Vietnam: Many records, seafood export reached 11 billion USD

Published 2022년 12월 30일

Tridge summary

Vietnam's seafood exports in December 2022 saw a 13% decrease from the previous year, totaling $785 million, but managed to grow by 24% to $11 billion throughout 2022. Despite some declines in December, key export items like shrimp, pangasius, tuna, and octopus squid achieved record highs for the year. The market faces challenges due to global recession and inflation, leading to decreased seafood consumption and importation. The demand is further strained by a lack of orders in the peak season, with a potential recovery predicted in the latter half of 2023.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the latest information from the Vietnam Association of Seafood Exporters and Producers (VASEP), in December 2022, the country's seafood exports reached $785 million, continuing a 13% decrease over the same period in 2021. However, thanks to continuous growth in the first 10 months of the year, the whole year of 2022, the seafood export industry has reached 11 billion USD, an increase of nearly 24% compared to 2021. Notably, many export items fell deeply in December 2022. In which, shrimp exports decreased by 21% year-on-year to $260 million, after a decline of 18% in November. However, for the whole year of 2022, the shrimp industry recorded a record of over $4.3 billion, in of which whiteleg shrimp reached 3.1 billion USD, black tiger shrimp reached nearly 570 million USD, lobster 278 million USD, the rest were other species of crayfish and marine shrimp. Similarly, pangasius products brought in more than 2.4 billion USD, up 52% compared to 2021. In December, ...

Source: Haiquanonline