Nearly 1.7 billion USD of Vietnamese seafood exported to other countries
Seafood
Vietnam
Published Jun 24, 2022
Tridge summary
Purchasing power from China decreased, but world seafood consumption still increased, helping the export of this item in the first 5 months of the year reach 1.7 billion USD, up 25% over the same period.
Original content
According to the Vietnam Association of Seafood Exporters and Producers, in the first five months of the year, seafood exports reached 1.7 billion USD. This item accounts for 35% of the country's total seafood export value. In which, tuna grew 59% - the highest level, reaching more than 462 million USD; crabs, other crustaceans and squid and octopus increased by 47% and 28% respectively... According to export businesses, despite being affected by the "Zero Covid" policy from China, seafood consumption in the world is still increasing. In particular, the Russia-Ukraine war increased commodity prices when input costs escalated, but thanks to cost balance, Vietnamese goods became more attractive and competitive in the market. Besides China, the US, Japan and France are the main markets for Vietnam's crab products, accounting for more than 91% of total export value. Compared to the same period last year, crab exports to the US increased continuously thanks to the country having fully ...
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