Pangasius, octopus, and crab exports from Vietnam to China skyrocketed by 240%

Published 2022년 3월 18일

Tridge summary

Exports of seafood from Vietnam to China and Hong Kong have experienced a significant surge in the first two months of 2022, recovering from a 17% decrease in 2021 due to China's zero Covid policy. The recovery is dominated by pangasius, crab, squid, and octopus, with tuna and shrimp also showing growth. However, the increase in shrimp exports was more modest compared to other products. The article also highlights the challenges faced by seafood suppliers from Vietnam and other countries to China's erratic import policy and stricter Covid-19 controls on imported food products. Furthermore, the article emphasizes the need for understanding China's import regulations and requirements for exporting seafood, including the registration of foreign manufacturing enterprises and increased food safety controls starting from 2021.

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

Original content

After decreasing 17% in 2021, mainly due to the zero Covid policy in the Chinese market, from the beginning of 2022 until now, exports to this market have recovered strongly. In January 2022, exports to China & HK increased by 56%, February exports outperformed with a growth of 138% over the same period last year. In which, in the first two months of the year, exports to mainland China more than doubled over the same period, reaching 145 million USD, accounting for 85%. Exports to Hong Kong increased by 46% to 25 million USD, accounting for 15%. Importers in mainland China and Hong Kong both increased orders of Vietnamese pangasius, crab, squid, and octopus products in the past two months. As for tuna, consumption was strong only in Hong Kong, with a growth of 56%, while China had almost no orders for Vietnamese tuna in the first 2 months of the year. Although the growth was more modest than other products, shrimp still accounted for a high proportion of 23.4% of the total seafood ...

Source: AgroInfo.vn