The first quarter sees China, the US and Japan as top importers of Vietnam's fishery products

Published Apr 15, 2024

Tridge summary

In the first quarter, China, the US, and Japan emerged as the top importers of Vietnamese fishery products, with the US leading the growth at 16% to $330 million. China and Hong Kong's imports increased by 15%, with China being a significant importer of various seafood from Vietnam, notably lobster, following tighter import controls on Ecuadorian lobster. Japan's imports also grew, especially in white-legged shrimp, crab, and tra fish. While exports to the EU and the Republic of Korea had mixed results, tuna exports saw positive growth. The Vietnam Association of Seafood Exporters and Producers (VASEP) predicts a competitive shrimp industry in 2024 and expects fishery exports to gradually recover in the latter half of the year, aiming for total exports to hit $9.5-$10 billion.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

China, the US and Japan stood out as the primary importers of Vietnamese fishery products in the first quarter of this year, as reported by the Vietnam Association of Seafood Exporters and Producers (VASEP). Exports to the US saw the highest increase in the period, by 16 per cent, to US$330 million, with shrimp shipments rising by 15 per cent, and that of tuna, tra fish and crab surging by between 13 per cent and 53 per cent, respectively. Meanwhile, exports to China and Hong Kong (China) increased by 15 per cent. China was the biggest importer of Vietnamese tra fish, white-legged shrimp, lobster, anchovy and crabs. According to VASEP, as China is tightening control of lobster import from Ecuador, Việt Nam sees an opportunity to increase its exports. In the first quarter of this year, Việt Nam’s lobster export to China was seven times higher than that of the same period last year. Moreover, its export of white-legged shrimp also increased 2.5 times. Việt Nam’s exports of fishery ...
Source: WTOCenter

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