Vietnam's seafood exports growth momentum is difficult to maintain due to COVID-19 and yellow card IUU

Published 2021년 7월 21일

Tridge summary

Vietnam's seafood exports to the EU market have seen a 20% increase in the first half of this year, reaching over US$486 million, with shrimp being the highest contributor. Despite the overall increase in seafood exports to the EU, pangasius exports experienced an 18% decrease. The Netherlands, Germany, Belgium, and Italy are the primary markets for Vietnam's shrimp and tuna. The demand for seafood imports from the EU is expected to continue growing in the latter half of the year, but the growth might be constrained by the ongoing COVID-19 situation and the IUU yellow card issue.

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

Original content

The Association of Seafood Exporters and Producers (VASEP) said that according to Customs statistics, in the first six months of this year, Vietnam's seafood exports to the EU market increased by 20% to over US$486 million. Shrimp exports accounted for the highest proportion, 52.5% of the total seafood turnover to the EU with US$256 million, up 27% over the same period last year. While the EU market is recovering in demand, the export of seafood products to this country has increased, but pangasius exports still decreased by 18% over the same period to nearly 58 million USD, accounting for less than 12% of seafood exports. to the EU. The EU is currently the fourth largest seafood export market of Vietnam, after the US, Japan and China, accounting for over 11%. In which, the dominant markets in this block are the Netherlands, Germany, Belgium, and Italy, which are the main markets for Vietnam's shrimp and tuna consumption. The EU accounts for over 14% of Vietnam's shrimp exports, ...

Source: Vietnambiz