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Vietnam: Seafood exports continue to cool down in August

Seafood
Vietnam
Published Sep 1, 2022

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Over the same period, seafood exports in August 2022 increased by more than 54%. This growth does not show an optimistic trend because compared with the low base of the same period. According to VASEP, August 2021 is the peak month of the COVID-19 epidemic in the Mekong Delta region, seafood production was interrupted and exports fell to the lowest level of the year. In which, shrimp exports dropped the most in aquatic products. From a peak of $456 million in May, shrimp exports fell to $356 million in August.

Original content

Over the same period, seafood exports in August 2022 increased by more than 54%. This growth does not show an optimistic trend because compared with the low base of the same period. According to VASEP, August 2021 is the peak month of the COVID-19 epidemic in the Mekong Delta region, seafood production was interrupted and exports fell to the lowest level of the year. In which, shrimp exports dropped the most in aquatic products. From a peak of 456 million USD in May, shrimp exports fell to 356 million USD in August. Still, this figure is still 26% higher than the same period last year. In which, whiteleg shrimp exports reached 285 million USD, up 32% over the same period, while black tiger shrimp exports reached 47 million USD, down nearly 7%. Notably, lobster exports continued to break through with a growth rate of 163% in August and a cumulative increase of more than 5 times over the same period last year. Accumulated in the first 8 months of the year, shrimp exports have ...
Source: Vietstock
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