Seafood exports of Vietnam hit the billion-dollar mark for the third consecutive month
Seafood
Vietnam
Published Jun 7, 2022
Tridge summary
The Vietnam Association of Seafood Exporters and Producers (Vasep) said that after reaching a record of over $1.1 billion in April 2022 with a growth rate of over 50%, entering May 2022, export aquatic products could not maintain a hot growth rate, but still reached the USD 1 billion mark, 27% higher than the same period in 2021. Accumulated in the first 5 months of 2022, seafood exports brought in a turnover of over 4.6 billion USD, up 42% over the same period in 2021. According to Vasep, seafood exports in May 2022 slowed down a bit compared to April, mainly due to shrimp products. In May, shrimp exports reached $416 million, up 19%, after a hot 47% increase in April. By the end of May, shrimp exports were estimated at $1.8 billion, up 38% and accounting for 39% total export turnover of aquatic products. Exporters said that shrimp exports in the first four months of this year increased dramatically for five reasons: a strong recovery in demand in markets, and enterprises' availability of raw materials for reserve and inventory from 2021, many businesses signed contracts at the end of last year with high prices in the context of Covid-19 stress, global price inflation also affected shrimp prices to increase, the return of Vietnamese enterprises to other industries.
Original content
The Vietnam Association of Seafood Exporters and Producers (Vasep) said that after reaching a record of over $1.1 billion in April 2022 with a growth rate of over 50%, entering May 2022, export aquatic products could not maintain a hot growth rate, but still reached the USD 1 billion mark, 27% higher than the same period in 2021. Accumulated in the first 5 months of 2022, seafood exports brought in a turnover of over US$4.6 billion, up 42% over the same period in 2021. According to Vasep, seafood exports in May 2022 slowed down a bit compared to April, mainly due to shrimp products. In May, shrimp exports reached $416 million, up 19%, after a hot 47% increase in April. By the end of May, shrimp exports were estimated at $1.8 billion, up 38% and accounting for 39%. total seafood export turnover. Exporters said that shrimp exports in the first four months of this year increased dramatically for five reasons: a strong recovery in demand in markets, and enterprises' availability of ...
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