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Seafood exports in 2021 of Vietnam reach over $8.9 billion

Seafood
Vietnam
Published Jan 9, 2022

Tridge summary

Seafood exports last year increased by 6% compared to 2020, which was assessed by the Vietnam Association of Seafood Exporters and Producers (Vasep) as exceeding expectations. Previously, Vietnam's seafood industry set a target of $8.8 billion in export turnover in 2021. Vasep said that Covid-19 had seriously affected seafood production and export, especially in the third quarter. However, thanks to the Government's Resolution 128, which temporarily stipulates "Safely adapting, flexibly and effectively controlling the Covid-19 epidemic", the industry has made a spectacular comeback in the last months of the year. Specifically, after a sharp increase of 23% in November, seafood exports in December continued to increase by 29%, reaching over $940 million. In the last month of the year, exports of key products increased sharply by 6-110%. Last year, the US was still the largest consumer of Vietnam, accounting for 23% of turnover, with over 2 billion USD, up 26% compared to the previous year. Particularly in December 2021, seafood exports to the US reached 176 million USD, up 32% over the same period in 2020. The EU market accounted for 12% of total turnover, with over 1 billion USD, up 12% compared to 2020.

Original content

Seafood exports last year increased by 6% compared to 2020, which was assessed by the Vietnam Association of Seafood Exporters and Producers (Vasep) as exceeding expectations. Previously, Vietnam's seafood industry set a target of 8.8 billion USD in export turnover in 2021. Vasep said that Covid-19 had seriously affected seafood production and export, especially in the third quarter. However, thanks to the Government's Resolution 128, which temporarily stipulates "Safely adapting, flexibly and effectively controlling the Covid-19 epidemic", the industry has made a spectacular comeback in the last months of the year. Specifically, after a sharp increase of 23% in November, seafood exports in December continued to increase by 29%, reaching over $940 million. In the last month of the year, exports of key products increased sharply by 6-110%. Last year, the US was still the largest consumer of Vietnam, accounting for 23% of turnover, with over 2 billion USD, up 26% compared to the ...
Source: VNExpress
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