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Vietnam: Seafood exports in May cooled down, still reaching the USD 1 billion mark

Xuất khẩu thuỷ sản tháng 5 hạ nhiệt, vẫn chạm mốc 1 tỷ USD
This news article has been translated to English.
Seafood
Vietnam
COVID-19
Price Trend
Demand
Jun 1, 2022
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Accordingly, accumulated in the first 5 months of 2022, the country's seafood exports brought in a turnover of over 4.6 billion USD, up 42% over the same period in 2021. Seafood exports in May 2022 slowed down a bit compared to April mainly due to shrimp exports. In May, shrimp exports reached US$416 million, up 19%, after a hot 47% increase in April. By the end of May, shrimp exports were estimated at US$1.8 billion, up 38% and accounting for 39% of total turnover. seafood exports. According to some businesses, shrimp exports in the first four months of this year increased dramatically for five reasons: availability of raw materials for reserve and inventory from 2021, many businesses signed contracts at the end of last year at high prices. In the context of Covid stress, global price inflation also affected shrimp prices to increase, the return of Vietnamese businesses to international seafood fairs in the US and EU... However, from the beginning of May, the weather tends to be ...
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