Vietnam: Seafood exports in November 2023 increased by 6%

Seafood

Vietnam

Market & Price Trends

Published Dec 2, 2023

Tridge summary

Despite a decline in turnover for shellfish, the Vietnam Association of Seafood Exporters and Producers (VASEP) reported that main seafood product exports in November 2023 were higher than the same period the previous year. Shrimp exports were estimated to reach $3.15 billion, down 22% from the previous year due to price competition and low selling prices. Overall, seafood exports in 2023 are projected to reach around $9 billion, an 18% decrease compared to 2022.

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Original content

The Vietnam Association of Seafood Exporters and Producers (VASEP) said that except for shellfish, whose turnover is still lower than the same period, exports of main products in November 2023 are all higher than the same period last year. last year. Of which shrimp increased by 4%, tuna increased by 26%, pangasius increased by 12%, squid, octopus increased by 3%, other sea fish increased by 4%... By the end of November this year, pangasius exports had reached nearly 1.7 billion USD, still 26% lower than the same period last year. The decline in average export prices in main markets, especially the US and China, has pulled the value of pangasius exports lower than in 2022. However, pangasius exports are showing more positive signs in some markets in China, Mexico, Canada, Brazil, UK... "In addition to the main product which is pangasius fillets, by-products such as dried pangasius bladder and pangasius balls are of interest to many markets such as the US, China, Malaysia, and ...

Source: Vietstock