Vietnam's seafood exports in the first 10 months of the year reached 9.5 billion USD

Published 2022년 11월 2일

Tridge summary

Vietnam's seafood exports, including shrimp, pangasius, tuna, and squid, have seen significant growth in the first 10 months of 2022. Shrimp exports reached nearly $3.8 billion, a 19% increase, and are expected to surpass $4.4 billion by year-end. Pangasius exports surged by 80% to nearly $2.2 billion, and tuna exports increased by 50% to $890 million. Squid and octopus exports also rose by 32% to $625 million. It is anticipated that seafood exports will surpass $10 billion by November, setting a new record for the industry. The fisheries sector is projected to contribute 3% to Vietnam's total merchandise exports, accounting for nearly 12% of the domestic export value.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By October 2022, shrimp exports reached nearly $3.8 billion, up 19%. Shrimp exports in 2022 are expected to reach over $4.4 billion, up 14% compared to 2021. The main exported shrimp products are vannamei shrimp, accounting for 75% with over $3.2 billion, black tiger shrimp accounting for about 13% with nearly 1.5 billion USD. In 2022, inflation and the Russia-Ukraine conflict have helped affordable white fish such as pangasius increase export sales to markets. Most markets have increased from 40% to 200% of Vietnam's pangasius imports. Pangasius exports by the end of October 2022 reached nearly $2.2 billion, an increase of 80% compared to the same period in 2021. It is expected that in 2022, pangasius exports will reach over $2.5 billion, up 58% compared to the same period last year. 2021. Tuna exports by the end of October were estimated at US$890 million, up 50% over the same period. In 2022, for the first time, tuna will become an export industry of over 1 billion USD. Taking ...

Source: Vietstock