Vietnam: Seafood exports in the first quarter of 2023 are estimated at over 1.8 billion USD
Seafood
Vietnam
Published Apr 6, 2023
Original content
Seafood exports down 24% in March In March 2023 alone, seafood exports were estimated at US$780 million, down 24% compared to the same period in 2022. Exports of key products still fell 8%-39%. In which, shrimp exports decreased by 39%, pangasius decreased by 23%, tuna decreased by 33%, squid and octopus decreased by 8%. However, exports of other marine fish species still grew by 11% year-on-year. By the end of the first quarter, shrimp exports brought in USD 577 million (down 40% over the same period), pangasius reached USD 447 million (down 32%) and tuna reached USD 179 million (down 31%). Export of squid and octopus also decreased by more than 8% over the same period to 54 million USD. Particularly, the export of marine fish species still increased slightly by 3% to USD 435 million. The world market is still heavily affected by inflation and economic slowdown, which reduces consumption and import demand and also reduces import prices. It is forecasted that seafood exports will ...
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