Seafood exports in Vietnam increased by 17% in November

Published 2024년 12월 3일

Tridge summary

Vietnam's seafood exports have seen significant growth in the first 11 months of 2024, with the total turnover reaching nearly 9.2 billion USD, an 11.5% increase from the previous year. The country's main exports, shrimp, pangasius, and tuna, have all experienced positive growth, with shrimp showing the highest increase of 22% and is on track to reach 4 billion USD. Pangasius and tuna are also expected to surpass their 2023 figures, reaching 2 billion USD and 1 billion USD respectively. Other products like crab, shellfish, and squid have also seen impressive growth. The Vietnamese Association of Seafood Exporters and Producers (VASEP) predicts that the industry will achieve its 10 billion USD export target in 2024. The main export markets, China and the US, have shown significant growth, with China's turnover increasing by 61% and the US market by 21%. Despite challenges, the EU, Japan, and Korea continue to contribute significantly to Vietnam's seafood export turnover.

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

Original content

By the end of November, Vietnam's total seafood export turnover had reached nearly 9.2 billion USD, up 11.5% compared to 2023. In particular, shrimp is still the main product with strong growth, reaching 22% in November and is forecast to reach 4 billion USD by the end of the year. Other seafood products such as pangasius and tuna also recorded positive growth, with pangasius reaching USD 1.84 billion in the first 11 months of the year and forecast to reach USD 2 billion by the end of 2024. Tuna, although experiencing slower growth compared to previous months, still maintained an increase of 8% compared to November last year and could reach USD 1 billion as in 2022. Some other products such as crab, shellfish and squid also recorded impressive growth, of which shellfish achieved a growth rate of 180%. VASEP assessed that with the current growth momentum, the Vietnamese seafood industry can achieve the export target of 10 billion USD in 2024, an increase of 11.5% compared to ...

Source: Voh