Vietnam: Seafood exports to the US fell 40% in December

Seafood

Vietnam

Published Jan 4, 2023

Tridge summary

In December 2022, shrimp exports decreased by 21% year-on-year to $260 million, after a decline of 18% in November. In the whole of 2022, the shrimp industry recorded a record of over $4.3 billion, of which leg shrimp white shrimp reached 3.1 billion USD, black tiger shrimp reached nearly 570 million USD, lobster 278 million USD, the rest were crayfish and other marine shrimp. Pangasius exports plummeted 23% Pangasius brought in more than 2.4 billion USD, up 52% compared to 2021. In December, pangasius exports also dropped sharply by 23% over the same period to 166 million USD.

Original content

Although it also fell 22% in December with sales of over $68 million, the tuna industry hit the $1 billion mark for the first time in more than 20 years of exports. Octopus squid exports brought in 764 million USD, up 26% compared to 2021. Other fish products such as anchovies, scads, mackerel and many other marine fish species contributed a large amount of sales of 2 billion USD in 2022, 22% higher than in 2021. Seafood exports to China and ASEAN are positive In December, although exports to most markets and market blocks decreased, exports to China & Hong Kong still increased by 17%, opening an optimistic signal about this market in the near future. For the whole year of 2022, the China-Hong Kong market brought in over $1.8 billion for Vietnam's seafood industry, an increase of 59% compared to 2021. Exports to ASEAN countries still maintained a positive growth momentum of 27% in December and this market group contributed USD 790 million to Vietnam's seafood in the whole year of ...

Source: Vietstock