Tridge summary
Vietnam's seafood exports in December 2022 saw a decrease of 21% year-on-year, totaling $260 million. Despite this, the industry surpassed $4.3 billion in 2022, marking a record high. Shrimp, including leg and black tiger shrimp, lobster, and other marine shrimp, brought in over $4.3 billion. Pangasius exports experienced a 23% drop in December but surged by 52% in 2022, reaching over $2.4 billion. Tuna exports exceeded $1 billion for the first time, and octopus and squid exports saw a 26% increase compared to 2021. However, exports to the US and EU experienced significant declines, while exports to China and ASEAN remained strong. The industry faces challenges due to global economic recession and inflation, but the opening of China's borders in early 2023 is anticipated to offset these setbacks, marking a significant opportunity for the Vietnamese seafood industry.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
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. 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 ...
Source: Vietstock
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