Selling fish and shrimp species around the world, Vietnam earned 9.2 billion USD

Published 2024년 1월 14일

Tridge summary

Vietnam's seafood exports are expected to reach 9.2 billion USD in 2023, slightly below the 10 billion USD plan, with a cautious target set for the following year. The global seafood market faces challenges such as slow economic recovery, geopolitical issues, and competition from other countries. Additionally, factors such as inflation, feed costs, and anti-subsidy taxes will continue to affect the seafood industry in 2024.

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

Original content

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood exports for the whole year 2023 are estimated to reach 9.2 billion USD, reaching 92% of the plan (10 billion USD). In particular, focusing on main product groups such as: Shrimp export of about 3.45 billion USD; Pangasius about 1.9 billion USD; mollusks about 0.8 billion USD; Tuna is about 0.9 billion USD. In 2024, the fisheries industry sets a cautious target, with total seafood output reaching 9.22 million tons, equivalent to 2023; Turnover reached 9.5 billion USD, a slight increase of 3% compared to 2023. It is forecast that Vietnam's seafood exports in the first half of 2024 will only recover slightly compared to the low base of the same period in 2023 due to uncertain market demand. The world economy still faces many difficulties, inflation has decreased but has not yet reached the target level of countries, high interest rates... are still factors affecting the global economic recovery. ...

Source: Danviet