News

Vietnam: It is forecasted that seafood exports to China in 2021 will reach 1 billion USD

Seafood
China
Vietnam
Published Nov 15, 2021

Tridge summary

The Association of Seafood Exporters and Producers (VASEP) said that, accounting for 17-18% of Vietnam's seafood exports in the past 2 years with over $1.4 billion, China is in the top 3 import markets of seafood. Vietnamese products. However, because exports to this market have declined continuously since the beginning of the year, so in the first three quarters of 2021, exports to China only account for 11% of Vietnam's total seafood exports.

Original content

From April 2021, Vietnam's seafood exports to the Chinese market continuously decreased by 11-51% due to the strict control of imported frozen seafood at the main ports of this country, causing congestion and costly for customers. Chinese importers, affecting the profits and demand of Vietnamese importers and exporting companies as well. Along with the Covid outbreak in Vietnam from mid-July, exports to China fell further in the third quarter: down 36% in August and 51% in September. Seafood exports to China have continuously decreased, due to the strict control policy of corona virus on imported seafood, causing congestion at ports in China. Since the third quarter of 2020, China has repeatedly announced the detection of corona virus on frozen seafood packaging imported from a number of countries such as India, Ecuador, Russia, Argentina... so this country's Customs has announced that it will strengthen inspect and inspect imported frozen seafood to prevent the outbreak of corona ...
Source: CafeF
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