Vietnam has become the third largest seafood exporter in the world after China

Published 2022년 12월 30일

Tridge summary

Vietnam's seafood exports in December 2022 saw a 13% decrease from the previous year, but the first 10 months of 2022 saw growth, reaching 11 billion USD, a 24% increase from 2021. The country is the third largest seafood exporter in the world, accounting for over 7% of the global market share. The exports consisted of shrimp, pangasius, tuna, and other fish products, with the China & Hong Kong and ASEAN markets showing positive growth. However, the world economy's recession and inflation are expected to decrease seafood import demand in 2023, with a potential market recovery in the second half of the year.

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, in December 2022, the country's seafood exports reached US$785 million, continuing a 13% decrease over the same period in 2021. However, thanks to continuous growth. For 10 months, the whole year of 2022, seafood exports should reach 11 billion USD for the first time, an increase of nearly 24% compared to 2021. Currently, on the world seafood export map, Vietnam is the third largest seafood exporter, accounting for over 7% of the world's market share, just behind China and Norway. Notably, in 2022, seafood exports will account for 3% of Vietnam's total merchandise exports. Compared to the total export turnover of the domestic economic sector, the seafood industry contributes nearly 12% of the value, in which, there is a breakthrough in many items such as: pangasius, shrimp, tuna, ... Specifically, in December 2022, shrimp exports decreased by 21% year-on-year to $260 million, after a decline of 18% in ...

Source: Danviet