Vietnamese seafood export companies regard China as an important export market

Seafood

Vietnam

Market & Price Trends

Published Nov 28, 2023

Tridge summary

Vietnamese seafood export companies are increasingly focusing on the Chinese market, which has become one of their top three export markets, after the United States and Japan. However, due to the COVID-19 pandemic, seafood exports to China dropped in 2021 but are expected to recover to $1.6 billion in 2022, representing a 66% increase. Despite some categories experiencing declines, there are positive signs for exports of black tiger shrimp, sea shrimp, long tail fish, yellow snapper, and mackerel.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

News from SeafoodMedia on November 21 that the Chinese market is increasingly important to Vietnamese seafood export companies. In recent years, China has become one of Vietnam’s top three seafood export markets, second only to the United States and Japan. Due to the COVID-19 epidemic, Vietnam's seafood exports to China dropped to US$990 million in 2021. By 2022, exports will recover to US$1.6 billion, an increase of 66%. Due to the decline in export prices in the first nine months of this year, Vietnam's seafood exports to China decreased by 18% to US$1 billion. The main export products were pangasius and shrimp, accounting for 40% and 38% respectively. The export revenue was respectively Decreases of 27% and 8%. For other products, exports of octopus, squid and crabs decreased by 10% and 82% respectively. Sales of some categories have declined, such as pangasius, lobster, squid, crab, crayfish, fish cakes, surimi, etc., but black tiger shrimp, sea ...

Source: Foodmate