News

Vietnam’s aquatic product exports accelerate

Seafood
Vietnam
Market & Price Trends
Published Oct 12, 2023

Tridge summary

Vietnam's aquatic product exports in 2022 slowed down in the fourth quarter, but this year they have accelerated in the last few months. In September, Vietnam's aquatic product exports reached $862 million, with exports to the US, China, and the European Union showing recovery momentum. Shrimp and tuna exports have reached levels similar to last September, and pangasius exports have achieved positive growth, increasing nearly 9% compared to last year. However, overall aquatic product exports for the third quarter of this year decreased by 22% compared to the previous year, but recent months have shown signs of recovery. The Seafood Processing and Export Association predicts that with the current growth momentum, aquatic product exports for 2023 are expected to reach $9.2 billion to $9.3 billion.
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

In 2022, Vietnam's aquatic product exports accelerated from the beginning of the year, but slowed down from the fourth quarter. On the contrary this year, aquatic product exports accelerated in the last few months of the year. ​ According to the Aquatic Products Processing and Export Association, Vietnam's aquatic product exports reached US$862 million in September, equivalent to the level in 2022. Among them, exports of aquatic products to the United States, China and the European Union showed a recovery momentum, an increase of 4% compared with the same period in 2022. -10%. In September, the export of some major aquatic products has returned to the same period last year. The export of shrimp and tuna has reached the level of last September. In particular, the export of pangasius has achieved positive growth, an increase of nearly 9% compared with the same period last year. %. Exports of squid, octopus, crabs, shellfish, etc. are still lower than the same period. ​ As of the ...
Source: Foodmate
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