News

Vietnam’s shellfish exports will decrease by 12% year-on-year in 2023

Vietnam
Market & Price Trends
Published Feb 22, 2024

Tridge summary

Vietnam's shellfish exports, including clams, snails, oysters, and scallops, are projected to drop by 12% in 2023, reaching a value of US$127 million. Clams, which make up 62% of the total exports, saw a 17% decrease in export value last year, largely due to competition from cheaper Chinese clams in the US market. The primary markets for Vietnamese clams are Italy, Spain, and Portugal. Snail exports are also predicted to fall by 6% in 2023.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to news from SeafoodMedia on February 5, Vietnam’s shellfish exports in 2023 will be US$127 million, a decrease of 12%. ​ Vietnam’s main shellfish exports include clams, accounting for 62% of export value, snails 12%, oysters 11%, and scallops 9%. In addition, there are some species with medium export value, including abalone and mussels. ​ Last year, Vietnam’s clam export value was nearly US$79 million, a year-on-year decrease of 17%. Among them, exports to Spain and Italy dropped by 15% and 36% respectively. ​ Frozen steamed clams are the main export product with commodity code 16055600 and an export value of US$72 million. They are mainly sold to Italy, Spain and Portugal, accounting for 66% of the total exports. Among these three major markets, only Portugal purchased from Vietnam last year. of clams increased by 10%. ​ The United States is the fourth largest export market for Vietnamese clams, but exports to the United States fell by 16% last year. Chinese ...
Source: Foodmate
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