Vietnam: Why did seafood exports, which were increasing at a gallop, suddenly plummet?
Seafood
Vietnam
Published Dec 2, 2022
Tridge summary
The Vietnam Association of Seafood Exporters and Producers (VASEP) said that in November, seafood exports reached about 780 million USD, down by over 14% over the same period in 2021. This is also the first month. For the first time since the beginning of the year, seafood exports have grown negatively. In commodities, except squid - octopus increased by 6.3%, other marine fish increased by 9.4%; The rest of the main products such as shrimp, pangasius, and tuna all decreased by double digits.
Original content
The deepest decrease was tuna (down 26.6%), followed by pangasius (down 25.9%), shrimp down 19.5%... In the total of 11 months of 2022, Vietnam's seafood exports reached 10.2 billion USD, up nearly 28% over the same period in 2021. In which, shrimp products earned over 4 billion USD (up 14%), pangasius reached over 4 billion USD. nearly 2.3 billion USD (up 63.1%), tuna reached 941 million USD (up 40%), squid - octopus reached 704 million USD, up 30%... Regarding the market, the US is the No. 1 market of Vietnam's seafood exports in the 11 months of 2022 with a turnover of over 2 billion USD, an increase of nearly 10%. Next is China - Hong Kong and Japan with about 1.6 billion USD. EU market reached over 1.2 billion USD; Korea over 882 million USD… According to VASEP, after growing strongly in the first three quarters of the year, seafood export growth slowed down in October when it increased by only 2% over the same ...
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