Japan is Vietnam's second-largest seafood import market

Published Jan 2, 2024

Tridge summary

Vietnam's seafood exports to Japan are expected to reach over $1.5 billion in 2023 and become the second largest import market for aquatic products. While white and black tiger shrimp exports have declined, crab, salmon, and various species of fish have seen positive growth in exports to Japan. The Vietnam Seafood Processing and Export Association advises Vietnamese companies to carefully calculate costs and competitive prices to take advantage of Japanese consumer trends.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Vietnam Association of Seafood Processing and Exporters (VASEP) stated that in 2023, Japan will become Vietnam’s second largest aquatic product import market, second only to the United States. ​ From a product perspective, the sharp decline in exports of white shrimp and black tiger shrimp to Japan is the main factor affecting the export volume of aquatic products in this market. At the same time, many other products have also achieved positive growth to Japan this year. ​ It is worth noting that crab exports to Japan in 2023 increased by 36% year-on-year, and crabs have become the third largest export product in this market, second only to white shrimp and salmon. ​ Export sales of various species of fish such as black-spotted trevally, pollock, mackerel, horse mackerel, flounder, amberjack, and paraleaf trevally to Japan were higher than last year. ​ A large part of the products exported to Japan this year are products processed and exported from imported raw ...
Source: Foodmate

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