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    Home > Food News > Food Articles > In 2023, Vietnam's fish exports to the United States are optimistic

    In 2023, Vietnam's fish exports to the United States are optimistic

    • Last Update: 2023-02-02
    • Source: Internet
    • Author: User
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    As of the end of October 2022, Vietnam's seafood exports to the United States exceeded US$1.
    9 billion, up 15%
    from the same period last year, said Du Ngoc Hing, director of Vietnam's U.
    S.
    Commerce Division and trade counselor, said in an interview with a Washington correspondent by the Vietnam News Agency in Washington on December 16.
    The United States remains the largest export market
    for Vietnamese aquatic products.
    Shrimp, cha fish and tuna are the three main products exported by Vietnam to the United States, accounting for 38%, 26% and 23%
    of Vietnam's total aquatic exports to the market, respectively.
     
    In the first 10 months of this year, Vietnam's exports to the United States were $491 million, up 70 percent
    year-on-year.
    However, since July, Vietnam's exports to the United States have only been between $32 million and $33 million per month, down sharply from $81 million in April 2022
    .
     
    In the first 10 months of this year, Vietnam's exports to the United States were $491 million, up 70 percent
    year-on-year.
    Shrimp, chaiyu and tuna are Vietnam's three main exports
    to the United States.
     
    Mr.
    Du Ngoc Hing said that due to the risk of recession in the global economy, inflation in the United States, although it has declined, but it is still high, coupled with factors such as exchange rate fluctuations and fierce competition, Vietnam's fish exports in the second half of 2022 may continue into 2023
    .
     
    However, it was learned that the US Department of Agriculture (USDA) has planned to purchase 1.
    44 million pounds of scaleless fish products
    in order to achieve US President Joe Biden's Build Back Better initiative.
    In addition, since the outbreak of the pandemic, many American households have changed their consumption habits, which is a good opportunity
    for Vietnamese fish and other aquatic products to enter the market in 2023.
    (End)
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