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    Home > Food News > Food Articles > In the first two months of this year, Vietnam's fish exports increased by 93.6% year-on-year

    In the first two months of this year, Vietnam's fish exports increased by 93.6% year-on-year

    • Last Update: 2022-04-18
    • Source: Internet
    • Author: User
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    Vietnam's " Customs Online" reported on March 24 that according to the Vietnam Association of Aquatic Products Processing and Export (VASEP), the export value of Vietnamese cha fish to some major markets has increased by triple digits
    .
     
    According to Xie He, an expert in the cha fish market of VASEP, as of the end of February this year, the export value of Vietnamese cha fish to the United States reached 94.
    57 million US dollars, a year-on-year increase of 119.
    7%
    .
    Among them, the export value in February was nearly 42 million US dollars, an increase of 167%
    .

     
    As of the end of February, the U.
    S.
    was Vietnam’s largest export market for chaff
    .
    The recovery and strong demand in the U.
    S.
    market are expected to continue in the first half of this year
    .
    The domestic price of fish raw materials in Vietnam has risen to 30,000 - 32,000 VND/kg, pushing up the average export price
    .
     
    Especially after the U.
    S.
    Department of Commerce (DOC) announced the preliminary results of the 17th review and the latest final result of imposing POR17 anti-dumping duties on frozen fish fillets imported from Vietnam, more Vietnamese fish companies enjoy 0% tariffs in the U.
    S.
    market.
    , It is expected that the export value of Vietnamese chard to the US market will continue to grow strongly in the coming period
    .
     
      For the Hong Kong market of China, the export of Vietnamese Chayu to this market faces many difficulties
    .
    However, thanks to the efforts of enterprises, in the first two months of this year, the export volume of Chayu to Hong Kong, China reached US$85.
    8 million, a year-on-year increase of 239.
    6%
    .
    As a result, Hong Kong, China, has become the second largest export market for chaff (after the United States)
    .
     
      In the first two months of this year, the export value of Vietnamese chaff to the CPTPP market reached US$52.
    5 million, a year-on-year increase of 51.
    4%
    .
    Among them, exports to Mexico were US$18.
    3 million, an increase of 23.
    3%; exports to Canada were US$9.
    6 million, an increase of 81.
    5%; exports to Australia were US$6.
    8 million, an increase of 19%; exports to Malaysia were US$5.
    6 million, an increase of nearly 165%
    .
    If the global new crown pneumonia epidemic is well controlled and the economy returns to normal, it is expected that the export of Chayu to CPTPP will achieve double-digit positive growth in the next two quarters
    .
     
      In the first two months of this year, Vietnam’s chard export to the EU totaled nearly US$28 million, a year-on-year increase of nearly 76%
    .
    Among them, the export to the Netherlands was nearly 10 million US dollars, an increase of 78.
    3%; the export to Germany was 3.
    4 million US dollars, an increase of 98%; the export to Belgium was 2.
    8 million US dollars, an increase of 64.
    3%; the export to Spain was 2.
    7 million US dollars, an increase of 53%
    .

     
      In addition to the above-mentioned main export markets, the export of Chayu to other potential markets such as Brazil, Thailand, the United Arab Emirates, and the United Kingdom has also shown a good growth trend
    .
     
      With the growth momentum in the first 2 months of this year, Vietnamese fish enterprises expect this trend to continue until the end of this year
    .

    Customs Aquatic Products Processing Export
     
      According to Xie He, an expert in the cha fish market of VASEP, as of the end of February this year, the export value of Vietnamese cha fish to the United States reached 94.
    57 million US dollars, a year-on-year increase of 119.
    7%
    .
    Among them, the export value in February was nearly 42 million US dollars, an increase of 167%
    .

     
      As of the end of February, the U.
    S.
    was Vietnam’s largest export market for chaff
    .
    The recovery and strong demand in the U.
    S.
    market are expected to continue in the first half of this year
    .
    The domestic price of fish raw materials in Vietnam has risen to 30,000 - 32,000 VND/kg, pushing up the average export price
    .
     
      Especially after the U.
    S.
    Department of Commerce (DOC) announced the preliminary results of the 17th review and the latest final result of imposing POR17 anti-dumping duties on frozen fish fillets imported from Vietnam, more Vietnamese fish companies enjoy 0% tariffs in the U.
    S.
    market.
    , It is expected that the export value of Vietnamese chard to the US market will continue to grow strongly in the coming period
    .
     
      For the Hong Kong market of China, the export of Vietnamese Chayu to this market faces many difficulties
    .
    However, thanks to the efforts of enterprises, in the first two months of this year, the export volume of Chayu to Hong Kong, China reached US$85.
    8 million, a year-on-year increase of 239.
    6%
    .
    As a result, Hong Kong, China, has become the second largest export market for chaff (after the United States)
    .
     
      In the first two months of this year, the export value of Vietnamese chaff to the CPTPP market reached US$52.
    5 million, a year-on-year increase of 51.
    4%
    .
    Among them, exports to Mexico were US$18.
    3 million, an increase of 23.
    3%; exports to Canada were US$9.
    6 million, an increase of 81.
    5%; exports to Australia were US$6.
    8 million, an increase of 19%; exports to Malaysia were US$5.
    6 million, an increase of nearly 165%
    .
    If the global new crown pneumonia epidemic is well controlled and the economy returns to normal, it is expected that the export of Chayu to CPTPP will achieve double-digit positive growth in the next two quarters
    .
     
      In the first two months of this year, Vietnam’s chard export to the EU totaled nearly US$28 million, a year-on-year increase of nearly 76%
    .
    Among them, the export to the Netherlands was nearly 10 million US dollars, an increase of 78.
    3%; the export to Germany was 3.
    4 million US dollars, an increase of 98%; the export to Belgium was 2.
    8 million US dollars, an increase of 64.
    3%; the export to Spain was 2.
    7 million US dollars, an increase of 53%
    .

     
      In addition to the above-mentioned main export markets, the export of Chayu to other potential markets such as Brazil, Thailand, the United Arab Emirates, and the United Kingdom has also shown a good growth trend
    .
     
      With the growth momentum in the first 2 months of this year, Vietnamese fish enterprises expect this trend to continue until the end of this year
    .
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