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Vietnam's aquatic product exports overcome the impact of the new crown epidemic and continue to grow

 Last Update: 2021-08-26
 Source: Internet
 Author: User

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Vietnam’s “Business and Industry News” reported on August 15 that although companies were severely affected by the new crown epidemic , Vietnam’s aquatic product exports continued to grow in the first seven months of this year
.
However, whether this growth rate can continue to be maintained depends to a large extent on the speed of Vietnam's control of the epidemic
.

According to data from the General Administration of Customs of Vietnam, the export volume of the aquatic product industry in the first seven months of this year reached 4.
98 billion US dollars, a year-on-year increase of 13.
3%
.
In July alone, exports reached 854 million US dollars, an increase of 0.
6% month-on-month and an increase of 7.
9% year-on-year
.

The United States continues to be Vietnam’s largest export market for aquatic products, with imports exceeding US$1.
14 billion in the first seven months of this year, accounting for 22.
9% of Vietnam’s total aquatic products exports
.
The United States is also the market with the largest increase in Vietnamese aquatic products exports in the first seven months of this year
.

In the first seven months of this year, Japan is the second largest market for Vietnam’s aquatic products exports
.
In addition, the European Union and China, the main exporters of Vietnamese aquatic products, also achieved growth
.

It is worth noting that Vietnam has now become Australia's largest supplier of shrimp products, accounting for 62% of the country's total shrimp imports
.
Among the countries participating in the Comprehensive Progress Agreement for Trans-Pacific Partnership (CPTPP), Australia is considered the most promising market
.
Due to the positive impact of the agreement, Vietnam's shrimp exports to Australia have achieved very good growth
.

Specifically, Vietnam’s shrimp exports to Australia reached US$88.
7 million in the first half of this year, a year-on-year increase of 81%
.
Australia is also the market with the largest increase in Vietnam's main shrimp export market
.

According to the Vietnam Fisheries Processing and Export Association (VASEP), starting from the end of 2020 and the first half of 2021, Australian retail suppliers and distributors have gradually adapted to the epidemic
.
This has led to an increase in shrimp imports from Australia, and Vietnam is one of the countries benefiting from the recovery of the market
.

VASEP assesses that Vietnam's main market has recently recovered
.
The United States, the European Union and Japan are no longer affected by the new crown epidemic
.
As a result, increased consumer demand in these markets has led to an increase in Vietnamese aquatic products exports
.

Epidemic aquatic products export

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