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    Home > Food News > Food Articles > Vietnam's exports to ASEAN have soared

    Vietnam's exports to ASEAN have soared

    • Last Update: 2022-10-19
    • Source: Internet
    • Author: User
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    According to the Vietnam Aquatic Products Processing Export Association (VASEP), as of the end of September 2022, Vietnam's exports to ASEAN countries reached about US$152 million, accounting for 8%
    of Vietnam's total fish exports.
     
    ASEAN is one of the markets that accounts for a large proportion of Vietnam's total fish exports, and is trending to increase imports of this product
    from Vietnam.
    With the breakthrough and continuous growth in recent years, up to now, the proportion of the ASEAN market in Vietnam's total fish inspection exports has almost approached the EU market
    .
     
    Vietnam's main markets in ASEAN include Thailand, the Philippines and Singapore
    .
    Among them, Thailand accounted for 3.
    6%
    of Vietnam's total fish exports.
    As of the end of the third quarter of 2022, the export value of fish to this market exceeded 70 million US dollars, an increase of 81%
    over the same period in 2021.
    In September this year, Vietnam's fish exports to Thailand increased by 165%.

     
    It is worth mentioning the Philippine market, to which Vietnam's fish exports increased by 4 times
    year-on-year in September.
    By the end of the third quarter of 2022, Vietnam's fish exports to the Philippines reached US$25 million, an increase of 92%, accounting for 1.
    3%
    of Vietnam's total fish exports.
     
    Singapore ranks second
    in the ASEAN region in terms of Vietnamese fish sales.
    In the first nine months of this year, Vietnam's fish exports to Singapore exceeded US$28 million, a year-on-year increase of 56%.

    In September alone, Vietnam's fish exports to Singapore more than
    tripled.
     
    In the first nine months of this year, Vietnam's fish exports to Malaysia exceeded US$26 million, an increase of 114%.

    In September, Vietnam's fish exports to the market increased by 138%.

     
    Although the proportion is not high, Cambodia, Indonesia, Laos and other ASEAN countries tend to grow strongly in imports of Vietnamese fish, increasing by 2-22 times
    year-on-year.
    At the current growth rate, ASEAN's share of Vietnam's fish inspection exports tends to increase and may surpass the EU market
    in the near future.
    (End)
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