echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Food News > Food Articles > Vietnam's seafood exports are expected to reach US$11 billion this year

    Vietnam's seafood exports are expected to reach US$11 billion this year

    • Last Update: 2023-02-02
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    Vietnam is a major producer of farmed shrimp and pangasius on December 23, and seafood export revenue is expected to reach a record US$11 billion this year, up 25%
    from 2021.
     
    Vietnam's export revenue has exceeded US$10 billion for the first time, with seafood exports reaching US$10.
    2 billion by the end of November, an increase of nearly 28%
    over the same period in 2021, according to the Vietnam Seafood Exporters and Producers Association (VASEP).
     
    The growth of Vietnam's seafood in the first nine months of 2022 was mainly due to the strong recovery in demand in most major import markets, especially the United States, Europe and China, where the price of exported seafood also increased by an average of 15% to 60%.

     
    By the end of November, Vietnam's shrimp exports exceeded US$4 billion for the first time in a year, and tuna export revenues were US$941 million, which is expected to exceed US$1 billion
    by the end of this year.
     
    In the first 11 months of 2022, Vietnam's pangasius export revenue increased by 63% to nearly US$2.
    3 billion, and the value of squid exports increased by 42% to US$372 million
     
    The United States is the largest buyer of Vietnamese seafood this year, exporting more than US$2 billion to it as of the end of November, an increase of nearly 10% over the same period in 2021; Exports to Chinese mainland and Hong Kong, as well as Japan, amounted to approximately US$1.
    6 billion; Exports to the EU market exceed $1.
    2 billion; Exports to South Korea exceeded USD 882 million
    .
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.