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since the Lunar New Year, according to data from SeafoodMedia on December 9.
In the first 11 months of this year, Vietnam's seafood exports reached US$10.
2 billion, an increase of nearly 28%
over the same period in 2021.
2 billion, an increase of nearly 28%
over the same period in 2021.
In November, exports of shrimp, catfish and tuna from Vietnam all fell by 20%-26% compared to the same period last year, with only cephalopods and wild fish exports remaining positive at
9% and 6% respectively.
9% and 6% respectively.
By the end of November, pangasius exports rose 63 percent to nearly $2.
3 billion, and shrimp export revenues exceeded $4 billion, up 14 percent
.
Tuna was the second largest growth sector, up 40 percent to $941 million
.
Exports of cephalopod seafood also increased by 30 per cent to $704 million
.
3 billion, and shrimp export revenues exceeded $4 billion, up 14 percent
.
Tuna was the second largest growth sector, up 40 percent to $941 million
.
Exports of cephalopod seafood also increased by 30 per cent to $704 million
.
The United States is Vietnam's largest seafood export market, with exports to the United States exceeding US$2 billion, up 10% year-on-year, and exports to Hong Kong and Japan reaching US$1.
6 billion
.
6 billion
.
By the end of November, Vietnam's seafood exports to the EU exceeded US$1.
2 billion, exports to South Korea exceeded US$882 million, and exports to CPTPP countries including Japan amounted to US$2.
7 billion, an increase of 34%
year-on-year.
2 billion, exports to South Korea exceeded US$882 million, and exports to CPTPP countries including Japan amounted to US$2.
7 billion, an increase of 34%
year-on-year.
The growth rate of Vietnam's seafood exports slowed down in the second half of this year, and Vietnam's seafood exports are expected to decline further in December, and the downward trend will continue until 2023
.
.
Inflation has severely affected the import market and reduced purchase demand in the first quarter of 2023, with many seafood companies saying that orders have fallen sharply not only for high-priced products such as black tiger shrimp and white-legged shrimp, but also for high-end seafood such as squid, octopus and tuna, as well as affordable products
such as small shrimp, catfish, small sea fish, fish cake, fish meat sauce, etc.
such as small shrimp, catfish, small sea fish, fish cake, fish meat sauce, etc.
