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    Home > Food News > Food Articles > Vietnam's seafood exports to China rebounded strongly

    Vietnam's seafood exports to China rebounded strongly

    • Last Update: 2022-11-25
    • Source: Internet
    • Author: User
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    Over the years, China has become one of
    the most important "billion-dollar" markets for Vietnamese aquatic products.
    In 2019, Vietnam's seafood exports to China reached a record
    US$1.
    2 billion.
     
    Against the backdrop of China's "zero" epidemic prevention policy, Vietnam's aquatic exports to China have shown a good growth momentum, making a significant contribution
    to the success of the fishery.
     
    Over the years, China has become one of
    the most important and "billion-dollar" markets for Vietnamese aquatic products.
    In 2019, Vietnam's seafood exports to China reached a record
    US$1.
    2 billion.
     
    However, due to the impact of the new crown epidemic, Vietnam's seafood exports to China continued to decline and fell below
    US$1 billion in 2021.
     
    However, since the beginning of 2022, Vietnam's exports of aquatic products to China have rebounded and continue to recover
    .
    According to the General Administration of Customs, Vietnam's exports of aquatic products to China reached US$1.
    3 billion, an increase of 82% year-on-year, setting a new record
    again, according to the General Administration of Customs.
     
    Due to the adherence to the "zero" epidemic prevention policy, China's aquatic product imports and production have been seriously affected, so the country's aquatic product raw materials are seriously in short supply
    .
    As a result, China's demand for aquatic imports has increased
    sharply this year.
    In the first nine months of 2022, China's imports of aquatic products reached US$13.
    5 billion, an increase of 40%
    year-on-year, according to the Import and Export Bureau of Vietnam's Ministry of Industry and Trade.
     
    At the same time, the Import and Export Administration believes that China's aquatic product imports will still maintain a growth trend in the third quarter of 2022 and will continue to grow
    in the last two months of 2022.
     
    Shrimp is one of China's
    strongest major imports this year.
    In the first eight months of this year, China's shrimp imports reached US$3.
    77 billion, an increase of 66.
    3%
    over the same period in 2021.
     
    Thanks to the strong growth of Chinese imports, Vietnam's shrimp exports to this market have grown strongly
    .
    In the first eight months of this year, Vietnam's shrimp exports to China reached US$198 million, an increase of 98.
    5% over the same period in 2021, doubling according to data from the General Administration of Customs of China
    .
    (End)
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