Situation of Vietnam’s seafood exports in October 2021
MEKSEA.COM – After the 4th outbreak of the Covid-19 epidemic in the provinces of Southern Vietnam, the relaxation of distance and reoperating in localities has assisted in the production and export process to recover rapidly. In October, Vietnam’s seafood exports reached $918, up 47% compared to September 2021.
Currently, Vietnam’s export production is gradually stabilizing and recovering clearly. According to statistics, most key products have increased again: tuna, octopus and squid by 18%, crabs by 13%, shrimp by 1.6%. Exports are mainly to markets such as the US, Korea, EU, Canada, in which exports to the US have the highest increase, reaching 31%.
Vietnam’s seafood exports in October 2021 showed signs of recovery. (photo: Internet)
By the end of October 2021, the country’s seafood export reached 7.1 billion USD, of which shrimp reached 3.2 billion USD, up 2.6%, pangasius reached 1.2 billion USD, equivalent to the same period last year. Last year, tuna reached 598 million USD, up 10%, octopus reached 475 million USD, up 4.5%, other types of fish decreased by nearly 1% to 1.36 billion USD. Particularly, bivalve molluscs maintained a high growth rate of 39% after 10 months, reaching 113 million USD.
The US accounted for 24% of turnover with nearly 1.7 billion USD, up 25% over the same period, Japan accounted for 15% with 1.08 billion USD, down 7%. China and the EU both accounted for 12% with a value of USD 872 million, down 24% and USD 864 million, up 7% over the same period last year. Exports to South Korea accounted for 9%, reaching $643 million, up slightly by 2%.
Demand from import markets is still high, seafood processing production is on the rebound and is expected to increase significantly in the next 2 months when all workers in the Mekong Delta are vaccinated.
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By Hayati (Meksea Team)
(hayati@mekseaconnection.com)
(Reference: VASEP)
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