Vietnam’s seafood export in the first 9 months of 2022
MEKSEA.COM – According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in the first nine months of 2022, Vietnam’s seafood exports reached 8.5 billion USD, up 38% over the same period in 2021.
In September 2022, Vietnam’s seafood exports reached over 850 million USD, up 36% over the same period last year. And key point seafood products exports tend to significantly increase, in which pangasius still maintained the highest growth rate, increasing by 97%, reaching 161 million USD. Inflation reduces the demand for many seafood products, but Vietnam’s pangasius is still an advantage because of its reasonable price for ordinary consumers.
Shrimp exports in September 2022 reached nearly 350 million USD, up 13%. The lack of raw shrimp and market demands are slowing down because of price inflation. In which, seafood products such as tuna increased by 44%, squid and octopus increased by 40% and other marine fish increased by 55% this month.
Thus, as of the end of September 2022, accumulated shrimp exports brought in nearly 3.4 billion USD, up 23% over the same period in 2021, pangasius also earned nearly 2 billion USD, up 82%, seafood products also earned nearly 2 billion USD, up 82% and others reached nearly 3.2 billion USD, up 33% over the same period last year.
Seafood exports to the Chinese market brought in the highest sales in September 2022 with 153 million USD, up 97% over the same period in 2021. In terms of market structure, in the first nine months of this year, the US still is the market with the highest proportion with nearly 1.8 billion USD, up 22%, exports to countries under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) reached nearly 2.2 billion USD, up 41%, seafood exports to the EU exceeded 1 billion USD, up 41% over the same period. China is still the market with the highest growth rate of 76% reaching 1.35 billion USD in the past 9 months.
According to VASEP, Vietnam’s seafood export will be able to fulfill the export target of 10 billion USD as expected by the industry and the target set by the Ministry of Agriculture and Rural Development at the beginning of the year. The last month of 2022 will be the time when businesses aim for their planned growth.
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By Hayati (Meksea Team)
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