MEKSEA.COM – The EU went past Thailand and remained as the third-largest importer of Vietnam cephalopod, accounting for 10,8% of Vietnam’s cephalopod shipments to markets. Italy, France and Spain continued to be the top biggest importing markets of Vietnam in the EU. Sales to these 3 markets recorded good growth.

Due to social distancing to prevent the Covid-19 epidemic, production was interrupted, Vietnam’s squid and octopus exports to the EU, as well as most markets, decreased. In the first 7 months of this year, Vietnam’s squid and octopus exports to the EU grew by 3-digits in April and May, and the remaining months all grew by double digits.

According to statistics Vietnam’s squid and octopus exports to the EU in the first 8 months of the year increased by 39% over the same period last year, equivalent to US$38.8 million. This is the market with the best growth among the 5 main import markets of Vietnam’s squid and octopus.

EU is one of the 5 key import markets of Vietnam’s squid and octopus. (photo: Meksea)

Despite being significantly affected from the Covid-19 pandemic in the world, thanks to tariff preferences of EVFTA on frozen and processed squid and octopus exported to the EU, tax reduction to 0%, Vietnam’s squid and octopus exports to the EU have recovered well from the beginning of the year until now.

According to International Trade Centre (ITC), the EU market is currently importing squid and octopus from more than 50 countries. In which, Vietnam is the 7th largest supplier of squid and octopus to the EU market. Spain, Portugal and France are the top 3 importers of squid and octopus in the EU in the first 7 months of this year. In the EU market, the demand for squid and octopus in the retail segment is still high, restaurants and hotels are gradually opening, increasing the demand for this item. Demand for importing squid and octopus from Vietnam to the EU is still good from now until the end of the year.

As the leading seafood exporter in Vietnam, in the first 9 months of 2021, Meksea exported tons of squid and octopus to the EU. Meksea always focuses on product quality in every stage from preliminary processing to delivery of finished products to our customers. Meksea always make effort to bring customers the most optimal products, suitable for each business market.

By Hayati (MekseaTeam)

(hayati@mekseaconnection.com)

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