Vietnam’s seafood exports recovered in November, 2021
MEKSEA.COM – In November 2021, Vietnam’s seafood exports reached over US$910 million, up 23% over the same period last year. Accumulated to the end of November reached about 8 billion USD, up 4% over the same period in 2020. (Vietnam Customs)
In November, exports of all key products recovered strongly with a growth rate of 16% of shrimp, 31% of pangasius, 51% of tuna, 37% of squid, octopus, and 59% of crabs, other increased 14%.
By the end of November 2021, shrimp exports reached 3.56 billion USD, up 3.4%; pangasius exports reached 1.4 billion USD, up 3.3%; tuna recovered 13% to 672 million USD and Squid; octopus increased 7.4% to reach 543 million USD.
The EU market
In November, Vietnam’s seafood exports to the EU market recovered the most, up 65%, reaching 105 million USD. Except for pangasius, exports of other products increased sharply. In which, shrimp exports increased by 86%, exports of other seafood such as tuna, squid, octopus, and bivalve mollusks all increased by 32-74% compared to November 2020. By the end of November 2021, Vietnam’s seafood exports to the EU reached 967 million USD, up 11% over the same period in 2020.
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In November, Vietnam’s tuna exports increase by 48% over the same period last year. (photo: Internet)
The US market
Vietnam’s seafood exports to the US market still maintained stable growth with an increase of 37% in November, reaching US$198 million. Moreover, pangasius exports increased sharply by 58%, shrimp increased by 24%, tuna increased by 48%, and other products increased sharply from 11-157% compared to November 2021. By the end of November 2021, seafood exports to the US reached nearly $1.9 billion, up 26% over the same period last year and accounting for 23% of Vietnam’s total seafood exports.
CPTPP market
Moreover, Vietnam’s seafood exports to CPTPP countries account for nearly a quarter of Vietnam’s total seafood export turnover. In November, exports to this market increased by 9%, equivalent to 225 million USD. In the first 11 months of 2021, accumulated seafood exports to the CPTPP market reached nearly 2 billion USD, a slight decrease of 1% compared to the same period in 2020. In November, exports to most markets in the bloc recovered from 11 -52%, excluding New Zealand which decreased by 6%. In which, Japan is still the main market of Vietnam’s seafood exports with 136 million USD, up 3.6%. Accumulated by the end of November, seafood exports to Japan reached over $1.2 billion, down 6.4% over the same period.
It’s forecasted that Vietnam’s seafood exports in 2021 will reach over 8.8 billion USD. (photo: Internet)
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China market
After a decline from March to November, seafood exports to China recovered slightly, up nearly 3% over the same period to reach 135 million USD. In which, the export of squid and octopus increased sharply by 116%, the export of pangasius increased by 17.4%, the rest of other products exported to this market still fell deeply from 15-89%.
It is forecasted that seafood exports in December will continue to recover and will reach over 800 million USD. As a result, seafood exports for the whole year of 2021 to over 8.8 billion USD, up 5% compared to 2020.
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By Hayati (Meksea Team)
(hayati@mekseaconnection.com)
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