Vietnam’s seafood exports to Philippines increase sharply in 2021
MEKSEA.COM – According to the Vietnam Association of Seafood Exporters and Producers, in the first 10 months of the year, Vietnam’s seafood exports to the Philippines market increased five times over the same period last year.
Currently, Philippines is the 13th largest import market of Vietnam. By the end of October, seafood exports to the Philippines reached 64 million USD. Has increased by 46% compared to 2020.
Pangasius fillet exported to Philippines account for 22%. (photo: Internet)
In which, scad accounted for 35.5%, equivalent to 23 million USD, nearly doubled compared to the same period last year. Frozen pangasius fillet is the second most exported item to the Philippines. Which accounted for 22%, equivalent to nearly 14 million USD, up 33% compared to the first 10 months of 2020. Moreover, tuna exports to this market also accounted for 21%, reaching over 13 million USD, up 46%. Notably, vannamei shrimp increased by 79% compared to the same period last year. Reached $5.6 million, accounting for only 8.7%.
In the first 10 months of 2021, Vietnam’s seafood exports reached 7,1 million USD. This is equivalent to an increase of 2,4% compared to last year. In which, key seafood products such as shrimp, pangasius, tuna, squid, octopus significantly increased.
Among the leading markets of Vietnam’s seafood exports, the US market accounted for 24% of the total turnover with nearly $1.7 billion, up 25% over the same period. Korea accounted for 9% with 643 million USD (up 2%).
Breakthrough growth in export to the Philippines is a positive signal for Vietnamese seafood exporters in the year-end period. Taking advantage of geographical distance and freight costs, there are now more than 100 Vietnamese seafood enterprises exporting to the Philippines.
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By Hayati (Meksea Team)
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