Vietnam’s seafood exports to the EU reached more than 500 million USD

Bởi Meksea Team - July 14, 2022

MEKSEA.COM – According to the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood exports to the EU reached nearly 562 million USD in the first five months of the year, up 45% over the same period in 2021.


Vietnam's seafood exports to the EU reach more than 500 million USD (1)


The Netherlands maintains the largest seafood import market of Vietnam, reaching 127.6 million USD, up 58% over the same period in 2021. Germany ranked second with 99.2 million USD, followed by France with 43.5 million USD. And Italy reached 42.1 million USD.

Shrimp products still account for the highest proportion in the structure of seafood exports to the EU, accounting for 54% of the total export value to this market, reaching 303 million USD, up 51% over the same period in 2021. Meanwhile, vannamei shrimp reached 236 million USD, accounting for 76% of the market share of shrimp exports to the EU, up 46%. Import of black tiger shrimp from Vietnam increased by 75%, reaching over 50 million USD, accounting for 16.5% of shrimp exports to this block.

For pangasius, exports of this item to the EU this year rebounded strongly with an increase of 89% in the first 5 months of the year, reaching nearly 89 million USD, accounting for 16% of seafood export value to the EU. This is a remarkable change compared to the figure of 10% in 2021. In which, pangasius exports to the Netherlands increased by 80%, to Germany increased by 89%, to Spain increased by 90%, and to Belgium increased. 194%… frozen pangasius fillet and cut (HS code 0304) accounted for 93% with 82.5 million USD, up 93% over the same period in 2021. Pangasius whole round exports accounted for nearly 5%, the rest was processed pangasius accounted for 2%.


Vietnam's seafood exports to the EU reach more than 500 million USD (1)


Besides, tuna exports accounted for 12%, reaching 68 million USD, up 9%. Tuna exports to the Netherlands and Belgium increased sharply, up 59% and 70%, respectively. Tuna exports to the EU are mainly loin, frozen fillet 63% and canned tuna 25%. In the first 5 months of the year, exports of frozen loin and fillets increased by 77%; canned tuna increased by 14%.

According to VASEP, the EU is a seafood consumption market that focuses on sustainability and health. Europeans increasingly prefer white fish products because of health factors, while the awareness of environmental protection and seafood resources is increasing, so the opportunity for imported farmed fish is greater.


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By Hayati (Meksea Team)




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