The Vietnam Fisheries Processing and Export Association expects aquatic product exports to reach US$8.8 billion in 2021

Vietnam’s “Vietnam Economy” reported on February 22 that the Vietnam foodmate.
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Due to the changes in the market situation, the export of Vietnam’s main export products such as white leg shrimp, sea shrimp, marine fish and crab crabs has increased, and the export of chamois has dropped sharply, and the export of tuna, squid and octopus has declined slightly.

 

　　The main importing countries of Vietnamese aquatic products, such as the European Union, China, South Korea and Japan, only slightly reduced their imports from Vietnam by 3-6%, while the largest market, the United States, still maintained a 10% growth.
In addition, imports of aquatic products from Vietnam in other markets such as Russia, the United Kingdom, Australia and Canada have increased by 10-32%.

 

　　Vietnam’s aquatic product exports dropped sharply by 10% and 7% in the first quarter and the second quarter of 2020, but recovered and increased since the third quarter.
By the end of 2020, the country's aquatic product output reached 8.
4 million tons, a slight increase of 3% year-on-year.
The export value of aquatic products reached US$8.
4 billion, a year-on-year decrease of 1.
9%.
Among them, aquaculture products such as shrimp and chayu accounted for 62%, with an export value of 5.
2 billion U.
S.
dollars, and fishing aquatic products accounted for 38%, with an export value of 3.
2 billion U.
S.
dollars.

 

　　VASEP predicts that the export of aquatic products in 2021 will have a better outlook than in 2020, with an estimated export value of US$8.
8 billion, an increase of nearly 5%.