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    Home > Food News > Food Articles > Vietnam's aquatic exports exceeded US$10 billion

    Vietnam's aquatic exports exceeded US$10 billion

    • Last Update: 2022-12-29
    • Source: Internet
    • Author: User
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    According to Vietnam's Ministry of Agriculture and Rural Development, in the first 11 months of 2022, the country's aquatic products exports reached US$10.
    14 billion, a year-on-year increase of 27%.

    Among them, the export value of Chayu reached 2.
    2 billion US dollars, a year-on-year increase of nearly 62%; The export value of shrimp reached 4.
    1 billion US dollars, a year-on-year increase of 14.
    6%.

     
    The significant increase in Vietnam's fish exports was driven by the largest year-on-year increase in the average price of fish, reaching 50%.

    In addition, as the Russian-Ukrainian conflict has limited the supply sources of whitefish, Vietnamese fish export enterprises have seized this opportunity to increase market share
    .
     
    So far, Vietnam's shrimp exports have generally maintained good growth due to strong growth
    in the first half of the year.
    In the second half of this year, shrimp exports declined
    due to reduced market demand and lack of domestic raw materials.
    In addition, there is strong competitive pressure on the price of shrimp exports from Ecuador and India, and the average export price of shrimp in Vietnam has not increased
    as strongly as Chayu.
     
    It is worth noting that Vietnam's tuna exports are expected to reach a record high of US$1 billion
    in 2022.
    The export value of squid, cuttlefish, marine fish and other products all achieved double-digit growth
    .
     
    However, aquatic export activity slowed in the second half of the year, especially since the fourth quarter, when markets suffered inflationary shocks, reducing imports of commodities, including aquatic products
    .
    Many markets have had to face high inflation, sharp increases in energy and food prices, and companies predict that aquatic export activities will face many challenges
    in the coming period.
    (End)
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