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3 billion; Tuna exports were the second fastest growing with a 40% increase to $941 million
.
Squid and octopus exports also increased by a significant 30 percent, reaching $704 million, with shrimp exports reaching the highest value, exceeding $4 billion, but up only 14 percent
year-on-year.
In terms of export markets, the United States is still the largest export market for Vietnamese aquatic products, with an export value of more than 2 billion US dollars, an increase of nearly 10%
year-on-year.
Vietnam's seafood exports to the Chinese and Japanese markets are equivalent at about US$1.
6 billion
.
Exports to the EU market amounted to US$1.
2 billion, exports to the South Korean market amounted to US$882 million, and exports to the parties of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership accounted for more than 26% of Vietnam's total aquatic product exports, nearly US$2.
7 billion, an increase of 34%
year-on-year.
year-on-year.
Vietnam's seafood exports to the Chinese and Japanese markets are equivalent at about US$1.
6 billion
.
Exports to the EU market amounted to US$1.
2 billion, exports to the South Korean market amounted to US$882 million, and exports to the parties of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership accounted for more than 26% of Vietnam's total aquatic product exports, nearly US$2.
7 billion, an increase of 34%
year-on-year.
November 2022 is the first time since the beginning of 2022 that the growth rate of aquatic product exports will go negative, falling by more than 14%
year-on-year.
However, by the end of November, Vietnam's aquatic exports had reached US$10.
2 billion, an increase of nearly 28%
year-on-year.
year-on-year.
However, by the end of November, Vietnam's aquatic exports had reached US$10.
2 billion, an increase of nearly 28%
year-on-year.
Specifically, in November, Vietnam's seafood exports amounted to only US$780 million, and exports of major products such as shrimp, fish and tuna fell sharply by 20-26%
year-on-year.
Squid, octopus and various marine fish continued to grow, with growth rates of 9 per cent and 6 per cent
, respectively.
year-on-year.
Squid, octopus and various marine fish continued to grow, with growth rates of 9 per cent and 6 per cent
, respectively.
Le Yong, media director of the Vietnam Seafood Processing and Export Association, pointed out that weaker market demand in the second half of 2022 led to a slowdown
in export growth.
Aquatic exports are expected to decline further in December and this trend is likely to continue into 2023
.
(End)
in export growth.
Aquatic exports are expected to decline further in December and this trend is likely to continue into 2023
.
(End)
