Aquatic exports post 34-percent-growth in 10 months
Aquatic exports post 34% growth in 10 months (Photo: VNA)
Vietnam raked in 9.5 billion USD from exporting aquatic products in the first 10 months of 2022, up 34% year-on-year, the Vietnam Association of Seafood Exporters and Producers (VASEP) reported.
Of the figure, shrimp exports earned nearly 3.8 billion USD, an increase of 19% from the same period last year, and are expected to top 4.4 billion USD in 2022, 14% higher than that of 2021.
Shrimp exports earn nearly 3.8 billion USD in the first 10 months (Photo: VNA)
Tra fish exports recorded an impressive growth in the reviewed period, with the 10-month turnover hitting nearly 2.2 billion USD, surging by 80% year-on-year. This item’s yearly export turnover is forecast to reach over 2.5 billion USD, up 58% compared to 2021.
According to businesses, in 2022, the global inflation and the Russia-Ukraine conflict have sharply increased the export of affordable white fish products such as tra fish. The import value of tra fish products from Vietnam have increased by 40-200% this year.
Meanwhile, tuna export during Jan – October was estimated at 890 million USD, up 50% over the same period. It is forecast that by the end of 2022, tuna will join the group of the over-1-billion-USD exports for the first time.
Squid and octopus products also witnessed stable export growths in the last 10 months, reaching 625 million USD, up 32% year-on-year. The figure is expected to rise by 22% to 734 million USD in 2022.
The country’s aquatic export turnover is predicted to top 10 billion USD by the end of November – the record of Vietnam's seafood industry after over 20 years.
According to Vice Director of VASEP’s Trade Promotion and Training Centre Le Hang, the aquatic export turnover will account for 3% of the country’s total in 2022./.
Related News
Fisheries exports estimated at 1.85 billion USD in Q1
14:45 | 04/04/2023 Import-Export
Exports face many difficulties
13:29 | 04/04/2023 Import-Export
Dong Nai Customs: understand the business situation to develop effective support solutions
13:27 | 04/04/2023 Customs
State-owned enterprises expand production and export
14:41 | 28/03/2023 Import-Export
Latest News
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
More News
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export
HCM City’s industrial production index down 0.9% in Q1
14:47 | 04/04/2023 Import-Export
Quang Ninh aims to attract quality FDI inflows
14:43 | 04/04/2023 Import-Export
Manufacturing enterprises increase their competitiveness thanks to digital transformation
13:28 | 04/04/2023 Import-Export
32nd Việt Nam Expo promises to boost business linkages
14:19 | 03/04/2023 Import-Export
Prevention of price risks before news that Indonesia increases rice imports in reserve
09:52 | 03/04/2023 Import-Export
Japanese investors highly appreciate Vietnamese property market
17:41 | 02/04/2023 Import-Export
Seafood enterprises propose to remove obstacles from exporting to the EU
10:34 | 02/04/2023 Import-Export
Need to effectively use tools to prevent exchange rate risks in import and export field
10:32 | 02/04/2023 Import-Export
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export