2020 aquatic product exports predicted to hit 8.6 bln USD
Vietnam may earn 8.6 billion USD from exporting aquatic products this year, the same as the figure in 2019, the Vietnam Association of Seafood Exporters and Producers (VASEP) has forecast, adding that it would be a result beyond the expectations of most given the COVID-19 pandemic.
HCM City (VNA) - Vietnam may earn 8.6 billion USD from exporting aquaticproducts this year, the same as the figure in 2019, the Vietnam Association ofSeafood Exporters and Producers (VASEP) has forecast, adding that it would be aresult beyond the expectations of most given the COVID-19 pandemic.
Export turnover stood at 7.8 billion VND in thefirst 11 months of the year; also the same year-on-year.
After significant declines at the beginning of theyear due to the pandemic, aquatic product exports began recovering in July,with November posting impressive year-on-year growth of 13 percent.
Shrimp remains the main export item, with double-digitmonth-on-month growth seen since June, including a notable 25 percent inSeptember and October and 28 percent in November. Exports totalled 3.5 billionUSD in the first 11 months, up 14 percent year-on-year.
Meanwhile, overall seafood shipments have recoveredsince August and reached 2.9 billion USD in the first 11 months, down 1.2percent year-on-year.
The US, the EU, and China continued to be themain importers of Vietnam’s aquatic products, with growth of 25 percent, 30percent, and 15 percent, respectively.
Vietnam is estimated to earn 1.65 billion USDfrom aquaculture exports to the US, 992 million USD to the EU (excluding theUK), and 1.48 billion USD to China./.
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Shrimp processing for export (Source: VNA) 
