Aquatic product exports see slight increase in September
The export value of aquatic products is estimated at 862 million USD in September, equal to that in the same period last year, and 16 million USD higher than that of August, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
HCM City (VNA) – The export value of aquatic products is estimatedat 862 million USD in September, equal to that in the same period last year,and 16 million USD higher than that of August, according to the VietnamAssociation of Seafood Exporters and Producers (VASEP).
In the January-September period, the revenue reached 6.6billion USD, down 22% year-on-year.
VASEP's Communications Director Le Hang said that inSeptember, some key exports like shrimp and tuna have seen good recovery to thelevels of the same month last year. Notably, tra fish exports recorded a year-on-yeargrowth rate of 9%.
Hang said that in the first nine months of this year, shrimpexports fetched 2.55 billion USD, 25% lower than that of the same period of2022.
However, in recent months, exports to the two key markets ofthe US and China have increased, and some main markets in the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP) such as Japan,Australia, and Canada are also increasing shrimp imports from Vietnam.
Similarly, tra fish exports are seeing recovery in suchmarkets as China, Mexico, Brazil, the Netherlands, the UK and the US.
Tuna processing for export (Photo: VNA)
In the first three quarters, the value of exports to the threebiggest importers of Vietnamese aquatic products, namely the US, China andJapan, all exceeded the 1 billion USD mark, of which the US was at the top withnearly 1.2 billion USD, followed by China with 1.15 billion USD, and Japannearly 1.1 billion USD, down 33%, 15% and 14% year-on-year, respectively.
Ho Quoc Luc, former Chairman of VASEP, Chairman of Sao TaFood Joint Stock Company, said that exports in the last months of the year willbe difficult to make a breakthrough even though the decline has gradually narrowedover the months. He forecast that shrimp exports in 2023 would reach onlyabout 85-90% of that last year.
VASEP expected that the country’s aquatic export revenuewould be around 9.2 – 9.3 billion USD this year if there are no unexpectedfluctuations in the market and the raw material source does not decline sharply./.
Vietnam's total export-import turnover of agro-forestry and aquatic products in the eight months of this year was estimated at 59.69 billion USD, reported the Ministry of Agriculture and Rural Development.
Vietnam’s aquatic export recovery has yet to meet expectations although the negative growth rate has been eased, prompting businesses to further explore small markets in order to raise their sales.
Aquatic product exporters have been advised to make the most of every market opportunity in the remaining months of this year to speed up the recovery process.
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Tra fish processing for export (Photo: VNA) 
Tuna processing for export (Photo: VNA) 
