Bright prospects for aquatic product exports to China
Vietnam’s aquatic product exports to China rose 19.7 percent year-on-year to reach 1.1 billion USD in the first 11 months of 2019, according to the General Department of Vietnam Customs.
Hanoi (VNA) – Vietnam’s aquatic productexports to China rose 19.7 percent year-on-year to reach 1.1 billion USD in thefirst 11 months of 2019, according to the General Department of VietnamCustoms.
This is the second time the sector has recordedover 1 billion USD in export revenue to the world’s second largest economy.
With the aforesaid outcome, China continued tobe the fourth biggest importer of Vietnamese aquatic products, after the US, Japan and the European Union(EU).
Notably, Vietnam’s aquatic product exports toChina neared the export value to the EU (1.1 billion USD versus 1.15 billionUSD) in January-November.
Therefore, with the good growth momentum, Chinais likely to surpass the EU to enter the top 3 export markets of Vietnameseaquatic products in the coming time./.
Vietnam raked in 221.47 million USD from exporting over 28,000 tonnes of cashew nut to China in the first half of this year, up 24.8 percent in value and 53.2 percent in volume year-on-year, according to the General Department of Customs.
Vietnam’s shrimp export value to China in July saw a year-on-year increase of 48 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam exported 42,199 tonnes of cashew nuts worth 327 million USD to China in the first eight months of 2019, up 60.8 percent in volume and 35.4 percent in value year-on-year, according to the Ministry of Industry and Trade.
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Processing tra fish for export (Photo: VNA) 
