Trang tiếng Việt
Export revenue of Vietnam seafood to reach USD 5.73 billion

VIETRANov_-_Xuat_khau_thuy_san_2DE - According to the statistics of the General Department of Vietnam Customs, during the first 10 months of 2016, the export revenue of Vietnam seafood has reached USD 5.73 billion, a climb by 6.4% in comparison to the same period in 2015. The export value of three most important seafood products, including shrimp, pangasius and tuna, has slightly increased in comparison to the same period in 2015. Difficulties in producing materials combined with tough competition in most big export markets are main reasons of the slight change.

 

Vietnam’s exported seafood has been present in 45 countries in the world in which biggest export markets include the US, Japan, Korea, China, Thailand, Canada, German, the UK and the Netherlands. The US keeps being the biggest export market of Vietnam seafood with the export revenue of USD 1.2 billion, accounting for 21% of the total export revenue. Japan is the second biggest market with USD 875.29 million, accounting for 15.3%. China stays the third position with USD 539.82 million, accounting for 9.4% of the total export revenue. Some markets, which have the high growth rate of exports in comparison to the same period in 2015, include Indonesia 60.9%, Ukraine 49.4%, Iraq 29.3% and Russia 18.9%.

 

Among the three most important exported products, export revenue of shrimp obtained USD 2.58 billion, increasing by 5.2% compared to the same period in 2015 thanks to the export growth of three main export markets which are the US, EU and China. The US keeps being the biggest export market of Vietnam’s shrimp, accounting for 23.4% of the total export revenue of shrimp. According to the International Trade Center (ITC), Vietnam is currently the fourth biggest exporter of shrimp to the US. Besides, China is considered as the potential market of Vietnamese exporters of shrimp in 2017. Until the end of October 2016, export value to this market has increased by 24.7% in comparison to the same period in 2015. The demand for shrimp in this market is strongly rising while the production is decreasing due to epidemic decease.

 

The US and China are also the two biggest export markets for pangasius. During the first 10 months in 2016, the total export revenue of pangasius reached USD 1.39 billion, slightly increasing by 6.4% in which the US and China accounted for 39.9%. Trade barriers for anti-dumping price and the catfish inspection program has not yet affected the exports of pangasius of Vietnam to the US. Currently, in this market, Vietnam still bears the competition of tilapia exported by China. In the mean time, the gap between China and the biggest export market, the US, has been narrowed. It is predicted that in 2017, China would replace the US to be the biggest export market of Vietnam’s pangasius.

 

The remaining important product, tuna, has gained the export revenue of USD 410 million, increasing by 5.2%. Until now, tuna exports to some big markets has not yet improved much, which increases by 0.6% in the US, 4.9% in the EU, 16.8% in ASEAN, 22.7% in Israel and 54.6% in China in comparison to the same period in 2015. The world demand stays the same, the supply is stable and competition rises in main markets. Therefore, the export revenue of tuna in 2016 might increase by only 5 to 7% compared to 2015.



Newer news items:
Older news items:

 
© 2011 Vietnam Trade Promotion Agency - VIETRADE
 This site best viewed with Google Chrome