Seafood exports earned 1.3 billion USD in 2 months, expected to recover strongly
According to information from the General Department of Customs (Ministry of Finance), Ministry of Industry and Trade and VASEP, seafood export value in the first 2 months of this year increased by 22.3% compared to the same period in 2023 when reaching 1.3 billion USD.
Of which, shrimp exports in January reached 29,000 tons, worth 239.36 million USD, up 78.8% in volume and 71.8% in value. Pangasius and basa fish exports increased by 119.6% in volume and 97.1% in value. In addition, exports of major aquatic products such as tuna, squid, fish cakes... all increased sharply compared to the same period in 2023.
Nguyen Thi Sac, President of VASEP, said that currently seafood businesses are still facing difficulties such as oversupply, high inventory, low purchasing prices, great competitive pressure…
However, the growth in seafood exports in the first month of the year makes businesses believe and expect a stronger recovery of the seafood industry this year. The seafood business community has spent decades making efforts from raw materials, finance, production, certification and quality to penetrate the most demanding markets such as Europe, the US, Japan and China.
Besides, after the Covid-19 epidemic, seafood businesses are now exploiting and developing new and potential products and markets such as India, the Middle East, ASEAN…
VASEP Chairman said that, with the efforts, flexibility and adaptation of seafood businesses and the support of the Government and ministries and branches, seafood exports this year will be higher than 2023, possibly to the mark of 9.5 billion USD.
Seafood exports once set a historic milestone in 2022 with more than 11 billion USD, but in 2023 they have dropped to just over 9 billion USD.
According to VASEP, high inflation, falling demand, large inventories, falling export prices and difficulties and inadequacies in domestic production and business such as: increased input costs for the entire supply chain, IUU yellow card affects exports to European markets... Those are the basic reasons causing seafood exports to decrease by 18% compared to 2023.
Cre: Thanh Niên
Ngày đăng : 27/03/2024
912 View
Other Articles
Minerals: An Essential Foundation for the Comprehensive Development of Shrimp
Seafood Exports to the EU: Updates on New Regulations and Support Tools from AGRINFO
Sharing: The Land of Giant Freshwater Prawns in Transformation
Removing obstacles for the high-tech shrimp farming project
Sharing: Fresh Shrimp Prices Rise, Farmers Rejoice in Ho Chi Minh City
Tilapia prices in Brazil continued to decline in July due to weak demand
Sharing: The Fisheries Sector Focuses on Emergency Response to Typhoon No. 5
Domestic market – The long-term stronghold of Vietnamese pangasius
Opening of Vietfish 2025 – the gathering place of the aquaculture industry’s finest
Shrimp exports in the first 7 months: Accelerating in Asia, facing strong pressure from the U.S
.jpg)