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
1531 View
Other Articles
Exclusive Promotion Month on Zalo OA – Get 15% Off Aqua Mina Knife Gate Valves
Application of Round Tanks in Recirculating Aquaculture Systems (RAS): A Breakthrough Solution for Productivity
Vietnam's shrimp exports exceed $2.3 billion
Aqua Mina – Exclusive July Offers for Zalo OA Customers
Common Mistakes in Positioning Paddlewheel Aerators That Reduce Pond Efficiency
Standard Installation Process of HDPE Liners for Aquaculture Ponds
Next-Generation Paddlewheel Aerators – The Energy Efficiency Trend in Aquaculture
Doors open wide for Indian seafood to enter the EFTA market.
Cà Mau Sets Its Sights on Shrimp Festival 2026: Elevating the Vietnamese Shrimp Brand in the International Market
AQUA MINA accompanies the 3rd Traditional Badminton Tournament of Teacher Thanh's Students Community – 2026 competing for the AQUA MINA Cup
.jpg)