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Vietnam Business » Vietnam Import Export News » Seafood export values to increase

Seafood export values to increase

The total export value of seafood is expected to increase by 13.4 percent to 4.8 billion USD this year, the Ministry of Agriculture and Rural Developments Centre of Informatics and Statistics has announced.

World prices for many types of seafood had increased sharply since early this year due to a short supply, the centre said. The shrimp price jumped by 40 percent to 14 USD per kilo in the US while tra fish fillet saw a 20 percent price jump to 3.5 USD per kilo against April prices. The shrimp price in Japan also surged by 18 percent over the early months of the year. The oil spill in the Gulf of Mexico and crop failures in shrimp exporting countries, including Thailand and India , resulted in advantages for Vietnam s seafood export enterprises, said the Vietnam Association of Seafood Exporters and Producers (VASEP). In the first seven months of this year, shrimp overtook tra for first place in export value among Vietnam s key seafood export products, the ministry said. The export value of shrimp in the first seven months had a year-on-year increase of 22 percent to 717 million USD, accounting for 35.5 percent of the countrys total seafood export value. The value of tra exports and tuna exports jumped by 7.9 percent and 88 percent, respectively, in the first seven months. In that period, the total national seafood export value increased by 11.6 percent to 2.45 billion USD over the same period last year. Vietnam has exported seafood to 143 countries and territories, with the European Union being the largest export market so far. Seafood exports to the EU reached 164,000 tonnes for 502 million USD in earnings, accounting for 24.5 percent of the countrys total. Other major export markets included the US , Russia , Ukraine , Japan , China and ASEAN countries.

Vietnam Business And Financial News Network. Source [english.vietnamnet.vn]

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