Q1 sees China, US and Japan as top importers of Việt Nam's fishery products
Processing tra fish. China, the US and Japan were the primary importers of Vietnamese fishery products in the first quarter of this year. — VNA/VNS Photo |
HÀ NỘI — China, the US and Japan stood out as the primary importers of Vietnamese fishery products in the first quarter of this year, as reported by the Vietnam Association of Seafood Exporters and Producers (VASEP).
Exports to the US saw the highest increase in the period, by 16 per cent, to US$330 million, with shrimp shipments rising by 15 per cent, and that of tuna, tra fish and crab surging by between 13 per cent and 53 per cent, respectively.
Meanwhile, exports to China and Hong Kong (China) increased by 15 per cent. China was the biggest importer of Vietnamese tra fish, white-legged shrimp, lobster, anchovy and crabs.
According to VASEP, as China is tightening control of lobster import from Ecuador, Việt Nam sees an opportunity to increase its exports. In the first quarter of this year, Việt Nam’s lobster export to China was seven times higher than that of the same period last year. Moreover, its export of white-legged shrimp also increased 2.5 times.
Việt Nam’s exports of fishery products to Japan also saw positive signals, VASEP’s communication director Lê Hằng said.
The export of Vietnamese white-legged shrimp, crab and tra fish to Japan picked up by 20 per cent, 23 per cent and 25 per cent, respectively, compared to the same period last year.
Exports of Vietnamese shrimp and tra fish to the EU and the Republic of Korea (RoK) have not seen clear signs of recovery. However, Việt Nam’s tuna shipments to these markets grew positively - up 27 per cent to the EU and up 15 per cent to the RoK.
In general, tuna exports to major markets saw good growth in the first quarter with increases of 30 per cent to the US and 9 per cent to Japan.
Hằng said that after international fishery product fairs held in the EU, the US and Japan, it’s expected that Vietnamese exporters can gain more orders and Vietnamese products can be sold at better prices.
VASEP forecasted that in 2024, Việt Nam’s shrimp industry will continue to compete with Ecuador and India in terms of prices and supply. Oversupply will likely happen in the first half of this year. Meanwhile, tra fish inventory in the US, China and the EU will shrink and export prices will increase again in those markets.
As Việt Nam’s fishery exports are expected to gradually recover in the second half of this year, the country’s exports in the whole year 2024 is estimated to reach $9.5-$10 billion with shrimp bringing home $4 billion, tra fish $1.9 billion and other fishery products $3.6-$3.8 billion, according to VASEP.
See also
Merger of two railways to be completed by the end of this year
11:00 | 08/05/2024 Economy
Retail sales, services revenue up 8.5 per cent in four months
06:00 | 08/05/2024 Economy
60 Vietnamese solar companies investigated for anti-dumping in US
06:00 | 08/05/2024 Economy
Central beach city to lure investment from potential partners
06:00 | 07/05/2024 Economy
Banks strengthen information security systems
06:00 | 06/05/2024 Economy
Agro-forestry-aquatic product exports post trade surplus of US$4.74 billion in four months
06:00 | 05/05/2024 Economy
See more news
Difficulties faced in negotiations of power purchase agreements EVN
06:00 | 04/05/2024 Economy
DPPA boots renewable energy, competitive electricity market
15:06 | 03/05/2024 Energy
Ministry asks to increase electricity supply by 4.4 billion kWh this year
09:32 | 03/05/2024 Economy
Foreign investment disbursement hits record high in the first four months
06:00 | 03/05/2024 Economy
Việt Nam secures remarkable economic successes since national reunification
09:54 | 02/05/2024 Economy
SCG ranked among top 10 FIEs in VN
06:00 | 02/05/2024 Economy
VN needs drastic reforms to create firm ground for economic growth: experts
06:00 | 01/05/2024 Economy
Tra fish export to UAE jumps 67 per cent in Q1
06:00 | 30/04/2024 Economy
Policies needed to encourage e-commerce to embrace circular economy
07:36 | 29/04/2024 Economy
Ninh Thuận eyes power from green hydrogen
07:30 | 29/04/2024 Economy
Petrovietnam announces two new oil and gas fields
14:12 | 08/05/2024 News and Events
Thai Nguyen energizes rural industrial enterprises
14:00 | 08/05/2024 Industry promotion
Merger of two railways to be completed by the end of this year
11:00 | 08/05/2024 Economy
Timber and wood product exports grow
09:06 | 08/05/2024 Major exports
Vietnam, Australia eye to step up trade, investment cooperation
08:37 | 08/05/2024 Vietnam and other regions
Multimedia
Green transformation in tourism starts with correct understanding, awareness: expert
06:00 | 07/05/2024 Tourism
Vietnamese celebrated director to head jury at Shanghai International Film Festival
06:00 | 07/05/2024 Lifestyle
HCM City achieves $127 million in tourism revenue over five-day holiday
06:00 | 04/05/2024 Tourism
Optimising UNESCO titles for national development
06:00 | 04/05/2024 Lifestyle
7 places that are worth a visit in Điện Biên
06:00 | 05/05/2024 Tourism
Decree fosters industrial cluster development
06:00 | 07/05/2024 Policy
Decree regulates conditions for cars from abroad to Việt Nam
06:00 | 06/05/2024 Policy
Fresh policies come into effect in May 2024
06:00 | 03/05/2024 Policy
Employment Law to be revised for better assurance of employees’ interests
10:53 | 01/05/2024 Policy
Thai Nguyen energizes rural industrial enterprises
14:00 | 08/05/2024 Industry promotion
IC development challenges Dong Nai Province
14:00 | 07/05/2024 Industry promotion
Textile and garment businesses face difficulties due to lack of domestic supply
05:00 | 07/05/2024 Industry
Automobile industry reported strong sales in Q1
06:00 | 05/05/2024 Industry
Foreign, domestic investment in Ba Ria - Vung Tau rises sharply
09:22 | 07/05/2024 FDI
Foreign investors encouraged to invest in petroleum storage infrastructure
08:27 | 05/05/2024 Investment
Cambodian media values Vietnam's foreign investment attraction
09:50 | 03/05/2024 Investment
Thai Binh province rolls out red carpet for Dutch businesses
10:45 | 30/04/2024 FDI
MoF refuses to cut import tax for some materials of animal feed production
09:36 | 07/05/2024 Finance-Banking
Government proposes extending VAT cut until year end
09:10 | 05/05/2024 Finance-Banking
Stock market upgrade to help Vietnam lure another 10 bln USD in investment
09:23 | 03/05/2024 Stock Market
VND30-trillion credit package for forestry, fisheries businesses
06:00 | 30/04/2024 Finance-Banking
Is it possible to deny collection for waste unsorted at source?
06:00 | 07/05/2024 Environment
PM asks for effective preventive solutions against forest fires
06:00 | 05/05/2024 Environment
Heat records broken, more hot weather forecast for May
06:00 | 04/05/2024 Environment
Vietnam faces climate change challenges
06:00 | 02/05/2024 Environment
2024 VinFuture Prize records 1,469 nominations
06:00 | 07/05/2024 Science - Technology
HCM City: Centre for Fourth Industrial Revolution to debut in September
06:00 | 05/05/2024 Science - Technology
Vietnam’s digital products to go global
06:00 | 04/05/2024 Science - Technology
Digital transformation events for banking sector slated for May
06:00 | 03/05/2024 Science - Technology
Bình Thuận works to stop fishing vessels from infringing on foreign waters
06:00 | 08/05/2024 Province
Điện Biên Phủ Victory shows strength of intelligence, public consensus: Officer
06:00 | 07/05/2024 Society
HCM City works to put Metro Line No. 1 into operation soon
06:00 | 06/05/2024 Society
Online administrative procedures to be processed on one app only from July 1
08:49 | 04/05/2024 Society
Habeco, northern beer Industry icon, reports largest quarterly loss in four years
06:00 | 07/05/2024 Vietnamese Brands
PV Gas unions launch book donation program
14:00 | 06/05/2024 Companies
Vietnam Airlines reports profit in H1
06:00 | 05/05/2024 Vietnamese Brands
Phenikaa targets to train over 8,000 semiconductor chip design engineers by 2030
06:00 | 04/05/2024 Vietnamese Brands
“The Road to Dien Bien Phu” full of emotion
14:59 | 07/05/2024 Lifestyle
Vietnamese celebrated director to head jury at Shanghai International Film Festival
06:00 | 07/05/2024 Lifestyle
HCM City launches international photo contest
06:00 | 05/05/2024 Lifestyle
Optimising UNESCO titles for national development
06:00 | 04/05/2024 Lifestyle
Fansipan Rose Festival 2024 offers tourists fascinating experiences
06:00 | 08/05/2024 Tourism
Green transformation in tourism starts with correct understanding, awareness: expert
06:00 | 07/05/2024 Tourism
7 places that are worth a visit in Điện Biên
06:00 | 05/05/2024 Tourism
HCM City achieves $127 million in tourism revenue over five-day holiday
06:00 | 04/05/2024 Tourism