Demand for seafood in Europe is still high despite turbulent global economies and public debts across the continent. Thanks to increasing seafood import volume and higher selling price, Viet Nam’s seafood exports increased in most major markets, remarkably China 49.9%, South Korea 36.9%, the US 26.5%, and EU 18.3%.
Exports to Japan increased by 4%; however, the decision of Japanese government to inspect 30% of seafood imported from Viet Nam for Enrofloxacin residue is causing difficulties for Vietnamese exporters.
Shrimp remained the most important seafood item with export value of US$1.69 billion in the first nine months. The US and Japan, the two largest markets, accounted for respectively 24% and 23.5% of total export value. Exports to the former decreased by 3.9%, while export to the later up 7.7%.
Shrimp exports to EU increased by 34.5%, making it one of the fastest growing markets. Exports to China and South Korea also increased strongly and stably in recent months.
Exports of Pangasius – the second most important seafood product - reached US$1.316 billion in Jan-Sep.
Exports to Brazil and the US increased respectively by 142% and 100%. Exports to EU, the most important market of Viet Nam’s pangasius, has not fully recovered. Spain and Poland imports of Pangasius continued to decline. However, exports to some non-traditional markets increased significantly (e.g. the Philippines, Saudi Arabia, etc.)
Viet Nam’s seafood industry still develops despite gloomy global economic condition. It is expected from now to the end of the year, seafood export will keep on increasing thanks to high demand in global market.