Aquatic exports surge by 47% throughout October
VOV.VN - Vietnamese fisheries exports in October soared by 47% to US$918 million compared to the previous month, a figure nearly equivalent to the same period from last year, according to statistics released on November 8 by the Vietnam Association of Seafood Exporters and Producers (VASEP).
These figures show that seafood exports enjoyed a gradual recovery following a sharp decline for two consecutive months due to the country implementing social distancing measures to deal with the impact of the COVID-19 pandemic.
Most notably, major seafood export items have increased significantly, including tuna, squid and octopus (up 18%), crabs (up 13%), and shrimp (up 1.6%).
Despite this growth, tra fish (pangasius) exports endured a fall of 18% due to a shortage of raw materials, with production and processing activities being negatively impacted by the COVID-19 pandemic.
October alone witnessed the strongest export growth, with the United States, the EU, the Republic of Korea, and Canada all seeing an increase of 31%, 9%, 20%, and 17%, respectively. In contrast, exports to China continued to experience a downward trajectory of 43%.
During the 10-month period, Vietnamese seafood exports expanded by 2.4% to US$7.1 billion against the same period from last year, of which shrimp, pangasius, tuna, and squid products also saw growth.
Other types of aquatic products also dropped by nearly 1%, while bivalve mollusc exports maintained a high growth rate of 39%.
Among the country’s major seafood export markets, the US accounted for 24% of export turnover with nearly US$1.7 billion, an increase of 25%, followed by the Republic of Korea, Japan, China, and the EU.
