RoK represents largest importer of Vietnamese squid, octopus
VOV.VN - The Republic of Korea (RoK) makes up Vietnam’s largest importer of squid and octopus, accounting for 41% of the country’s total export value, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnamese squid and octopus exports to the RoK recovered strongly in the fourth quarter of 2021, with the value rising 20% compared to the same period from 2020 to reach US$82.1 million.
Overall, exports to the market recorded a surge of roughly 7% to reach US$247.9 million in value last year, with frozen octopus accounting for 78% of the total export value.
Industry insiders say tariff incentives have contributed to helping the country increase its export of fresh and frozen octopus to the RoK.
Data released by the website kita.org indicate that Vietnam is the largest supplier of frozen octopus to the RoK, making up 43% of the overall market share, followed by China with 41%.
With these positive signs, Vietnamese enterprises can expect to increase the export of aquatic products to the RoK this year.
