Seafood exports estimated at US$8 bln in 2017
Vietnam’s export turnover of aquatic products is forecast to reach US$8 billion in 2017, up 14 percent year on year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
July export was estimated at 714 million USD in July, raising the total in the first seven months of this year to 4.32 billion USD, up 17 percent and 15 percent year-on-year, respectively.
Two-digit growth was seen in the key export markets, like Japan, China, the Republic of Korea, Russia, Canada, and Brazil, mostly thanks to increase in the exports of shrimp. However, a remarkable fall was recorded in the US and Australia.
According to VASEP, export turnover of aquatic products is expected to continue growing in the remaining months of the year, however, it will be affected by difficulties in the US market.