Seafood exports increase slightly in first 7 months
Vietnam’s revenue from seafood exports in July is estimated at US$592 million, bringing the total figure in the first seven months of 2013 to US$3.41 billion, a year-on-year increase of 0.7 percent.
The US remains Vietnam’s largest seafood importer, accounting for 20.5 percent of the total, up 6 percent from the same period last year to over US$600 million.
Exports to China, ASEAN members and Brazil also grew significantly, by 27.7 percent, 11.8 percent and 76.5 percent, respectively.
Meanwhile, there was a decline in seafood exports to the EU (down 7.8 percent), Japan (down 1.3 percent) and the Republic of Korea (down 19.5 percent), due to the impacts of economic recession as well as technical and tax barriers in these markets.
Experts forecast that seafood exports will pick up in the coming months when the Christmas and New Year season is drawing near.
According to the Directorate of Fisheries, Vietnam’s total seafood production in the seven months rose 2.5 percent from the same period last year to 3.3 million tonnes.
Exports to China, ASEAN members and Brazil also grew significantly, by 27.7 percent, 11.8 percent and 76.5 percent, respectively.
Meanwhile, there was a decline in seafood exports to the EU (down 7.8 percent), Japan (down 1.3 percent) and the Republic of Korea (down 19.5 percent), due to the impacts of economic recession as well as technical and tax barriers in these markets.
Experts forecast that seafood exports will pick up in the coming months when the Christmas and New Year season is drawing near.
According to the Directorate of Fisheries, Vietnam’s total seafood production in the seven months rose 2.5 percent from the same period last year to 3.3 million tonnes.