Seafood exports to Russia see signs of recovering
VOV.VN - Seafood exports to the Russian market have recorded strong signs of recovery, with export revenue this year estimated to reach over US$190 million.
August alone witnessed seafood export growth to Russia double compared to the same period from 2021.
The Russia-Ukraine conflict beginning at the end of February had dealt a blow to Vietnamese seafood exports, causing them to nosedive 86% and 46% in March and April respectively compared to the same period from last year.
However, Vietnamese seafood exports to Russia gradually recovered in May and started to reverse in July with an increase of 36%.
Statistics show eight month Vietnamese seafood exports to Russia rose 20% to more than US$94 million.
Duong Hoang Minh, Vietnamese Trade Counsellor in Russia, noted that when the Russia-Ukraine conflict first broke out the Russian banking system was blocked, causing the ruble to depreciate. However, Russia took swift action in order to maintain the currency's stability.
Furthermore, good transports from Vietnam to Russia has become increasingly convenient due to the opening of a direct sea freight route from Vladivostok to Vietnam, as well as freight trains running between the two countries.
Pangasius exports to Russia reached approximately US$21 million, accounting for 22% of total Vietnamese pangasius exports.
While exports of most seafood products to Russia have declined, those of yellowfin, tuna, and anchovies have continued to maintain positive growth.
The export turnover of tuna increased by 97% to nearly US$16 million, yellowfin by 6% to US$14.6 million, and anchovies by 27% to US$4.6 million.
