Fisheries export value was estimated at US$1.85 billion in the first quarter (Q1) of this year, a fall of 27% compared to the same period last year due to lower consumption and import demand under the impacts of inflation and economic recession, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Domestic tuna exporters are targeting promising small markets to get out of current difficulties amid economic fluctuations in big importing countries.

VOV.VN - Vietnam’s export of crab and other crustaceans to Japan generated US$8.1 million during the first two months of the year, up 128% compared to the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Thanks to better input material supply and the application of a closed production process, the Tra fish (pangasius) industry is expected to overcome difficulties and become profitable again in the third quarter of this year, according to analysts.

VOV.VN - As of mid-February, Vietnamese Tra fish (pangasius) exports to the Brazilian market reached US$10.5 million, an annual decline of 51%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

VOV.VN - Vietnamese seafood exports to the UK have maintained a high growth rate of 22% during the first two months of the year despite an annual fall of between 18% and 50% in 10 other large markets globally, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

VOV.VN - Amid Vietnamese tuna exports to major markets enduring a decline in January, exports of the product to the Republic of Korea have witnessed an impressive growth of 457% on-year, according to details given by the Vietnam Association of Seafood Exporters and Producers (VASEP).

VOV.VN - After "falling down" in January, seafood exports were able to recover in the first half of February, reaching US$286.94 million, up 42% compared to the same period from 2022, according to the data detailed by the General Department of Customs.

VOV.VN - The Vietnam Association of Seafood Exporters and Producers (VASEP) reported that tra (pangasius) exports brought in only US$83.6 million in January, down 44% month on month and down 61% from a year earlier.

VOV.VN - Despite a significant fall in exports in 2022, there are bright prospects ahead for pangasius exports this year thanks high demand from China and the United States – the two major markets for Vietnam, according to insiders.