RoK - Vietnam’s leading squid, octopus importer
The Republic of Korea (RoK) is currently the largest market for Vietnam’s squid and octopus exports with 37.7% of the total share, according to the Vietnam Seafood Exporters and Producers (VASEP).
By September 15, Vietnam had exported squid and octopus worth US$110.3 million to the RoK, down 3.5 % compared to the same period last year. Of the figure, frozen octopus accounted for 31 %.
The RoK market has seen positive growth in frozen octopus imports, though fresh and iced octopus imports have declined.
From January-September, Vietnam exported about US$292.7 million of squid and octopus.
Japan is the second largest importer with a value of US$71 million, accounting for 24.2 % of the total share, followed by the EU and ASEAN with 13.8 and 13 %, respectively.