Business

Export value of aquatic products up 38% in nine months

The export turnover of aquatic products topped 8.5 billion USD in the first nine months of 2022, up 38% year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Export value of aquatic products up 38% in nine months ảnh 1Export turnover of aquatic products tops 8.5 billion USD in the first nine months of 2022 (Photo: VNA)
HCM City (VNA) – The export turnover of aquatic productstopped 8.5 billion USD in the first nine months of 2022, up 38% year-on-year, accordingto the Vietnam Association of Seafood Exporters and Producers (VASEP).

In September alone, the export value is estimated at over 850million USD. Although it is still 36% higher than the same period last year,this is the first time after seven months the exports fall to below 900 millionUSD.

Le Hang, deputy director of the VASEP’s Trade Promotion andTraining Centre, said that inflation has reduced the import demand of  foreign markets,including Vietnam’s main importers.

Export value of aquatic products up 38% in nine months ảnh 2Shrimp processing for export (Photo: VNA)
In the first nine months, the export values of shrimp, trafish and seafood reached nearly 3.4 billion USD, 2 billion USD, and 3.2 billionUSD, up 23%, 82% and 33%, respectively. In September, tra fish exports postedthe highest growth rate at 97% to 161 million USD.

The country’s export of aquatic products to China hit 153million USD last month, up 97% y-o-y, but down 1.4% compared to that of July.

Meanwhile, earnings from the US decreased by 11% y-o-y to 140million USD.

In January-September, the US remained the largest importerof Vietnamese aquatic products, with nearly 1.8 billion USD, up 22% y-o-y.

The VASEP forecast that by the end of November, the sector can fulfil the yearlytarget of earning 10 billion USD from aquatic exports./.


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