Illustrative image (Photo:VNA)

The Republic of Korea (RoK) is currently the largest market for Vietnam’s squid and octopus exports with 37.7 percent of the total share, according to the Vietnam Seafood Exporters and Producers (VASEP).

By September 15, Vietnam had exported squid and octopus worth 110.3 million USD to the RoK, down 3.5 percent compared to the same period last year. Of the figure, frozen octopus accounted for 31 percent.

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 292.7 million USD of squid and octopus.

Japan is the second largest importer with a value of 71 million USD, accounting for 24.2 percent of the total share, followed by the EU and ASEAN with 13.8 and 13 percent, respectively.-VNA