Seafood exports fetch 4.63 billion USD in seven months
Hanoi (VNA) - Vietnam’s
seafood export value in the first seven months of 2018 was estimated at 4.63
billion USD, up 6.3 percent over the same period last year, according to the
Ministry of Agriculture and Rural Development (MARD).
The US, Japan, China and the Republic of Korea were the largest importers of
Vietnamese seafood in the first half of this year, accounting for 53.5 percent
of the total value.
Seafood exports also saw strong growth in the Netherlands (56 percent), Germany
(27.2 percent) and China’s Hong Kong (23.9 percent).
During the January-July period, Vietnam imported 984 million USD worth of
seafood, a year-on-year increase of 27.8 percent.
According to the MARD’s Department of Produce Processing and Market
Development, the upcoming imposition of a 10 percent tariff on all Chinese
seafood exports by the US and China’s plan to levy a 25 percent tariff on US aquatic
products will provide an opportunity for Vietnam to boost its exports to these
two markets.
Vietnam had a total seafood
output of more than 7.2 million tonnes in 2017, including roughly 3.4 million
tonnes coming from catching, and over 3.8 million tonnes from aquaculture,
according to the ministry.-VNA