Business

Seafood exports increase slightly in first 7 months

Vietnam’s revenue from seafood exports in July is estimated at 592 million USD, bringing the total figure in the first seven months of 2013 to 3.41 billion USD, a year-on-year increase of 0.7 percent.
Vietnam’s revenue from seafood exports in July is estimated at 592million USD, bringing the total figure in the first seven months of 2013to 3.41 billion USD, a year-on-year increase of 0.7 percent.

Accounting for 20.5 percent of the total turnover, the US remainsVietnamese seafood’s largest market. In the first half of this year,Vietnam exported over 609 million USD worth of seafood to the US,up 6 percent from the same period last year.

Exportsto China, ASEAN members and Brazil also enjoyed significantincreases of 27.7 percent, 11.8 percent and 76.5 percent respectively.

Meanwhile, a fall was seen in seafood exports to the EU (down 7.8percent), Japan (down 1.3 percent) and the Republic of Korea(down 19.5 percent), attributable to the impacts of the economicrecession as well as technical and tax barriers in Japan and theRoK.

Experts forecast rapid growth for the industry inthe remaining months of 2013 since importers will make preparations forthe Christmas and New Year season, and raw material supply forprocessors will rise.

According to the Directorate ofFisheries, total seafood production in the seven months rose 2.5 percentfrom the same period last year to 3.3 million tonnes. Of which,Vietnam harvested 1.5 million tonnes, up 5.2 percent, and farmed 1.78million tonnes, an increase of 0.4 percent.-VNA
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