According to the Vietnam Association of Seafood Exporters and Producers (VASEP), there are positive indicators suggesting that seafood exports this year are expected to exceed 9 billion USD.
According to statistics from the General Department of Customs, Vietnam’s seafood exports in September 2023 exceeded 814 million USD, down 5% compared to the same period in 2022, marking the lowest decrease since March. Seafood exports towards the end of the year have shown signs of recovery.
Notably, Vietnam’s seafood exports to the United States in September increased by nearly 5% compared to the same period last year, reaching 150 million USD. This is the second consecutive month that seafood exports to this market recorded positive growth, driven by increased consumer demand for seafood in the United States at the end of the year, particularly for shrimp and pangasius.
In addition, Vietnam’s seafood exports to markets like China have experienced a slower decline. South Korea and Japan have the least declines in recent months. In particular, shrimp and tuna exports in September both reached levels equivalent to September 2022. Pangasius recorded a positive growth rate of 9% compared to the same period in 2022. The outlook for seafood exports continues to be positive.
“Whiteleg shrimp and pangasius increased in September to some markets. Freshwater fish and crabs demonstrated growth, not only in September, but throughout the third quarter. This indicates that exports has bottomed out in the first half of the year and will recover better in the last months of the year,” said Ms. Le Hang, Communications Director at the Vietnam Association of Seafood Exporters and Producers (VASEP).
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood exports in the last quarter of this year are expected to reach 2.4 billion USD, pushing the annual total over 9 billion USD.