Seafood Exports Edge up in Vietnam
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Seafood exports in the first two months of 2021 rose by 2.2 percent year-on-year to over $1 billion, according to the Vietnam Association of Seafood Exporters and Producers.
Pangasius fish accounted for 21 percent of the exports at $214 million, up 1.7 percent. Shrimp exports topped $380 million, a year-on-year decrease of 0.8 percent.
VASEP explained that, due to the impact of Covid-19, global demand is high for products that could be preserved for long, are easy to cook at home and are reasonably priced such as frozen and processed white leg shrimp.
Black tiger shrimp exports plunged due to high prices.
VASEP estimated exports would be worth $640 million in March, with shipments to the U.S., E.U. and CPTTP trade deal member countries continuing to rise.
Questions & Answers
Q.What is the total value of seafood exports from Vietnam in the first two months of 2021?
What is the total value of seafood exports from Vietnam in the first two months of 2021?
Seafood exports from Vietnam reached over $1 billion in January and February 2021. This figure represents a 2.2 percent year-on-year increase compared to the same period in the previous year.
Q.Which seafood products saw changes in their export value during this period?
Which seafood products saw changes in their export value during this period?
Pangasius fish exports increased by 1.7 percent to $214 million, making up 21 percent of the total. However, shrimp exports experienced a slight year-on-year decrease of 0.8 percent, totalling $380 million.
Q.Why did frozen and processed white leg shrimp perform well in exports?
Why did frozen and processed white leg shrimp perform well in exports?
Global demand is high for products that can be preserved for long periods, are easy to cook at home, and are reasonably priced. Frozen and processed white leg shrimp met these criteria, contributing to their export performance.
Q.What is the export forecast for March, and which markets are showing growth?
What is the export forecast for March, and which markets are showing growth?
VASEP estimates March exports will be worth $640 million. Shipments to the U.S., E.U., and CPTTP trade deal member countries are expected to continue rising, indicating strong demand in these markets.
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