Seafood exports in July increased by 14%

DNVN - Seafood exports in July 2024 reached over 885 million USD, up 14% over the same period in 2023, marking the highest increase in the past 6 months.

Statistics from the Vietnam Association of Seafood Exporters and Producers (VASEP) show that seafood exports in July improved, reaching over 885 million USD, up 14% over the same period in 2023. This is the highest increase in the past half year and the month with the highest export turnover since the beginning of the year.

Accumulated in the first 7 months of the year, seafood exports reached 5.28 billion USD, up 7% over last year.

All key products recorded positive growth. Of which, shrimp exports increased by 11%, the highest increase in the first 7 months of the year. By the end of July, total shrimp export turnover reached nearly 2 billion USD, up 7% over the same period last year.

Seafood exports in July 2024 increased by 14%.

Pangasius exports increased by 23% in July, with increases ranging from 20-40% in major markets, except for the EU, which saw a slight increase of 5%. Cumulatively, pangasius exports in the first 7 months of the year reached nearly 1.09 billion USD, up 7.7% over the same period last year. China remained the largest market, with a value of 317 million USD, down 2.3%.

Tuna exports in July increased slowly, only 9% compared to last year. In the first 7 months of the year, tuna exports reached 555 million USD, up 21%.

According to VASEP, in July, demand in four major markets recovered significantly: China and Hong Kong increased by 30%, the US increased by 14%, Japan increased by 11%, and the EU increased by 14%. In the first seven months of the year, exports to the US and China - Hong Kong both increased by 10%, reaching over 930 million USD, accounting for nearly 18% of Vietnam's total seafood export turnover. Exports to the EU also increased by 10%, reaching over 600 million USD, while exports to South Korea increased only slightly by 1%, reaching 426 million USD.

Regarding the frozen product segment, the US and EU are two promising markets in the second half of the year thanks to economic recovery, inflation and interest rate reduction, and demand stimulation. Frozen product exports to China have not yet made a breakthrough, but China is the number one destination for fresh seafood serving restaurants, hotels, and tourism. Therefore, fresh products such as lobsters, crabs, clams, and snails from Vietnam will continue to attract Chinese customers in the coming time.

Minh Thu

Source: https://doanhnghiepvn.vn/kinh-te/xuat-khau-thuy-san-thang-7-tang-truong-14/20240802025331304