According to the Ministry of Agriculture and Rural Development (MARD), in April alone, the country raked in USD 650 million from the export of aquatic products.

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Shrimp exports made the biggest contribution to the country's total aquatic product export value in 2017. (Photo for illustration)

The U.S., Japan, China and the Republic of Korea were the biggest importers in January-March, making up 52 percent of the Southeast Asian country’s total aquatic product exports.

The highest growth was reported in the Netherlands (55.7 percent), China (44.6 percent) and the U.K. (33.8 percent).

In the four-month period, Vietnam imported USD 536 million worth of aquatic products, up 27.4 percent against the same period last year. Of the figure, 130 million worth of aquatic products were imported in April.

Vietnam gained its highest ever aquatic product export value of USD 8.32 billion in 2017, a year-on-year increase of 18 percent, according to the MARD.

The Vietnam Association of Seafood Exporters and Producers (VASEP) said shrimp exports provided the biggest contribution to the total export value, with a growth rate of 21 percent to USD 3.8 billion in 2017.

Aquatic product exports in 2018 are expected to exceed USD 8.5 billion, up about 3 percent compared to 2017, though Vietnam's exports to the US and EU markets will continue to be affected by catfish inspection, anti-dumping and illegal, unreported and unregulated fishing (IUU), according to the VASEP.

Source: VNA