Aquatic exports post 34-percent-growth in 10 months

Aquatic exports post 34-percent-growth in 10 months

Of the figure, shrimp exports earned nearly 3.8 billion USD, an increase of 19% from the same period last year, and are expected to top 4.4 billion USD in 2022, 14% higher than that of 2021. 

Tra fish exports recorded an impressive growth in the reviewed period, with the 10-month turnover hitting nearly 2.2 billion USD, surging by 80% year-on-year. This item’s yearly export turnover is forecast to reach over 2.5 billion USD, up 58% compared to 2021.

According to businesses, in 2022, the global inflation and the Russia - Ukraine conflict have sharply increased the export of affordable white fish products such as tra fish. The import value of tra fish products from Vietnam have increased by 40-200% this year.

Meanwhile, tuna export during Jan - October was estimated at 890 million USD, up 50% over the same period. It is forecast that by the end of 2022, tuna will join the group of the over-1-billion-USD exports for the first time.

Shrimp exports earn nearly 3.8 billion USD in the first 10 months.

Squid and octopus products also witnessed stable export growths in the last 10 months, reaching 625 million USD, up 32% year-on-year. The figure is expected to rise by 22% to 734 million USD in 2022.

The country’s aquatic export turnover is predicted to top 10 billion USD by the end of November – the record of Vietnam's seafood industry after over 20 years.

According to Vice Director of VASEP’s Trade Promotion and Training Center Le Hang, the aquatic export turnover will account for 3% of the country’s total in 2022.

Source: VNA