Fisheries export in July highest since early 2024

Vietnam’s fisheries export revenue in July grew 14% year-on-year to over 885 million USD, the highest recorded since the beginning of the year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

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The export during January - July was worth 5.28 billion USD, up 7% against the same period last year. Of the total, the shipment of shrimp rose 7% to nearly 2 billion USD, tra fish 7.7% to nearly 1.09 billion USD, and tuna 21% to 555 million USD.

Shrimps processed for export at Minh Phu Seafood Corp

Shipment to four major buyers recovered in July, with that to China increasing 30%, the U.S. 14%, the E.U. 14% and Japan 11%.

During the seven-month span, export to the U.S. and China expanded 10% to more than 930 million USD, that to the E.U. escalated 10% to over 600 million USD while that to the Republic of Korea inched up 1% to 426 million USD.

The U.S. and the E.U. are expected to be promising markets for frozen products in the second half on the positive signs of economic recovery, easing inflation and cooling interest rates. In the meantime, there will be no breakthrough in the export of the goods to the Chinese market where demand for fresh products is high to serve catering service and tourism.

Source: VNA