Vietnam’s aquatic product export value reached USD 8.6 billion last year in 2019, down 2.3 percent from the previous year.

However, Vietnam’s seafood export value reached USD 3.2 billion last year, an 8-percent increase from a year earlier, the highest rate ever, according to the Vietnam Association of Seafood Exporters and Producers.

Vietnam targets to earn 9 billion USD from fishery exports in 2020.

Tuna contributed USD 728 million to total exports, a year-on-year increase of 12 percent, while exports of other saltwater fish reached USD 1.65 billion, representing 19.4 percent of the total and surging 15.8 percent year on year.

The US, EU and ASEAN remained the largest buyers of Vietnamese tuna, importing 71 percent of the total last year compared to 67 percent in 2018. The US topped the markets with 46 percent.

Exports of seafood and fishery products to the EU plunged by about 11.5 percent in 2019, with tuna and octopus experiencing the biggest contractions with 11 percent and 20 percent, respectively.

From being the second largest importer of Vietnam’s aquatic products, the EU fell to fifth, after the US, Japan, the Republic of Korea, and China, as a consequence of the EU’s yellow card.

Source: VNA