December 30, 2017 | 21:43 (GMT+7)
Vietnam’s aquatic export forecast to top 8.5 bln USD in 2018
Vietnam’s export of aquatic products is forecast to top 8.5 billion USD next year, up nearly 3 percent from 2017, according to the Vietnam Association of Seafood Exporters and Processors (VASEP).
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Vietnam’s export of aquatic products is forecast to top 8.5 billion USD next year
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This year’s figure is estimated at
more than 8.3 billion USD, marking a 19 percent rise year-on-year.
According to the VASEP, seafood
export to most countries saw strong growth, excluding the US, Australia
and Russia.
The EU has replaced the US
as the top importer of Vietnam’s
aquatic products, followed by the US,
Japan and China.
Seafood export to Japan posted two-digit growth with
a total revenue of 1.3 billion USD, up nearly 18 percent from 2017.
Notably, China
has surpassed the US in the
list of the largest importers of Vietnam’s tra fish and shrimp. The
neighbouring country is now the biggest importer of Vietnamese tra fish and the
third largest importer of Vietnamese shrimp, after the EU and Japan.
Vietnam’s shipment of aquatic products to
the US
decreased slightly by 2.9 percent year-on-year, mostly due to pressure from
catfish inspection that started from August 1, 2017 and high anti-dumping
tariff. Tra fish export to the country fell by 10 percent annually.
VASEP commented that Vietnamese
seafood exporters will continue faring well in 2018 thanks to high demand for
shrimp products and potential of major markets such as China, Japan
and the Republic
of Korea.
Source: VNA