06/10/2023
SEAFOOD VIETNAM EXPORT GROWTH TO THREE MAIN MARKETS: USA, CHINA, JAPAN
According to VASEP, in September 2023, Vietnam's seafood exports are estimated to reach 862 million USD, equivalent to the same period in 2022. In September, a number of key products regained balance compared to the same period last year. In particular, shrimp and tuna exports in September both reached levels equivalent to September 2022.
By the end of September 2023, shrimp exports reached 2.55 billion USD, 25% lower than the same period last year. The two main markets, the US and China, have begun to increase demand and exports to these two powers have both recorded positive growth in the past 2 months. Some main markets in the CPTPP block such as Japan, Australia, and Canada are also increasing shrimp imports from Vietnam.
Similar to shrimp, tuna exports also tend to improve, with sales in September equal to the same period in 2022. However, the continuous decline in the first period of the year caused the cumulative nine months of tuna exports to still decrease by 23%. reached 623 million USD.
Pangasius exports are tending to gradually recover in the markets of China, Mexico, Brazil, the Netherlands, the UK and the US... In September 2023, exports to some markets regained balance or reached higher levels. compared to the same period in 2022.
By the end of September 2023, exports to the top 3 largest markets, the US, China and Japan, all exceeded the 1 billion USD mark. In September alone, seafood exports to the US, China, and the EU all recovered, increasing from 4-17% over the same period in 2022. Exports to Japan were more or less mixed in September, so it was still lower. 15% compared to September 2022.
The market is showing signs of getting better, especially in the fourth quarter, so if there are no other changes, and raw material sources do not decline sharply, it is possible that seafood exports in 2023 will bring in sales of about 9.2– 9.3 billion USD.
