Aquaculture for all

Concern Mounts as Vietnamese Exports Fall

Marketing Economics Food safety & handling +4 more

VIET NAM The Vietnam Association of Seafood Exporters and Producers (VASEP) has estimated that seafood exports by mid March had decreased by 8 per cent in quality and quantity compared to the same period last year.

Statistics show that Vietnam has exported 166,000 tonnes of seafood so far this year, worth $579mil. Meanwhile, the number of export markets has decreased to 122 from 159, and exports to main markets all have decreased, except to China, Australia and ASEAN.

The global economic recession has led to a lower demand in most key export markets. The value of seafood exported to Europe has decreased by nearly 15 per cent. Japan, though still ranking second among top export markets, has witnessed export value to the market down by 9 per cent.

Meanwhile, exports shipped to the US market have decreased by 3.3 per cent over the same period of last year. Russian authorities closing the doors on Vietnams tra and basa also has led to the sharp falls of Vietnams seafood exports.

VASEP has seen a worrying decrease in tra and basa exports with the export turnover of $208mil, down by 5 per cent from the same period of last year. Meanwhile, shrimp export turnover was $181mil only, a decrease of 7.3 per cent from last year.

As for cuttlefish and octopus, the exports of these products have decreased by nearly 15 per cent from last year, though signs of recovery were seen in March. As for dried products, the export turnover was $19.2mil, down by 14.3 per cent. Tuna proved to be the product which saw the sharpest decrease, by 40 per cent, with the turnover of $19mil, the lowest in the last four years.

Further Reading

- View our recent report Chaos and Order in Viet Nam's Seafood Sector by clicking here.
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