Exports to major markets have seen strong growth. Exports to ASEAN countries increased 111 per cent, China and Hong Kong increased by 97 per cent , Brazil 89 per cent and Australia 84.5 per cent, reports VASEP.
Exports to other markets increased from 12-50 per cent , except for the Russian market, which declined over 40 per cent.
Exports of fish (except tuna and catfish) increased 49 per cent, followed by tuna at 47 per cent and catfish at 41 per cent.
Exports of shrimp and octopus grew less positively however, with growth of 25 per cent and 14 per cent respectively, compared with the same period last year.
Despite the rise in January, seafood exports in February are expected to decrease due to a public holiday and the difficulties of access to capital and raw materials. The struggling export market also continues to affect the export business.