Vietnam marine product exports reached 565 million USD in the first 2 months of the year

(seafood.vasep.com.vn) In February 2022, Vietnam's total exports of marine products reached 219.6 million USD, up 38% on the corresponding period in 2021. During the first 2 months of 2022, exports of these products were worth 565 million USD, up 33% over the same period last year. Currently, marine products exports account for 37% of the country's total seafood export value.
Vietnam marine product exports reached 565 million USD in the first 2 months of the year
Vietnam marine product exports reached 565 million USD in the first 2 months of the year

Vietnam's marine products exports include other marine fish (except tuna), accounting for 46% of Vietnam's total seafood export value); tuna (accounting for 27%); cephalopod (17%); crabs and other crustaceans (6%); bivalve molluscs (3%) and the rest are other molluscs.

Except for other mollusc exports, the value of wild-caught products all experienced an upward trend in the first two months of 2022. Crabs exports grew at the steadiest rate of 86%, hitting $34.3 million USD. Tuna and cepalopdexports all grew by 82% and 45%, respectively. Mollusk shell exports climbed by 36%, while other marine fish exports (excluding tuna and pangasius) increased marginally by 9%. Only other mollusc exports fell by 57%, however this commodity makes up a very minor proportion of the total.

Processing and exporting wild-caught products is concentrated in Ho Chi Minh City. Ho Chi Minh, Khanh Hoa, Ba Ria - Vung Tau…

Vietnam's marine products exports in the first quarter of 2022 are expected to maintain positive double-digit growth. However, Covid-19 pandemic, IUU yellow card, higher transportation costs, gasoline prices, production input costs, etc. are still challenges that businesses have to encounter this year.

Compiled by Khanh Linh


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