Fisheries exports estimated at 1.85 billion USD in Q1
Fisheries export value was estimated at 1.85 billion USD in the first quarter (Q1) of this year, a fall of 27% compared to the same period last year due to lower consumption and import demand under the impacts of inflation and economic recession, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Fisheries export value is estimated at 1.85 billion USD in the first quarter (Q1) of 2023 (Photo: VNA)
HCM City (VNA)✤ – Fisheries export value was estimated at 1.85 billion USD in the first quarter (Q1) of this year, a fall of 27%compared to the same period last year due to lower consumption and import demand under the impacts of inflation and economic recession, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
As of the end of Q1, shrimp exports earned 577 million USD, a year-on-year drop of 40%, while the export of tra and tuna fish brought home 447 million USD and 179million USD, down 32% and 31%, respectively. Le Hang, communicationsdirector of the VASEP said it’s forecasted that aquatic product exports will bounce back from Q2 after several international programmes were held in the US and EU, helpingto attract more buyers. Regarding to market, Hang noted that Chinawill become Vietnam’s biggest seafood importer, but there will be great pressure from other competitors in this huge market. Over the past time, the Ministry of Trade andIndustry, Ministry of Agriculture and Rural Development, and the Ministry ofForeign Affairs have actively organised trade promotion programmes to connect Vietnamese seafood exporters with potential customers in key markets.
Meanwhile, firms in the fisheries sector are looking for more preferential loans and measures to remove difficulties for both aquaculture farmers and exporters to stabilise material supply sources and boost exports./.
Vietnam enjoyed a year-on-year rise of 13.1 percent in the export revenue of agro-forestry-fisheries products in the first 10 months of 2021 to nearly 38.75 billion USD, according to the Ministry of Agriculture and Rural Development (MARD).
According to the Ministry of Agriculture and Rural Development, the export turnover of agro-forestry and fishery exports in February 2022 was estimated at 3.26 billion USD, bringing the total export value of the first two months of 2022 to 8 billion USD, up 20.9 % over the same period in 2021.
Vietnam’s agro-forestry-aquatic product export and import turnover was estimated at 22.6 billion USD in the first quarter of this year, up 6.3 percent compared to the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).
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Fisheries export value is estimated at 1.85 billion USD in the first quarter (Q1) of 2023 (Photo: VNA) 
