Hanoi (VNA) - Fishery exports reeled in 10.14 billionUSD as of November this year, up 27% annually, said the Ministry of Agricultureand Rural Development.
Of the sum, Tra fish and shrimps contributed 2.2 billion USDand 4.1 billion USD, up nearly 62% and 14.6% year-on-year, respectively.
Tra fish’s sharp increase was thanks to the strongest annualsurge in the product’s average price, at 50%. Exporters have also seized anopportunity to increase their market share created by the Russia-Ukraine conflict whichlimits the supply of white fish.
Overall, shrimp export turnover has retained good growth sofar thanks to strong rises recorded in the first half of the year. In the lasthalf, the value declined due to a decrease in market demand and a short supply of raw materials. The product’s average export price did not increase asstrongly as Tra fish, as it faced significant competitive pressure from those ofEcuador and India.
Illustrative photo (Source: VNA)
Tuna exports, notably, were said to certainly rake in 1billion USD this year, marking a new record.
General Secretary of the Vietnam Association of SeafoodExporters and Producers (VASEP) Truong Dinh Hoe said Vietnam’s fishery exporthas completely recovered after the COVID-19 pandemic, adding that the exportvalue is projected to hit 11 billion USD in 2022./.
Vietnam’s agro-forestry-fishery exports were estimated to hit 32.3 billion USD in the first seven months of 2022, up 12.2% against the same period last year. Four commodities with export value exceeding 2 billion USD included coffee, rice, shrimp and wooden products.
Enterprises in the fisheries sector are facing an export slowdown after strong shipments in the first months of 2022, which may subsequently affect their growth in the time ahead.
Thanks to the UK-Vietnam Free Trade Agreement (UKVFTA), Vietnam’s agro-forestry-fishery exports to the European nation now enjoy many advantages which, however, also come with several challenges.
Agro-forestry-fishery exports stood at about 49.04 billion USD in the first 11 months of 2022, higher than last year’s record of 48.6 billion USD, the Ministry of Agriculture and Rural Development (MARD) said.
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Illustrative photo (Source: VNA) 
Illustrative photo (Source: VNA) 
