Seafood exports surge 33% in eight months
VOV.VN - Vietnamese seafood exports during the opening eight months of the year surged by 33% to US$2.8 billion against the same period from last year, according to details given by the Vietnam Association of Seafood Exporters and Producers (VASEP).
Most notably, August alone witnessed the country’s total export of seafood products skyrocket by 80% to reach US$405 million on-year.
This robust growth can largely be attributed to the fact that export processing enterprises had been forced to reduce their capacity or had to suspend operations due to the COVID-19 pandemic last year.
At present, aquatic exports make up 37% of the country's total seafood export value. In line with this, Vietnamese seafood exports include other marine fish, tuna, squid, octopus, crabs, crabs and other crustaceans at 5%, bivalve molluscs at 4%, and the other molluscs.
Most notably, tuna exports during the eight-month period recorded the strongest growth rate of 55% to reach US$730 million.
Exports of crabs, other crustaceans, as well as squid and octopus increased by 37% and 36%, respectively, while exports of bivalve molluscs and other marine fish rose by 135% and 23%, respectively. Only mollusk exports decreased by 20%, which only accounts for a small proportion of the overall figure.
Processing activities of seafood products for exports are primarily concentrated in provinces such as Ho Chi Minh City, Khanh Hoa, Ba Ria - Vung Tau, Long An, and Kien Giang.
Experts assessed that firms are expected to face a shortage of raw materials during the remainder of the year due to the ongoing Ukraine-Russia conflict causing high costs of exploitation.