Aquatic exports record two-digit growth in January

TIN LIÊN QUAN
	Seafood exports rake in about 9 billion USD in 2018
	Plentiful opportunities for stronger Vietnam-Romania cooperation

China, Japan, the US and the EU were the biggest importers of Vietnam’s aquatic products in the month.

Illustrative image. (Photo: VNA)

China topped the list with growth of 50 percent to 109.26 million USD, followed by Japan with 100.71 million USD, up 18.1 percent.

The US came third with an import turnover of 95 million USD, a year-on-year increase of 17.1 percent, while the EU posted an annual decrease of 9.1 percent to 86 million USD.

In January, most aquatic products recorded good growth, except for shrimp due to fierce competition from markets like China, India and Ecuador.

Specifically, shrimp export turnover was estimated at 190.7 million USD, down 10.6 percent against the same period last year.

On a positive note, tra fish exports rose 34.7 percent to 192 million USD and tuna exports hit 48 million USD, a year-on-year rise of 16.9 percent.

VASEP Secretary General Truong Dinh Hoe said in 2018, the aquatic sector exported nearly 9 billion USD worth of products, a figure expected to grow from 15 to 18 percent to reach 10 billion USD in 2019.

The backbone for this year’s growth target lies in tuna exports because there is plenty of room to develop this fish, he said.

The shrimp sector aims to boost exports to the EU to 1 billion USD in 2019 from 750 million USD in 2018, he added.

Apart from the quality of products, goods certification and added value, businesses should outline plans to make inroads into the EU, Hoe suggested.

He expressed his belief for a better outcome of the aquatic industry in 2019 thanks to new-generation free trade agreements and the State’s favourable policies.

Wood exports expected to hit 8.85 billion USD this year Vietnam’s export of wood and wood-based products is projected to reach 8.85 billion USD in 2018, up over 1 billion USD from the 2017 record ...

Vietnam sees strong growth in aquatic exports to US  Vietnam enjoyed a surge of 46 percent in aquatic products’ export value to the US market in August to 188.7 million USD, pushing the total ...

Vietnam’s agro-aquatic products strive to penetrate Russian market Vietnamese businesses are striving to promote agricultural and aquatic products in the Russia market at an international food fair and trade connection activities being held ...