Purchase by the Republic of Korea, traditionally Vietnam’s largest buyer of squid and octopus, accounting for 42.6 percent of total exports, has reduced by 21.2 percent this year.
Shipments to the EU fell by 49 percent.
Exports to China increased by 38 percent to 13.7 million USD. While its imports of squid and octopus fell in the first two months, its demand picked up from March onwards, when its COVID-19 situation began to improve.
According to VASEP, since COVID-19 is not completely under control around the world, supply of raw seafood and global demand for processed seafood would continue to fall, as would Vietnam’s exports./.VNA
- Squid, octopus exports to China remain on the rise
- Fisheries exports drop in June
- Vietnam’s seafood exports to the US increased significantly
- Aquatic exports to EU to enjoy zero tax once EVFTA takes effect
- Fruit and vegetable exports down over 12 percent in first seven months
- Vietnamese seafood exports recovering
- Vietnam’s tuna exports to US bounce back quickly
- Fisheries sector sees recovery signs in October
- Canned seafood exports surge 42% in Jan-Feb