Seafood export expected to hit over USD8 billion in 2018

Saturday, 08/12/2018 20:15
Vietnam earned about USD8 billion from exporting seafood in the Jan-Nov period of 2018, a year-on-year rise of nearly 5%, reported the Ministry of Agriculture and Rural Development.

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With this growth, seafood export is expected to hit USD8.8 billion for the whole of 2018, a year-on-year rise of 6%.

Specifically, tra fish export witnessed the sharpest turnover growth with USD212 million November, a year-on-year rise of 32%, totaling USD2 billion in the 11 months.

Exports of tuna, squid and octopus were valued at USD600 million and USD609 million during the period, up 11% and 7% over a year earlier, respectively. The two products are expected to bag USD660 and USD680 million in 2018.

For shrimp, compared to the same period last year, November export decreased by 19%, valued at USD290 million; totaling nearly USD3.3 billion in the 11 months, down 7%.

Of this, white-leg shrimp made up 69%, worth USD2.2 billion, down some 3%; while sugpo prawn accounted for 23%, worth USD745 million, down nearly 8%. Shrimp export is predicted to hit about USD3.6 billion this year, down 5% against 2017.

Currently, Vietnam’s seafood products were exported to more than 180 markets worldwide, with Japan, the EU, the US, ASEAN, the Republic of Korea and China being the six biggest mảkets./.

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