Wednesday, 30/06/2021 09:32 (GMT+7)
The impact of the COVID-19 epidemic and China’s tightening inspection of frozen seafood imports from other countries have created two clear trends in Vietnam's seafood exports to this market.
Photo for illustration. (Source: nhandan.com.vn)
Specifically, turnover of fresh/frozen products decreased sharply, while export of dry goods and processed goods increased.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood exports to China decreased by 11% from April 2021 and continued to fall further in May, down 22%. Of this, exports fell deeply in all major product groups such as: shrimp down 35%, other marine fish (except tuna) down 23%, and pangasius down 5%.
By the end of May, shrimp exports to China reached 137 million USD, down 19% or accounting for 34% of total seafood export value to this market. Pangasius surpassed shrimp, accounting for 41%, reaching 165.5 million USD, representing a slight increase of 2%.
Generally, in the first 5 months of 2021, Vietnam’s seafood exports to this market decreased by 6%, reaching 405 million USD.
Export of fresh/live/frozen black tiger shrimp decreased by 25% in May 2021 and declined by 26% in the first 5 months of 2021, reaching 46 million USD, while processed black tiger shrimp increased sharply by 278%, reaching 1.4 million USD.
For pangasius, exports of frozen fillets decreased by 12% in the first 5 months, reaching 118 million USD, while frozen whole pangasius increased sharply by 78%, reaching nearly 47 million USD./.
BTA