8 months of seafood exports increased by more than 23% to reach 4.67 billion USD
According to statistics from the General Department of Vietnam Customs, Vietnam's seafood exports in the first half of August reached more than 339 million USD, up 15.1%; accumulated from the beginning of the year to August 15, 2014 reached 4.67 billion USD, up 23.2% over the same period last year.
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The US is still the largest consumer market for Vietnamese seafood, with cumulative seafood exports to this market reaching 1.09 billion USD from the beginning of the year to the first half of August; followed by the EU market with 855.7 million USD; and Japan with 678.8 million USD.
In terms of products, shrimp continues to lead and leaves a large gap with other product groups in the industry. As of the first half of August, shrimp exports reached 2.34 billion USD, up 52.8%, of which white-leg shrimp reached 1.39 billion USD, up 100.9% over the same period last year.
Pangasius exports remained lower than the same period last year, with cumulative pangasius export turnover from the beginning of the year to the first half of August reaching 1.04 billion USD, down 1.4% over the same period last year. Tuna exports increased in the first half of August, however, since the beginning of the year, tuna exports have decreased sharply (-14.8%) to 303.5 million USD.
For the Russian market, seafood exports in the first half of August decreased by 41.4%; accumulated from the beginning of the year to August 15, 2014 reached 38.8 million USD, up 0.03% over the same period last year.
However, The Fish site predicts that seafood exports from Vietnam to Russia will increase sharply in the last months of the year thanks to the lifting of the temporary import ban of 7 Vietnamese seafood companies and the FTA with the Customs Union.
At the same time, seafood exports to Russia are expected to increase because Russia has issued a ban on seafood imports from the United States, EU, Norway, Canada and Australia for 1 year from August 7, 2014 due to political issues related to Ukraine.
According to Infonet
