Tuesday , April 23 2024

Seafood exports soar 51 pct

Vietnam’s seafood exports rose 51 percent year-on-year in January-February to US$1.5 billion, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Catfish and tuna exports led with 93 and 83 percent growth, posting turnovers of $384 million and $156 million, respectively.

Shrimp, squid and octopus exports increased 45 percent.

The five biggest markets for Vietnamese seafood were 11 countries of the CPTPP, the U.S., EU, China and South Korea.

In February alone, exports surged by 62 percent year-on-year after rising by 44 percent in January.

VASEP expects exports to continue growing amid rising global seafood demands. However, seafood exporters are to be hurt by the Russia-Ukraine conflict. Vietnam was Russia’s third biggest importer of catfish last year, behind Argentina and China.

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