According to the statistics of the Agricultural Products Processing and Market Development Bureau of the Ministry of Agriculture and Rural Development of Vietnam, in August 2019, Vietnam’s aquatic products exports amounted to approximately 833 million US dollars, and the total exports of aquatic products reached a total of 5.52 billion US dollars in August 2019. It was down by 1.2% year-on-year.
Japan, the United States, China and South Korea are the four major export markets for Vietnamese aquatic products in July 2019, accounting for 56.5% of total aquatic product exports. Other markets with a sharp increase in exports were Taiwan, Mexico, Malaysia and Japan, with exports increasing by 16.3%, 14.6%, 12.3% and 10.4% respectively.
Shrimp and fish are still the main export commodities. White-foot shrimp exports accounted for 25.7% of total aquatic product exports, grass shrimp accounted for 8.15%, other shrimp accounted for 3.85%, fish accounted for 24.05%, tuna accounted for 9.12%, other fish accounted for 19.20%, and carp and octopus accounted for 7.26 %Wait.
The United States is still the largest export market for Vietnamese aquatic products. In July 2018, Vietnam’s exports of aquatic products to the United States reached US$ 803 million, an increase of 1.1%. Secondly, the Japanese market reached US$8.1107 billion, an increase of 10.4%, and the Chinese market increased by 5.7%.
Zhang Tingyu, secretary-general of the Vietnam Aquatic Products Processing Export Association, said that the US Department of Commerce (DOC) just announced the preliminary results of the 13th anti-dumping administrative review of Vietnamese shrimp products (POR13), and 31 Vietnamese companies enjoyed the zero-tariff treatment. This is a piece of great news for Vietnamese companies, laying the foundation for Vietnamese companies to gain a foothold in the US market.