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Imports of seafood from Philippines and Indonesia increased sharply 

 Tuesday, April 24,2018

AsemconnectVietnam - Vietnam’s imports of seafood from the Philippines increased sharply by 115.8 per cent year – on – year in the first quarter of this year to US$ 2.26 million.

According to the statistics figures of the General Department of Customs, Vietnam’s imports of seafood in March increased by 35.8 per cent over the previous month and by 16.2 per cent over the same month of last year to US$ 133.99 million. The figure brought the country’s total imports of seafood in the first quarter of this year to nearly $ 406.46 million, up by 27.9 per cent year – on – year. 

Vietnam imported seafood mostly from India, Norway, China, Taiwan and Japan. India was leading the list with $ 91.22 million, up by 13.5 per cent; then Norway - $ 44.42 million, up by 86.3 per cent; Taiwan - $ 28.66 million, up by 31.2 per cent; and China - $ 24.33 million, down by 11.5 per cent.
 
The imports of seafood from the South East Asian countries accounted for only 8 per cent of the total with $ 32.09 million, up by 48.8 per cent year – on – year.

In the first quarter of this year, Vietnam’s imports of seafood from the Philippines increased sharply by 115.8 per cent year – on – year to $ 2.26 million; from Indonesia – up by 100.3 per cent to $ 19.75 million; from Chile – up by 98.4 per cent to $ 21.77 million; from Norway – up by 83.6 per cent to $ 44.42 million; and from Malaysia – up by 82 per cent to $ 1.48 million.

However, the imports of seafood from Myanmar, Denmark, Singapore, and China decreased by 40.4 per cent; 38.3 per cent; 13.2 per cent; and 11.5 per cent, respectively over the same period of 2017.

Vietnam’s imports of seafood in the first quarter of 2018 -
Unit: US$ - source: VITIC – according to the figures of the General Department of Customs
Market
March of 2018
First quarter of 2018
March of 2018 vs. February of 2018 (%)
First quarter of 2018 vs. same period of 2017 (%)
Total
133,989,326
406,456,918
35.75
27.91
India
26,463,948
91,217,308
23.73
13.53
Norway
16,504,471
44,422,635
87.21
86.3
Taiwan
7,516,465
28,660,536
-33.22
31.24
China
7,123,436
24,332,121
32.65
-11.47
Japan
7,782,970
24,105,719
26.55
26.46
Chile
4,390,402
21,765,681
-10.27
98.38
Russia
9,539,000
20,506,623
195.75
28.59
Indonesia
4,527,917
19,747,266
7.86
100.27
South Korea
7,969,326
15,972,721
159.87
51.92
The U.S
3,603,538
10,675,704
57.74
21.68
Canada
3,358,023
6,144,782
266.06
39.11
Denmark
2,300,936
5,332,518
854.77
-38.26
Thailand
2,005,443
5,180,001
127.84
-6.82
Britain
1,523,263
4,754,081
26.72
36.07
Singapore
1,723,870
2,765,961
244.11
-13.21
Poland
355,431
2,461,557
-66.06
79.2
The Philippines
1,119,676
2,258,862
586.84
115.8
Malaysia
668,342
1,482,810
86.47
81.99
Myanmar
191,801
656,611
-33.73
-40.42
CK
Source: VITIC

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