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Main seafood import markets of Vietnam in first ten months 

 Thursday, December 12,2019

AsemconnectVietnam - According to the preliminary statistics of the General Department of Customs, Vietnam’s seafood imports in the first 10 months of 2019 increased slightly by 3.8 per cent in turnover over the same period last year, reaching over 1.46 billion USD.

In October 2019 alone, it increased by 9.5 per cent compared to September of 2019 but decreased by 3.8 per cent compared to October of 2018, reaching 143.09 million USD. The major markets supplying seafood to Vietnam include: Norway, India, Southeast Asia, China and Japan; in which imports from Norway reached 173.91 million USD, up by 20.6 per cent over the same period of 2018, accounting for 11.9 per cent of the country's total seafood import turnover. In October of 2019 alone, the imports from Norway increased by 13.7 per cent compared to September of 2019, reaching 15 million USD, and up by 8.5 per cent compared to October of 2018.

Imported seafood from Indian market dropped sharply by 44.7 per cent compared to the same period last year, reaching 163.91 million USD, accounting for 11.2 per cent of total seafood import turnover of the whole country. In particular, in October of 2019, it increased by 14.2 per cent compared to September of 2019, but dropped sharply by 39.5 per cent compared to October of 2018, reaching 15.29 million USD.

Seafood imported from Southeast Asia market in the first 10 months increased sharply by 30.6 per cent over the same period last year, reaching 160.59 million USD, accounting for 11 per cent of the total seafood import turnover of the whole country. In October alone, the imports of seafood decreased by 11.4 per cent compared to September of 2019 but increased slightly by 4.3 per cent compared to October of 2018, reaching 16.34 million USD.

Seafood imports from China market in the first 10 months reached 113.33 million USD, up by 16.4 per cent as compared to the same period of 2018; while the imports from Japan increased by 23.5 per cent, reaching 110.19 million USD; and the imports from Indonesia increased by 19.5 per cent, reaching 92.23 million USD.
In the first 10 months of 2019, the seafood imports from most markets increased in turnover over the same period of 2018; in which, there was a strong increase in markets like: the Philippines - increased by 116.9 per cent, reaching 19.95 million USD; the US - increased by 55.9 per cent to reach 76.99 million USD; Thailand - increased by 45.2 per cent, reaching 24.63 million USD.
However, there were a few markets where seafood import turnover decreased compared to the same period last year: Chile - decreased by 2.5 per cent, reaching 50.81 million USD; Myanmar - decreased by 2.2 per cent, reaching 2.65 million USD; Taiwan - decreased by 1.3 per cent, reaching 89.47 million USD; South Korea - decreased by 0.3 per cent to reach 62.9 million USD.

Vietnam’s imports of seafood in the first ten months of 2019 – Source: the General Department of Customs
Market
October of 2019
+/- vs. September of 2019 (%)
+/- vs. October of 2018 (%)
First 10 months of 2019
+/- vs. same period of 2018 (%)
Total
143,090,100
9.53
-3.75
1,463,100,302
3.79
Norway
14,998,371
13.68
8.54
173,905,261
20.62
India
15,285,315
14.16
-39.47
163,912,377
-44.67
South East Asia
16,336,114
-11.39
4.27
160,590,977
30.56
China
10,110,236
-16.14
-8.71
113,332,205
16.44
Japan
12,334,806
-1.43
53.6
110,190,383
23.47
Indonesia
9,952,256
-12.17
0.04
92,229,168
19.52
Taiwan (CN)
9,240,801
-3.76
7.54
89,465,515
-1.28
Russia
9,162,620
27.17
7.51
83,478,331
20.14
The U.S
9,410,980
40.84
16.68
76,986,956
55.86
South Korea
4,682,642
8.5
-11.94
62,966,087
-0.27
Chile
5,143,588
21.44
181.17
50,811,261
-3.51
Canada
2,748,874
69.65
-50.36
46,534,287
17.32
EU
4,285,388
21.36
30.54
42,768,204
21.4
Thailand
3,803,508
20.62
79.4
24,627,250
45.2
The Philippines
947,628
-45.24
-39.12
19,952,616
116.85
Britain
1,950,398
23.73
6.56
17,822,556
18.32
Denmark
491,865
-50.31
-27.7
14,504,778
4.11
Singapore
756,163
-12.87
-18.07
12,852,023
22.57
Malaysia
686,289
-20.07
-5.55
8,250,657
27.29
Poland
1,266,466
73.87
63.98
6,763,641
8.51
Ireland
576,659
143.65
 
3,677,229
 
Myanmar
165,020
-66.66
-58.02
2,647,173
-2.23
Bangladesh
179,396
118.85
 
1,109,317
 
Cambodia
25,250
 
 
32,090
 
CK
Source: VITIC

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