Seafood exports fetch 4.63 billion USD in seven months
Monday, August 6,2018AsemconnectVietnam - Vietnam’s seafood export value in the first seven months of 2018 was estimated at 4.63 billion USD, up 6.3 percent over the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).
Seafood exports also saw strong growth in the Netherlands (56 percent), Germany (27.2 percent) and China’s Hong Kong (23.9 percent).
During the January-July period, Vietnam imported 984 million USD worth of seafood, a year-on-year increase of 27.8 percent.
According to the MARD’s Department of Produce Processing and Market Development, the upcoming imposition of a 10 percent tariff on all Chinese seafood exports by the US and China’s plan to levy a 25 percent tariff on US aquatic products will provide an opportunity for Vietnam to boost its exports to these two markets.
Vietnam had a total seafood output of more than 7.2 million tonnes in 2017, including roughly 3.4 million tonnes coming from catching, and over 3.8 million tonnes from aquaculture, according to the ministry.
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