Seafood export markets in first 4 months of 2023
Friday, May 19,2023
AsemconnectVietnam - In the first 4 months of 2023, Vietnam’s exports of seafood products reached over 2.57 billion USD, down by 29.6% compared to the first 4 months of 2022.
According to the preliminary statistics figures of the General Department of Customs, Vietnam’s exports of aquatic products in April of 2023 decreased slightly by 3.1% compared to March of 2023 and sharply decreased by 34.3% compared to April of 2022, reaching over 743.06 million USD. In general, in the first 4 months of 2023, the exports of this group of products reached over 2.57 billion USD, down by 29.6% compared to the first 4 months of 2022. Particularly, seafood exports by foreign-invested enterprises (FDI) ) accounted for 10.5% of the total export turnover of this commodity group of the country, reaching 268.79 million USD, down by 8.2%.
Japan was leading the list of the country’s seafood export markets, accounted for 17.3% of the total export turnover of this commodity group of the country, reaching over 443.85 million USD, down by 9.5% compared to the first 4 months of 2022. In April of 2023 alone, the figure reached nearly 121.79 million USD, down by 10.2% compared to March of 2023 and down by 14.8% compared to April of 2022.
The second place in turnover was the US market, accounting for 16%, reaching nearly 411.68 million USD, a sharp decrease of 51.6%. In April of 2023 alone, the exports to this market reached 128.65 million USD, a slight increase of 0.1% compared to March of 2023 but a sharp decrease of 53.3% compared to April of 2022.
The next was China. In April of 2023, the country’s exports of seafood to China increased by 11.4% compared to March of 2023 but decreased by 40.4% compared to April of 2022, reaching over 125.55 million USD. In the first 4 months of 2023, the exports to this market decreased by 32% compared to the first 4 months of 2022, reaching over 363.18 million USD, accounting for 14.1% of the total export turnover of this commodity group of the country.
The seafood exports to the FTA RCEP market in the first 4 months of 2023 decreased by 20% compared to the first 4 months of 2022, reaching over 1.35 billion USD, accounting for 52.5% of the total turnover; while the exports to the FTA CPTTP market decreased by 22.2%, reaching over 704.19 million USD, accounting for 27.4%; and the exports to the Southeast Asian market accounted for 8.4% of the total turnover, reaching over 215.11 million USD, down by 10.5%.
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Source: VITIC
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