Seafood exports decreased by 27.3% in first 7 months of 2023
Wednesday, August 23,2023AsemconnectVietnam - In the first seven months of 2023, Vietnam’s exports of seafood products reached over 4.93 billion USD, down by 25.6% compared to the first seven months of 2022.
According to the preliminary statistics figures of the General Department of Customs, Vietnam’s exports of aquatic products in July of 2023 increased by 1.4% compared to June of 2023 but decreased by 17.3% compared to July of 2022, reaching over 778.97 million USD. In general, in the first 7 months of 2023, the export value of this group of products reached over 4.93 billion USD, down by 25.6% compared to the 7 months of 2022.
The US market accounted for 17.3% of the country's total export turnover of this commodity group, reaching over 854.16 million USD, down by 41.8% compared to the first seven months of 2022. In July of 2023 alone, the country’s exports of seafood to the U.S reached 146.23 million USD, up by 2% compared to June of 2023 but down by 10.8% compared to July of 2022.
The second place in terms of turnover was the Japanese market, accounting for 17%, reaching nearly 838.97 million USD, down by 11.8% over the same period last year. In July of 2023 alone, the country’s exports to this market reached 125.16 million USD, down by 5.4% compared to June of 2023 and down by 17.3% compared to July of 2022.
The next was the Chinese market. In July of 2023, the country’s exports of seafood to China decreased by 5.5% compared to June of 2023 but increased by 7.9% compared to July of 2022, reaching 115.22 million USD. Totally, in the first seven months of 2023, the exports to this market decreased by 19.3% compared to the first seven months of 2022, reaching over 749.95 million USD, accounting for 15.2% of the country's total export turnover of this commodity group.
Seafood exports to the FTA RCEP market in the first seven months of 2023 decreased by 17.5% compared to the first seven months of 2022, reaching nearly 2.57 billion USD, accounting for 52% of the total turnover; the exports to the FTA CPTTP market decreased by 21.8%, reaching over 1.32 billion USD, accounting for 26.8%. Meanwhile, the exports to the EU market accounted for 10.1% of the total turnover, reaching over 498.66 million USD, down by 35.5%, and the export to the Southeast Asian market accounted for 7.7% of the total turnover, reaching nearly 377.8 million USD, down by 17%.
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Source: VITIC
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