Sun. Apr 14th, 2024

Aquatic export turnover in May is estimated at 479 million USD,
resulting in a total value of 2.2 billion USD for the first five months
of this year, down by 5.6 percent against the same period last year.

The decrease was attributed to several factors such as
diseases in shrimps and high input costs as well as technical barriers,
anti-dumping tax and anti-subsidy tax in export markets.

As a result, the export turnover to all three largest markets
including the US, Japan, and the Republic of Korea saw
notable decrease compared to the corresponding period last year. Export
to the US stood at 331 million USD, down 1.1 percent; Japan, 294
million USD, down 4.9 percent; and the RoK, 118 million USD, down 20
percent.

However, sales to China and Thailand surged by 41 percent and 19 percent year on year, respectively.

Despite some signs of recovery in demands, aquatic export in the
coming months is expected to continue to dive, according to the Vietnam
Association of Seafood Exporters and Producers (VASEP).

Nevertheless, many exporters think shrimp export to Japan will bounce
back in the coming time thanks to the country’s recent decision to end
Trifluralin test on all shrimps imported from Vietnam.-VNA

By vivian