Jan-April: Seafood exports up 26 percent in value

In April 2011, Vietnam’s Seafood exportes reached nearly US$ 466 million in value, up 23.5 % against the same period last year.  

Seafood exports in Jan-April amounted to more than 404MT, worth US$1.6 billion, up 7.1 percent in volume and 26.3 percent in value over the same period last year.
Seafood exports to worldwide market during Jan-April are as follows:

Shrimp: 61,338MT (up 20%), US$573 million (up 34%). Average price to most export markets increased, for example, average export price to EU is at US$9.33 per kilo.

Pangasius: 208,445MT (up 5.6%), US$521.3 million (up 23%). Exports to Brazil experienced the highest growth rate. Meanwhile, exports to EU – a major market, reached 65,609MT (down 9.4%), and US$170.8 million (up 1.6%), accounted for nearly 33 percent of the country’s total seafood export value. Average export price to EU increased slightly due to increasing price of raw material and unstable supply in the domestic markets.

Tuna: 30,927MT (up 15.8%), US$148.18 million (up 36.5%). Exports to major markets such as Japan, EU, the US and Iran significantly increased. Exports to the US accounted for nearly 53 percent of the country’s total tuna export value. Tuna export price is expected to increase further thanks to higher demand in worldwide markets.

Cephalopods: 25,871MT (up 8.8%), US$124.15 million (up 22.3%). Exports increased significantly to most major markets, especially to South Korea and EU.

Bivalve: 8,857MT (down 16.7%), US$24.7 million (up 19.6%).

Due to mass mortality of clams in the main producing locations in various provinces leading to lower harvest and servere shortage of raw material for processing. Bivalve exports significantly decreased in recent months. It is expected bivalve exports to keep on downward trend as there has been no recovery signal from large farming areas.
Source: Vietfish International
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