Vietnams aquatic export forecast to top $8.5 bln in 2018
![Vietnams aquatic export forecast to top $8.5 bln in 2018](/temp/resize/400x300/upload/news/01-2018/ce2f937c-5a55b21be49519c0148b4567.jpg)
Vietnam’s export of aquatic products is forecast to top 8.5 billion USD in 2018, up nearly 3 percent from 2017, according to the Vietnam Association of Seafood Exporters and Processors (VASEP)
This year’s figure is estimated at more than 8.3 billion USD, marking a 19 percent rise year-on-year.
According to the VASEP, seafood export to most countries saw strong growth, excluding the US, Australia and Russia. The EU has replaced the US as the top importer of Vietnam’s aquatic products, followed by the US, Japan and China.
Seafood export to Japan posted two-digit growth with a total revenue of 1.3 billion USD, up nearly 18 percent from 2017.
Notably, China has surpassed the US in the list of the largest importers of Vietnam’s tra fish and shrimp. The neighbouring country is now the biggest importer of Vietnamese tra fish and the third largest importer of Vietnamese shrimp, after the EU and Japan.
Vietnam’s shipment of aquatic products to the US decreased slightly by 2.9 percent year-on-year, mostly due to pressure from catfish inspection that started from August 1,2017 and high anti-dumping tariff. Tra fish export to the country fell by 10 percent annually.
VASEP commented that Vietnamese seafood exporters will continue faring well in 2018 thanks to high demand for shrimp products and potential of major markets such as China, Japan and the Republic of Korea.
Có thể bạn quan tâm
![Long An to increase aquaculture area in 2018](/temp/resize/75x75/upload/news/01-2018/8092242b-5a52eceee4951967638b4567.jpg)
The Mekong Delta province of Long An plans to increase its aquatic farming area by 200 hectares to approximately 9,200 hectares
![Finding direction for tra fish exports](/temp/resize/75x75/upload/news/01-2018/f88ef4ed-5a545db6e4951953688b4567.jpg)
The tra fish exports to major markets, such as the US and EU, are steadily declining, contrary to the high growth in the Chinese market.
![Việt Nam gains record in seafood export value in 2017](/temp/resize/75x75/upload/news/01-2018/6e4643db-5a545e1fe4951929698b4567.jpg)
Việt Nam gained its highest ever seafood export value of US$8.32 billion in 2017, a year-on-year increase of 18 per cent