Vietnam

Vietnamese shrimp and fish imports are rising

Fish & Seafood

Despite its role as a major global seafood producer, the Asian country has increased the value of fish and shrimp imports in the first 5 months of the year.

Posted on Jul 17 ,11:45

Imports of fish and shrimps are rising in Vietnam, the Southeast Asian country using India, Norway, Taiwan, China and Japan as suppliers to cover the demand on the domestic and foreign markets.
In May, Vietnam imported seafood products worth $163 million, up to 29% compared with the previous months and 60% higher than the same month of last year, reports Vietnamnet.
The total import value for the first five months of 2018 stood at $698 million, a year-on-year rise of 33%. Notably, India has increased its presence in the Vietnamese market by 15% in this period, making up for 22% of the country's seafood imports. Indian seafood products imported by Vietnam have reached $152 million, with sugpo prawn as the main item.
In addition, the country bought sugpo prawn, tuna, and cuttlefish from Taiwan; salmon from Norway; mackerel, salmon, and cod from Japan; and shrimp, crab and seaweed from Indonesia.
Some of the foreign markets where Vietnam has increased seafood exports in the last months have registered a growth in demand for fish and shrimps: Indonesia (up 78%), Malaysia (83%), Poland (74%), Canada (78%) and the Republic of Korea (72%).

 

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