The US, Japan, China and the Republic of Korea were the largest importers of Vietnamese seafood in the first half of 2018, accounting for 53.5% of the total value.
Seafood exports also saw strong growth in the Netherlands, Germany and Hong Kong (China) at 56%, 27.2% and 23.9% respectively.
During the January-July period, Vietnam imported US$984 million worth of seafood, up 27.8% compared with the same period of 2017.
According to the MARD Department of Produce Processing and Market Development, the imposition of a 10% tariff on all Chinese seafood exports by the US and China’s plan to levy a 25% tariff on US seafood will provide an opportunity for Vietnam to boost its exports to these two markets.
