Seafood export earnings surge 6.8 percent in 11 months

by LV03 December 2018 Last updated at 15:33 PM

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Việt Nam’s seafood export turnover in November reached US$852 million, raising the total value in 11 months to $8.1 billion, a year-on-year increase of 6.8 per cent.

Việt Nam’s seafood export turnover reached US$8.1 billion in the last 11 months, with tra fish making up 25 per cent of total export value.

HÀ NỘI — Việt Nam’s seafood export turnover in November reached US$852 million, raising the total value for the first 11 months to $8.1 billion, a year-on-year increase of 6.8 per cent.

Main contributors to the increase were tra fish ($2 billion), tuna and cuttlefish ($600 million) and octopus ($609 million).

The Agro Processing and Market Development Authority (AgroTrade) under the Ministry of Agriculture and Rural Development said that the US, Japan, China and the Republic of Korea were the four largest importers of Vietnamese seafood.

Meanwhile, markets with strong growth included Thailand (17.1 per cent), the UK (14.5 per cent), the Republic of Korea (12.2 per cent) and Australia (11 per cent).

From January-November, the country spent US$1.58 billion purchasing seafood from overseas, up 21.3 per cent from the same time in 2017.

AgroTrade gave a positive outlook for shrimp shipments in December and at the outset of 2019 as supply from large importers has dwindled dramatically. — LV