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Vietnam spends big on Indian seafood

Trung Chanh
Wednesday,  Dec 6,2017,23:44 (GMT+7)
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Vietnam spends big on Indian seafood

Trung Chanh

Vietnam has spent more than US$1.3 billion on seafood imports from India since early 2016 - PHOTO: UYEN VIEN

CAN THO - Vietnam has imported more than US$1.3 billion worth of seafood from India in 2016-2017, up 53% against the 2015-2016 period, according to a report of the Agricultural and Processed Food Products Export Development Authority (APEDA) of India.

Vietnam has become a major buyer of Indian seafood, accounting for nearly 23% of India’s total seafood exports.

Frozen fish make up the largest proportion of India’s seafood exports to Vietnam, at  43%, followed by shrimp (30%), frozen squid (7%), frozen cuttle fish (7%) and dried seafood (7%).

Data of the Ministry of Agriculture and Rural Development of Vietnam shows that the country’s total seafood imports in January-November this year hit US$1.3 billion, up 32.5% compared to the same period last year.

India was Vietnam’s largest seafood supplier in the first 11 months, accounting for more than 26% of the country’s total seafood imports, followed by China with 8.2%, Norway with 7.9%, Taiwan 7.4%, and Japan 5.6%.
According to APEDA, Indian seafood exports to Vietnam are subject to tariffs of 10-30%.

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