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Friday, July 19, 2024

Vietnam’s shrimp and tuna exports surge in Q1

By Truc Dao

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HCMC – The first quarter of this year saw Vietnam gaining a 22.2% increase in tuna export and a 15% rise in shrimp export, compared to the same period of the preceding year.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the country’s total seafood export revenue in the first three months reached around US$2 billion, an 8% year-on-year pickup.

In March alone, seafood exports totaled US$770 million, a 1% increase against last year.

Shrimp exports in March contributed significantly to this growth, generating nearly US$276 million and propelling the total export revenue for the January-March period to over US$690 million, a 15% year-on-year increase.

Notably, tuna exports surged by 24.5% to US$89 million in March. This robust performance boosted the total tuna export turnover in the first quarter to over US$220 million, up by 22.2% over the year-ago period.

The U.S., Japan, and China emerged as Vietnam’s top three seafood importers, with the U.S.’s seafood imports from Vietnam rising 16% to US$330 million. Meanwhile, exports to Japan remained steady, and exports to China grew by 15% over the previous year.

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