Processing shrimps for export (Photo: VNA)Hanoi (VNA) – Vietnamexported 7.24 billion USD worth of aquatic products in the past 10 months, up6.2 percent year-on-year, reported the Agro Processing Market DevelopmentAuthority (Agrotrade) under the Ministry of Agriculture and Rural Development.
In October alone, the country’saquatic product exports raked in 873 million USD, according to Agrotrade.
The US, Japan, China and theRepublic of Korea were the fourth biggest importers of Vietnamese aquaticproducts in the January-September period, accounting for 54.5 percent of thecountry’s total export value.
Vietnam’s aquatic product exportearnings from the British, Thai, Dutch, and Korean markets saw the highest growth,up 20.3 percent, 16.9 percent, 15.8 percent and 13.1 percent respectively.
During the 10-month period, thecountry imported 1.4 billion USD worth of aquatic products, an annual increaseof 21.6 percent. The figure included 141 million USD in October.
Agrotrade said global shrimpprices are showing signs of recovery, pushing up prices in Vietnam. Vietnameseprocessors have also signed big contracts serving year-end holiday demands.
Vietnam is seeing moreopportunities in the US market, which has increased its shrimp purchase inpreparation for Christmas since September. The US-China trade war has yet to becooled down. The US has recently announced lower anti-dumping tariffs on Vietnameseshrimp and tra fish imports. To meet domestic demand, China also reduced itstariffs on aquatic product imports from the Association of Southeast AsianNations, of which Vietnam is a member.
The prices of Vietnamese shrimpand Tra fish is projected to go up in line with higher export demands duringthe year-end period.-VNA
VNA
