Vietnam ranks fifth among aquatic product exporters of Japan

Workers process shrimp for export at a factory in Hau Giang province. (Photo: VNA)

Hanoi (VNA) – Vietnamwas the fifth largest supplier of aquatic products for Japan in the first 10months of this year, data from the Japan Customs show.

Between January and October,Vietnam shipped 111,100 tonnes of aquatic products worth 94.94 billion JPY (840million USD) to Japan, up 1.1 percent in volume but down 2 percent in value yearon year.

The Foreign Trade Agencyunder the Vietnamese Ministry of Industry and Trade said the market share ofVietnam’s aquatic products in the Northeast Asian country increased slightly to7.3 percent in the 10 months, from 7.2 percent in the same period of 2020.

Meanwhile, Japan’s demand foraquatic imports often peaks in December and January, when this country marksthe New Year festival.

Besides, as COVID-19 has beenbrought under control in Japan, big-sized shrimp products of Vietnam will havemany chances to raise their market share there during this time, the agency noted,recommending businesses further improve product quality to compete with rivalsfrom Indonesia and India.

During the 10 months, Japanimported 1.53 million tonnes of aquatic products valued at 1.17 trillion JPY,down 0.2 percent in volume but up 3.9 percent in value./.

VNA