Aquatic exports show positive signs

10:04 | 04/08/2014

VGP – Viet Nam’s aquatic exports in the second quarter of 2014 reached US$1.9 billion, bringing the total export value in the first half to US$3.6 billion, a year-on-year increase of 25%, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP).

Illustration photo

Half of the first half’s export turnover was contributed by shrimp, which attained nearly US$1.8 billion, or up 621%.

Meanwhile, cuttle-fish, octopus, crabs and other sea fish witnessed a double digit growth rate in the second quarter.

Statistics of the Ministry of Agriculture and Rural Development showed the US maintains the largest seafood importer of Viet Nam, accounting for 23%.

Japan, the Republic of Korea and China saw sharp increases of 8.36%, 45.92% and 51.74%, respectively, in imports of the product from Viet Nam.

The VASEP forecasted that this year will be a successful year for the aquatic sector as China, Japan and the EU maintain as key importers.

By Thuy Dung