Vietnam’s aquatic product export to the EU in the first six months of this year reached 490 million USD, a year-on-year increase of 20%.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP) the export of natural aqua-product increased 24% to about 150 million USD, while raised aqua-products went up 18% reaching about 330 million USD.
The EU is Vietnam’s 4th biggest aquatic export market, followed by the US, Japan, and China. The Netherlands, Germany, Belgium, and Italy are major importers of Vietnam’s shrimp and tuna.
Luong Hoang Thai, Director of the Department for Multilateral Trade Policy, said that aquatic export has taken advantage of the EU-Vietnam Free Trade Agreement over the past year.
“The aquatic sector has high added value and helps Vietnam change its export structure. In the first half of the year, it has taken advantage of 70% of the EVFTA for Vietnam’s total export volume to the EU, a high rate compared with other agreements,” Thai said.