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Shrimp processing. (Photo Credit: VASEP)

Seafood exports reach highest ever value in October

Click on the flag for more information about Viet Nam VIET NAM
Friday, November 22, 2013, 23:50 (GMT + 9)

Vietnam seafood exports in October 2013 reached a historical record of USD 776 million, an increase of nearly 30 percent year-on-year, mainly due to a sharp rise in shrimp exports. The recovery of pangasius and cephalpods sales also contributed to the overall increase in this month’s seafood exports, reports the Vietnam Association of Seafood Exporters and Producers (VASEP).

In October, shrimp exports were up 74 percent and reached the highest ever level of USD 404 million. Vannamei shrimp sales experienced a three-fold growth compared to 2012 and accounted for 57 per cent of the country’s total shrimp exports, with USD 229 million. Black shrimp represented 37.8 per cent, with USD 153 million.

Through October 2013, vannamei sales accounted for 49 per cent of Vietnam’s total shrimp exports, while the proportion of black tiger shrimp was over 44 per cent.

Thanks to higher prices and a weaker global supply of raw shrimp, Vietnamese shrimp exports until October 2013 yielded nearly USD 2.5 billion, an increase of 33 per cent year-on-year, accounting for 44 per cent of total seafood exports (USD 5.57 billion).

Pangasius sales recovered by 6.4 per cent in October, compared to the same month in 2012, reaching USD 173 million. However, sales during the first ten months of 2013 fell by 0.5 percent year-on-year to USD 1.45 billion.

Tuna exports maintained a downward trend, particularly those of ocean (fresh/frozen/chilled) tuna, falling 14.3 per cent from October 2012, to USD 39 millon. Total tuna exports through this month fell by 5.4 per cent to USD 454 million.

In October, cephalopod exports recovered by 7 per cent year-on-year to USD 51 million, but exports during the first ten months fell by 14 per cent to USD 360 million.  

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