Vietnam seafood exports to touch US$6.5 billion in 2013

ShrimpVietnamese shrimp exports in 2013 is expected to reach US$2.8bn, up 27 per cent from 2012. (Image source: Mervin Geronimo/Flickr)The Vietnamese seafood exports is expected to reach US$6.5bn this year, up five per cent against the previous year

According to Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam seafood exports have increased by 17.4 per cent to US$1.9bn in Q3 2013.

Shrimp products got strong rise in sales, especially whiteleg shrimp, as supplies from other producing countries in the world stumbled due to Early Mortality Syndrome (EMS), VASEP said. 

From January 2013 to September 2013, Vietnam sent products to 156 markets for total of US$4.8bn, up 6.4 percent against the same period of 2012. Seafood shipments in October grew 14 per cent to reach an estimated value of US$680mn.

The country has reportedly exported US$5.5bn worth of fish and shrimp in the first 10 months of 2013, up 7.3 per cent from a year ago.

According to the organisation, Vietnamese shrimp continued to show high growth in sales to main markets like the US, the EU, Japan and China. Vietnamese shrimp exports in 2013 is expected to reach US$2.8bn, up 27 per cent from 2012, where whiteleg shrimp has larger proportion of 48.7 per cent in nationwide shrimp exports.

However, pangasius sale was down due to less demands in importing markets. In September 2013, fish sales abroad valued at US$1.3bn, down 1.4 per cent. The figure continued to slide six per cent in October, leading to total value of US$1.43bn.

Last month, other seafood exports such as tuna, cephalopod, crab and swimming crab have also been under downward pressures, VASEP added.

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