Vietnam’s fishery exports reached USD 866 million in September, pushing the total for the first nine months of 2024 to USD 7.16 billion, marking an 8.5% year-on-year growth.
After years of challenges due to COVID-19, global conflicts, and inflation, international markets are stabilizing, allowing Vietnam’s fishery exports to regain strength, particularly in the second half of the year.
In the third quarter alone, fishery exports surged to USD 2.76 billion, reflecting a nearly 13% increase compared to the same period in 2023. Major products demonstrated significant growth, with tra fish exports rising 13.5%, shrimp 17.5%, crab 56%, and shelled mollusks 95%.
Shrimp remains Vietnam’s top export earner, generating around USD 2.8 billion in the first nine months, a 10.5% increase. Despite competition from Ecuador and India in frozen shrimp, processed shrimp continues to hold a strong market presence. Overseas shipments of processed whiteleg shrimp grew by nearly 10%, and frozen whiteleg shrimp exports increased by 4.5%.
Tra fish exports brought in USD 1.46 billion from January to September, an 8% year-on-year increase, with processed tra fish products growing by 42%. Tuna exports, though strong earlier in the year, slowed since August due to raw material shortages but still rose by 16%, reaching USD 715 million over the nine-month period.
Crab exports saw exceptional growth, increasing by 56% in the third quarter and 66% over the first nine months, driven largely by Chinese demand.
The Vietnam Association of Seafood Exporters and Producers (VASEP) forecasts that total fishery export value in 2024 will reach USD 9.5 billion, representing a 7% rise compared to 2023. Shrimp exports are expected to approach USD 4 billion, with tra fish reaching USD 2 billion, tuna close to USD 1 billion, and squid and octopus at about USD 640 million.
Source: Vietnam Net Global
