Home Commodities

Squid and octopus exports to the US soar

Feb 23rd at 08:07
23-02-2018 08:07:31+07:00

Squid and octopus exports to the US soar

Total exports of squid and octopus from Viet Nam to the US reached US$ 9.7 million last year, up 94.7 per cent from 2016, reported the Viet Nam Association of Seafood Producers and Exporters (VASEP).

 

Two major products exported to the US are frozen squid and frozen octopus.

In 2017, exports of squid and octopus to the US increased from more than $1 million in the first quarter to $3.5 million in the fourth quarter.

Statistics of the US International Trade Commission (ITC) showed that the country imported squid and octopus from 38 sources worldwide in the first 11 months last year, worth $295.8 million, down 29.2 per cent from the same period of 2016.

Viet Nam is currently the ninth largest source of supply for this market.

The average price of squid and octopus in Viet Nam is currently high at $7.4 per kg, while that of India is $5/kg, China $5.1/kg, Indonesia $6.8/kg and Thailand up to $8.7/kg.

bizhub

MOST READ

NEWS SAME CATEGORY

Viet Nam imports flowers worth $18m for Tet
COMMODITIES Feb 22nd at 09:15

Viet Nam imports flowers worth $18m for Tet

Viet Nam imported flowers and ornamental plants worth US$18 million from December 1, 2017, to January 31, 2018, for the Lunar New Year.

Exports of tra fish to UK increase
COMMODITIES Feb 22nd at 08:16

Exports of tra fish to UK increase

Tra fish exports to the UK were worth US$45.7 million last year, an increase of 2.5 per cent over the previous year, according to the Vietnam Association of Seafood...

Gold shops prepare for surge on God of Wealth Day
COMMODITIES Feb 22nd at 08:14

Gold shops prepare for surge on God of Wealth Day

Gold shops are stocking various products to take advantage of the huge demand on the God of Wealth Day, which falls on the 10th day of the Lunar New Year (February...

Petrol price decreases for first time in 2018
COMMODITIES Feb 22nd at 08:12

Petrol price decreases for first time in 2018

The retail price of petrol RON95 decreased VND400 per litre from 3pm on Wednesday, according to an announcement by the ministries of industry and trade and finance.

New Ford EcoSport’s innovations raise the bar
COMMODITIES Feb 18th at 20:18

New Ford EcoSport’s innovations raise the bar

Marking the success of its 20-year development journey in the Vietnamese market, Ford Vietnam, part of US automotive giant Ford Motor, has launched its new flagship...

Gia Lai farmers struggle to find higher prices for VietGap coffee
COMMODITIES Feb 18th at 20:04

Gia Lai farmers struggle to find higher prices for VietGap coffee

Local authorities and farmers who grow coffee under Vietnamese Good Agricultural Practices (VietGap) in Gia Lai Province are seeking a better selling price for...

VN aims to expand meat exports
COMMODITIES Feb 18th at 20:01

VN aims to expand meat exports

Viet Nam is trying to tackle the weakness of the pig industry, including the processing and distribution of pork, to promote the export of high-quality meat...

Ca Mau hopes crabs are the next big thing
COMMODITIES Feb 16th at 15:15

Ca Mau hopes crabs are the next big thing

The southernmost province of Ca Mau is aiming to develop crab farming to make the crustacean its second biggest aquatic export after brackish shrimp.

Sale of cars in January up 28% year-on-year
COMMODITIES Feb 14th at 22:41

Sale of cars in January up 28% year-on-year

As many as 26,037 cars were sold in January, marking a year-on-year increase of 28 per cent, reports the Vietnam Automobile Manufacturers’ Association (VAMA).

Plastics export turnover to increase by 15%
COMMODITIES Feb 14th at 22:27

Plastics export turnover to increase by 15%

Exports of plastics are expected to grow by 12–15 per cent this year, according to the Viet Nam Plastics Association (VPA).

Read More

Commodity prices

MOST READ

Back To Top