Seafood export fetch $8.3 billion in the first nine months

Seafood export fetch $8.3 billion in the first nine months

Seafood export turnover in September reached nearly $991 million, an increase of 7.5 per cent compared with the same period last year

Workers at a shrimp processing factory in HCM City. VNA/VNS Photo

Seafood exports have surged over the past nine months, bringing in more than US$8.3 billion, up 15.5 per cent year on year, thanks to strong growth in shrimp and tra fish exports across multiple markets, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Seafood export turnover in September alone reached nearly $991 million, a rise of 7.5 per cent compared with the same period last year. In total, exports for the first nine months amounted to $8.33 billion, up 15.5 per cent, marking a strong recovery after a subdued period.

Shrimp continued to lead the way, with export earnings over the nine months exceeding $3.38 billion, up 20.3 per cent, driven by steady demand from the United States, Japan and the European Union, alongside rising orders from Asian markets.

Tra fish also maintained positive momentum, earning more than $1.6 billion, an increase of nearly 10 per cent. The recovery of demand in China, the United States and several Middle Eastern countries reinforced Việt Nam's position in the global market.

Other products, including marine fish, squid and octopus, also saw robust growth. After nine months, marine fish exports reached $1.61 billion, up 18.5 per cent, while squid and octopus earned nearly $550 million, up 18.7 per cent. Bivalve molluscs rose more than 30 per cent to $192 million. Tuna exports, however, slipped slightly to $705 million.

China and Hong Kong (China) remained the country’s largest seafood markets, with nine-month export earnings of $1.76 billion, up 32.1 per cent.

Meanwhile, exports to the United States slowed, with September figures down more than 6 per cent, though total turnover still reached $1.41 billion, up 6.8 per cent, affected by anti-dumping duties and the Marine Mammal Protection Act (MMPA).

Japan and the EU maintained steady growth, generating $1.27 billion and $885 million, respectively. Exports to South Korea reached $645 million, while shipments to ASEAN countries and the Middle East brought in $536 million and nearly $295 million, respectively. 

Experts noted that sustaining growth will require the sector to respond proactively to policy changes, diversify export markets and increase investment in deep-processed and environmentally friendly products.

Applying technology in aquaculture, improving processing methods and promoting the national seafood brand through culinary and e-commerce channels will help enhance value and expand market share. 

Bizhub