Vietnam’s seafood exports hit US$4.63 billion in first seven months

Saturday, 2018-08-04 17:06:36
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Seafood exports in the first seven months of 2018 was estimated at US$4.63 billion.
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NDO - The value of Vietnam’s seafood exports in the first seven months of 2018 was estimated at US$4.63 billion, up 6.3% over the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).

The US, Japan, China and the Republic of Korea were the largest importers of Vietnamese seafood in the first half of 2018, accounting for 53.5% of the total value.

Seafood exports also saw strong growth in the Netherlands, Germany and Hong Kong (China) at 56%, 27.2% and 23.9% respectively.

During the January-July period, Vietnam imported US$984 million worth of seafood, up 27.8% compared with the same period of 2017.

According to the MARD Department of Produce Processing and Market Development, the imposition of a 10% tariff on all Chinese seafood exports by the US and China’s plan to levy a 25% tariff on US seafood will provide an opportunity for Vietnam to boost its exports to these two markets.