Vietnam Shrimp, Scad, Tuna And Other Aquatic Exports Have Dropped Significantly

Vietnam shrimp, scad, tuna and other aquatic exports have dropped significantly

Vietnam's exports of shrimp, fish, tuna and other major aquatic products fell sharply in August due to the impact of the COVID-19 pandemic, Vietnamese Business Daily reported on September 12.

After more than a month of social isolation measures and the "3 local" production model, Vietnam's exports of aquatic products in August were about $520 million, down 36 percent year-on-year, according to VASEP. Exports of almost all major products fell.

Exports of shrimp, fish, tuna, squid, octopus, crabs and other Marine fish all fell 35-40% in August from a year earlier.

Thanks to high export performance in the first seven months of the year, aquaculture exports still grew by about 6 percent to $5.5 billion in the first eight months of the year. Among them, shrimp exports reached nearly 2.4 billion US dollars, up 4%; Fish exports maintained a growth rate of 7% to $980 million; Tuna exports also rose more than 10 per cent to $460m. On the other hand, the exports of squid, octopus and other fish (except tuna and charfish) increased slightly by 2% and 4% respectively.

Production and exports of aquatic products remained subdued in September due to the complex COVID-19 situation in southern provinces, especially Ho Chi Minh City and some provinces in the southeastern region (Tongnai, Binh Duong), and limited and uneven vaccination of workers in industrial and export processing zones.

As a result, VASEP forecasts that seafood exports will continue to decline by at least 20 percent to $660 million in September.