The Vietnam Association of Seafood Exporters and Producers (VASEP) said that in November, seafood exports reached about 780 million USD, down by over 14% over the same period in 2021. This is also the first month. For the first time since the beginning of the year, seafood exports have grown negatively.

In commodities, except squid - octopus increased by 6.3%, other marine fish increased by 9.4%; The rest of the main products such as shrimp, pangasius, and tuna all decreased by double digits. The deepest decrease was tuna (down 26.6%), followed by pangasius (down 25.9%), shrimp down 19.5%...

Pangasius exports in November 2022 decreased by nearly 26% compared to the same period in 2021. Photo: CK

In the first 11 months of 2022, Vietnam's seafood exports reached 10.2 billion USD, an increase of nearly 28% compared to the same period in 2021. In which, shrimp products earned over 4 billion USD (up 14%), pangasius reached over 4 billion USD. nearly 2.3 billion USD (up 63.1%), tuna reached 941 million USD (up 40%), squid - octopus reached 704 million USD, up 30%...

Regarding the market , the US is the No. 1 market of Vietnam's seafood exports in the 11 months of 2022 with a turnover of over 2 billion USD, an increase of nearly 10%. Next is China - Hong Kong and Japan with about 1.6 billion USD. EU market reached over 1.2 billion USD; Korea over 882 million USD…

According to VASEP, after strong growth in the first three quarters of the year, seafood export growth slowed down in October when it increased by only 2% over the same period, and in November, it decreased by more than 14% compared to the same period in 2021.

It is forecasted that in the last month of 2022, seafood exports will fall further and the decline will last until 2023. Inflation heavily affects import markets, causing purchasing demand for the first quarter of 2023. almost stalled.