February 14, 2018
Vietnam cephalopod exporters continue to rake it in
Vietnam's cephalopod exports as of the end of November 2017 totalled US$570.8 million, up 46% over the same period last year in 2016, according to the latest data available, as reported by the Vietnam Association of Seafood Exporters and Producers.
Vietnam's cephalopod exports in the whole of 2017 expected to total $655 million, or 49% more than a year before.
Exports of squid products continued to take the main share of Vietnam's cephalopod exports in 2017, accounting for 57% of total export value in the first 11 months of 2017.
Fresh/live/frozen squid picked up the highest proportion of 37% of total cephalopod exports, followed by dried/salted/fresh/live/frozen octopus, with 36%.
Vietnam exported cephalopod to 62 markets, with the top nine main importing markets accounting for 99% of the total export value in the first 11 months.
South Korea remained as Vietnam's largest importer of cephalopod, accounting for 34.8% of Vietnam's total cephalopod exports to markets. In January-November 2017, exports to this market reached $198.4 million, up 34.4% over the year before.
Japan is 2nd-biggest importer
The second-biggest importer of Vietnamese cephalopod was Japan, accounting for 23.8% of total Vietnamese cephalopod export value. Sales to Japan in the first 11 months of 2017 were estimated at $135.9 million, up 39% year-on-year.
The EU continued to be the third-largest importer of Vietnamese cephalopod in the 11-month period. The export value to the 28-member bloc as of November 2017 remarkably increased 63.6% to $98.7 million. Italy, Spain and France remained as the top three buyers of Vietnamese cephalopod in the EU.
ASEAN continued to hold the fourth rank, as Vietnam's cephalopod exports to the region in the first 11 months of 2017 touched $66.2 million, up 42.6% over the previous year. Thailand and Malaysia were the two major importers of Vietnamese cephalopod in the 10-member ASEAN.
Vietnam's cephalopod exports to China and Hong Kong, the fifth-biggest importer, amounted to US$37.8 million, up 145.6% over the same period in 2016.
The US ranked 6th among the top importers of Vietnamese cephalopod. Although its imports of Vietnamese shrimp and pangasius decreased, those of cephalopod were up 93.7% to $8.8 million in the first 11 months 2017. Rick Alberto (email@example.com)