The export of key aquatic products posted strong rises in many markets in the first quarter of 2021, increasing Vietnam’s aquatic export turnover by 3 percent to 1.64 billion USD.
Hanoi (VNA) - The export of key aquaticproducts posted strong rises in many markets in the first quarter of 2021, increasingVietnam’s aquatic export turnover by 3 percent to 1.64 billion USD.
Of note, shrimp and tra fish exports rose 10 percent and 11 percent in March to270 million USD and 137 million USD, respectively.
Vietnam earned 646 million USD from exporting shrimp in the first quarter, upnearly 3 percent year-on-year, while the export value of tra fish totalled 336million USD, a rise of just 0.6 percent.
Exports of squid, octopus, and fish-related products also saw positive growth signs.
According to Le Hang, Deputy Director of the VASEP.PRO centre at the Vietnam Association of Seafood Exporters andProducers, the export of squid and octopus surged 8 percent in March,lifting the total export value in the first quarter to 112 million USD.
The European market is recovering thanks to tariff preferences under the EU-VietnamFree Trade Agreement (EVFTA), Hang said.
The US, Japan, the Republic of Korea, and China remained the biggest importersof Vietnamese aquatic products in the first two months of the year, accountingfor 53.8 percent of the total.
Aquatic export value rose in most markets, with the highest growth reported inRussia, of 44.6 percent.
Exports to China in the months to come are forecast to recover strongly as the countryresolves congestion at seaports and loosens procedures to prevent the spread ofCOVID-19 from imported aquatic products, especially frozen products.
Vietnam’s aquatic exports are predicted to hit 2.32 billion USD for the firstfour months, an increase of nearly 4 percent year-on-year./.
The districts of Go Cong Dong and Tan Phu Dong, which form key saline and brackish water aquaculture areas in the Mekong Delta province of Tien Giang, are targeting to have more than 10,500 ha of water surface area serving aquatic farming, mostly shrimp, this year.
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The Regional Comprehensive Economic Partnership (RCEP) could bring substantial benefits to Vietnam’s exports thanks to easier rules of origin compared to other free trade agreements, mostly apparel, farm produce, and aquatic products, experts have said.
HCM City’s agro-forestry-fisheries value increased 1.65 percent year-on-year in the opening three months of the year, the municipal Department of Agriculture and Rural Development has reported.
Vietnam’s export turnover of aquatic products in March has been estimated at around 640 million USD, bringing the total for the first quarter of the year to 1.64 billion USD, up 3 percent year-on-year.
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Illustrative image (Photo: VNA) 
