Vietnam’s seafood export turnover in the first 11 months of 2020 hit 7.75 billion USD, down 0.9 percent from the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).
Hanoi (VNA) - Vietnam’s seafood export turnover in the first 11 months of 2020 hit7.75 billion USD, down 0.9 percent from the same period last year, according tothe Ministry of Agriculture and Rural Development (MARD).
In November alone, the country raked in 800 million USD from exporting seafood,with 418.99 million USD from shrimp and 174.64 from Tra (pangasius) fish.
The US, Japan, mainland China and the Republic of Korea (RoK) were the major import markets of Vietnamese seafoodproducts in the last 11 months, making up nearly 60 percent of total exportvalue, the ministry said.
Vietnam also spent 1.59 billion USD on importing seafood duringJanuary-November, a year-on-year decrease of 1.4 percent.
Of the total imports, 14.4 percent came from India, 11.1 percent from Norway,and 9.2 percent from Japan./.
With its continuous growth over the past 10 years, ASEAN has become an important market for Vietnamese seafood, and the prospect of 1 billion USD worth of yearly seafood export revenue is reachable.
Vietnam’s seafood export turnover in June reached 794 million USD, raising the total value for the first half of the year to nearly 4 billion USD, up 0.3 percent year on year, according to the Ministry of Agriculture and Rural Development’s Agro Processing and Market Development Authority (AgroTrade).
Vietnam’s export of aquatic products in July showed positive signs with an increase of 9 percent year-on-year, particularly with exports of shrimp and other products rising, except for pangasius.
With its current position, Vietnam is in top five countries supplying large seafood in the world and quality products such as shrimp, catfish, tuna have been present in the toughest markets.
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Processing shrimp for exports (Photo: VNA) 
