Lobster exports reeled in nearly 30 million USD in January and February, an over 18-fold increase compared to the same period last year, the Vietnam Association of Seafood Exporters and Producers (VASEP) has reported.
Lobster exports reel in nearly 30 million USD in January and February, an over 18-fold increase compared to the same period last year. (Photo: VNA)
Hanoi (VNA) - Lobster exports reeled in nearly 30 million USD in January and February, an over 18-fold increase compared to the same period last year, the Vietnam Association of Seafood Exporters and Producers (VASEP) has reported.
China remained the largest importer of the product with a value of nearly 29 million USD, 27 times higher against 2023.
Since October 2023, China has ceased importing Vietnamese ornate spiny lobsters due to regulations related to its wild animal protection law. On January 20 this year, a delegation from the Ministry of Agriculture and Rural Development led by Deputy Minister Tran Thanh Nam worked with the authorities of China’s Guangdong province on agricultural trade development cooperation. Both sides agreed to coordinate in resolving issues related to the trade of sturgeons and spiny lobsters under special mechanisms.
Apart from China, Vietnam also exports lobsters to Thailand, Malaysia, Singapore, and the US.
According to VASEP, seafood exports also rose by 13% annually in the period, primarily driven by a remarkable 64% surge in January.
Several key products saw positive growth in the two months, with the export turnover of whiteleg shrimp increasing by 18%, tuna 21%, tra fish 6.5%, and giant tiger prawn 9%./.
As a high-class, nutrient-rich seafood specialty, lobsters have very high economic value. In the recent years, the South Central Coast has became the "kingdom" of lobster farming in Vietnam.
Vietnam saw a record 30-fold growth in lobster exports to reach a total of 130 million USD in the first half of the year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Since China’s reopening on January 8, the export of Vietnamese lobster to this market has increased, but the purchase price of the seafood delicacy has been variable at best, putting farmers at risk of loosing money.
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Lobster exports reel in nearly 30 million USD in January and February, an over 18-fold increase compared to the same period last year. (Photo: VNA) 
