Vietnam

Vietnam's processed cephalopod exports to ASEAN on the rise

Fish & Seafood

Although they reported a decrease in the first month of 2017, starting with February 2017, Vietnam's cephalopod exports to ASEAN began to gain momentum, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Posted on Jan 26 ,13:32

 

Cephalopod exports from Vietnam to ASEAN reached US$59.6 million in the first 10 months of 2017, with a year-over-year increase of 47%, according to statistics from Vietnam CUstoms analyzed by VASEP.

Analysts from VASEP say that except for June, the cephalopod exports reported a two-digit year-on-year growth starting in February 2017.

ASEAN represented the fourth biggest importer of Vietnamese cephalopods, "representing 11.5% of total cephalopod export value."

Furthermore, ASEAN increased imports of squid from Vietnam. Vietnam squid sales to ASEAN took up over 95% of total cephalopod exports to the market.

From ASEAN, Thailand represented the largest market for Vietnam's cephalopod exports, having imported nearly 77% of the total cephalopod exported to this region. VASEP says that Thailand imported over US$44 million of Vietnam cephalopod in the first 10 months from 2017, up by 36.3% year on year.

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