Two-month export of aquatic products up 4.4 percent
The export of aquatic products earned the country 372 million USD in February, bringing the total export value of those products in the first two months of 2019 to 1.11 billion USD, up 4.4 percent from a year ago.
Hanoi (VNA) – Theexport of aquatic products earned the country 372 million USD in February,bringing the total export value of those products in the first two months of 2019to 1.11 billion USD, up 4.4 percent from a year ago.
According to the Department of Farm Product Processingand Market Development under the Ministry of Agriculture and Rural Development, the top four importers of Vietnam’s aquatic products in the period were Japan,the US, China and Republic of Korea, which accounted for 53 percent of thetotal export value.
Strong growth was recorded in shipments toMexico (32.4 percent), Canada (27.8 percent), the US (24.9 percent) and Japan(17.7 percent).
Meanwhile, the country imported247 million USD worth of aquatic products in January-February, down 9.3 percentfrom the same period last year.
The department forecast thatVietnamese pangasius exporters will face strong competition from Myanmar on theChinese market in the time ahead, as Myanmar will soon complete a complex ofpangasius breeding farms in Ayeyawady to serve export.
However, there is good news for shrimpexporters as they will benefit from favourable tariffs under the Comprehensiveand Progressive Agreement for Trans-Pacific Partnership (CPTPP) which tookeffect for Vietnam on January 14 this year.
The department envisionedtwo-digit growth for shrimp shipments to Japan in 2019 while advising theexporters to renew their approach to the Japanese market, enhance promotion ofproducts and continue to improve product quality.
The export of aquatic productsis expected to rise by 17 percent to 3.5 billion USD this year despite likelyhurdles, according to the Vietnam Association of Seafood Exporters andProducers (VASEP).-VNA
The fisheries sector is aiming at 10 billion USD in the export of aquatic products in 2019, a year-on-year rise of 11 percent, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).
The fisheries sector is aiming at 10 billion USD in the export of aquatic products in 2019, a year-on-year rise of 11 percent, according to the Vietnam Association of Seafood Exporters and Producers.
Vietnam’s agro-forestry-fishery exports in February hit 1.93 billion USD, bringing the figure in the first two months of this year to 5.5 billion USD, a decrease of 1.6 percent year-on-year, according to the Ministry of Agriculture and Rural Development (MARD).
The agricultural sector posted a trade surplus of 1 billion USD in the January-February period despite a year-on-year decrease of 1.6 percent in export value.
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The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
Illustrative image (Source: VNA) 
