Nine-month seafood exports to China jumps over 85%: Ministry

Vietnam's seafood export value is expected to be $900 million in October 2022, according to the Ministry of Agriculture and Rural Development, bringing the total value of seafood exports in the first ten months of 2022 to $9.39 billion, an increase of 32.7% over the same period of 2021.

Pangasius export is predicted to be worth $183 million. This brings the export value of this type of fish in the first 10 months of 2022 to $2.063 billion, up 76.5% over the same time in 2021. 

In October 2022, the export value of shrimp is projected to reach $444 million. The expected value of shrimp exports for the first ten months of 2022 is $3,840 million, a 20.3% increase over the same time in 2021.

In the first nine months of 2022, the import value accounted for 50.1% of the total seafood export value in the top 3 seafood import markets for Vietnamese seafood, which are the United States, Japan, and China.

As a result, the value of seafood exports rose in nearly all markets in the first nine months of 2022, with the exception of Russia (down 11%). China has had the largest rise in seafood export value, up 85.2%.