Slight decrease in Vietnam's cephalopod exports
Based on a good export growth between January and March, in the first 4 months the total export value reached almost US$176 million, with an increase of 12.5% compared to year-earlier levels.
VASEP says squid products kept as the main export items in the period. Exports of cephalopod products increased compared to the same period in 2017, except for other processed squid and live/fresh/frozen squid.
There was still a good growth in exports towards the South Korean market. In April shipments to this market were up 7% to almost US$19 million, while in the first four months the figure reached US$64 million, up 12% compared to year-earlier levels.
Currently, the share of Vietnam's cephalopod sales to this market has increased to 37%.
Vietnam’s cephalopod exports to Japan in April 2018 decreased. Exports of this item to the market valued at US$11 million, down 4% over the same period in 2017. The figure in the first 4 months of this year estimated to US$42 million, up 11% compared to the same period last year.
Vietnam’s cephalopod exports to European Union in April 2018 reached US$6 million, down 34% compared with April 2017. The figure in the first four months of this year hit US$23 million, decreasing by 20% year on year.
Italy, France and Spain continued to hold as top three biggest importing markets of Vietnamese cephalopod in the EU. Of that, exports to Italy and France continued to decrease by 26% and 13%, respectively.
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