Vietnam's cephalopod exports increased by 28%
Vietnams sold its cephalopods to 37 markets and witnessed growth in export value in all the markets in the first month of 2018 compared to year-earlier levels. The only exception was the EU market, were exports went down by almost 30%.
"The supply of raw materials and the demand remained high from the main markets, which facilitated the growth of Vietnam's cephalopod exports in January. However, the growth rate is slower than that of 2017 due to the decline in the export value to the EU from the impact of the yellow card warning," VASEP's analysis read.
Squid products remained as the main export items of Vietnam in January 2018, accounting for 54% of the total export value. Out of cephalopod products for exports, shipments of dried/salted/fresh/live/frozen octopus (HS code 03) took up the highest proportion of 34%; followed by fresh/live/frozen squid (HS code 03), accounting for 30%.
The export value of processed octopus (HS code 16) registered the highest increase of 114%; followed by dried/grilled squid (HS code 03) with 97%; dried/salted/live/fresh/frozen octopus (HS code 03) with 28%; with that of live/fresh/frozen squid (HS code 03) was down 8% over the same period in 2017.
In January 2018, Vietnam exported cephalopod to 37 markets. Of that, the export value to top 9 main markets picked up 99% of Vietnam’s total cephalopod export value.
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