In the first two months of 2018, Vietnam witnessed an increase in its exports of squid and octopus of 24.7%, totalling over $78 million, according to Vietnam’s Association of Seafood Exporters and Producers (VASEP).
In the period, Vietnam exported cephalopod to 38 markets, in which the export value to the top leading markets all grew well over the same period in 2017 except for the EU (-9.1%).
The supply of raw materials in addition to the high demand in the major markets supported the growth of Vietnam’s cephalopod exports in the first two months of 2018.
Squid products continued to be the main export products of Vietnam in the first two months of 2018, accounting for 53.6% of total export value, while octopus products accounted for 46.4%. Of that, exports of dried/salted/fresh/frozen octopus (HS code 03) accounted for the highest proportion of 35.2%; followed by fresh/live/frozen squid (HS code 03) with 31.7%.
