Seafood exports decreased by 0.8% in the first 10 months of the year

The export turnover of agricultural, forestry and fishery products in October 2021 is estimated at 3.42 billion USD, raising the total export value of the first 10 months of 2021 to 38. 76 billion USD, according to a report by the Center for Informatics and Statistics. In which, aquatic product exports were anticipated to be worth $6.89 billion USD, down 0.8 percent.

Export

The export value of agricultural, forestry and fishery products was 38.76 billion USD in the first 10 months of the year, up 13.1% over the same period in 2020. In which, agricultural exports were estimated at 17.35 billion USD, up 12.7%; livestock exports were estimated at 359 million USD, up 6.1%; aquatic exports were estimated at 6.89 billion USD, down 0.8%; forest exports were estimated at 12.81 billion USD, up 22.3%; production inputs were estimated at 1.35 billion USD, up 22.3%; and salt was estimated at 2.4 million USD, up 8.1%.

In which, Vietnam’s agricultural, forestry and fishery exports to Asia’s nation reached 16.58 billion USD, up 10.2%. Besides, exports to America, Europe, Africa, and Oceania reached 11.63 billion USD, 4.43 billion USD, 723 million USD, 594 million USD, respectively. 

In the first ten months of 2021, Asia, America, Europe, Africa, and Oceania held 42.8 %, 30%, 11.4%, 1.9%, and 1.596% of the total export value of Vietnam’s agricultural, forestry, and fishery products, respectively.

The United States, China, Japan and South Korea are the 4 largest importers of Vietnam’s agricultural, forestry, and fishery products in the first 10 months of the year. Exports to the US accounted for 27.9% of total value, up 26.3% over the same period last year; China, Japan, and Korea accounted for 19.3%, 6.8%, 4.3%, respectively. 

For the seafood industry, the export value in October is estimated at 700 million USD, bringing the seafood export value in the first 10 months of 2021 to 6.89 billion USD, down 0.8% over the same period in 2020. In the first 9 months of 2021, the United States, Japan, and China are the largest exporters of Vietnamese seafood, accounting for 49.5% of the total seafood export value. In which, seafood export value climbed the most in Russia (+42.1%).

Import

In October 2021, the import value of agricultural, forestry, and fishery products was anticipated to be 3.44 billion USD, bringing the overall import value in the first 10 months of 2021 to 35.56 billion USD, up 39.1% over the same period last year.

The import value of agricultural products is estimated to be 22.5 billion USD, up 54%; the import value of livestock products, seafood, foresty products, production inputs, and salt was estimated at 2.9 billion USD, 1.6 billion USD, 2.6 billion USD, 6 billion USD, 16 billion USD, respectively.

Seafood is one of the main imported items with a revenue of 140 million USD in October, bringing the total value of imported seafood in the first 10 months of 2021 to 1.6 billion USD, up 11.7% over the same period in 2020.  With a share of 16.7%, 11.6 percent, and 8.8%, respectively, India, Norway, and China are Vietnam’s three major seafood importers. In comparison to the same period the previous year, the value of Vietnam’s imports from all three markets increased by 30.9%, 15.8%, and 31.3%, respectively.

As a result, the trade balance of Vietnam’s agriculture, forestry and fishery industry is estimated to achieve a surplus of 3.19 billion USD in the first 10 months of 2021, down 63.2% compared to commercial surplus in the same period in 2020.

In October, many localities loosen social distancing, facilitating the harvesting, transportation, consumption and export of agricultural, forestry, and aquatic products. produce. Although agricultural, forestry, and fishery production has been affected by the COVID-19 pandemic, it still grows well. After a long time of adopting social distancing in communities, seafood production began to recover.