Aquatic exports up 1.3% in 8 months

The export value of aquatic products are estimated at US$591 million for August, bringing the total turnover in the first eight months of this year to US$4 billion, a year-on-year increase of 1.3%.

According to statistics by the Ministry of Agriculture and Rural Development, the US remains Vietnam’s largest seafood importer, accounting for 20.9% of the total turnover. It bought US$712.31 million worth of products in the January-July period, up 6.1% from the same period last year.

Exports to China, Thailand and Canada also enjoyed remarkable increases in value of 52.7%, 9.6% and 6.8%, respectively, over the same period of 2012.

However, decline was seen in exports to the Republic of Korea (19.1%), Spain (11.5%) and Japan (1%).

Vietnam spent US$415 million on importing aquatic products in the first eight months, down 7.2% year-on-year.

India and China’s Taiwan are the two largest suppliers of aquatic products to Vietnam, accounting for 14.2% and 11.4% of its total import turnover, respectively.