Aquaculture production and export grow in January-April period

Alex Whitebrook/ May 4, 2018/ News/ 0 comments

In the first four months of the year, Vietnamese aquaculture production increased 6 per cent in volume compared to the same period in 2017, to 1 million tonnes, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD).

In relation to aquatic product exports, the sales abroad generated USD 2.4 billion in the analysed period, representing a year-on-year rise of 13 per cent.

In April the country raked in USD 650 million from the export of aquatic products.

The United States, Japan, China and the Republic of Korea were the biggest importers in the period from January to March, representing a 52 per cent growth of the Southeast Asian country’s total aquatic product exports.

MARD statistics revealed that the highest growth was reported in the Netherlands (55.7 per cent), China (44.6 per cent) and the UK (33.8 per cent).

The ministry informed that in the first four months of the year, the Mekong Delta region harvested some 373,000 tonnes of tra fish, representing a year-on-year surge of 8 per cent.

In the four-month period, Vietnam imported USD 536 million worth of aquatic products, which is a 27.4 per cent growth against the same period last year. Of the figure, 130 million worth of aquatic products were imported in April.

As to the outlook for the future, aquatic product exports in 2018 are expected to exceed USD 8.5 billion, which represent a 3 per cent.

This growth could be achieved although Vietnam’s exports to the US and EU markets will continue to be affected by catfish inspection, anti-dumping and illegal, unreported and unregulated fishing (IUU), according to the Vietnam Association of Seafood Exporters & Producers (VASEP).

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