Vietnam's seafood exports beat yearly target, rake in US$8.9 billion
Thanks to large-scale production in the last months of 2021, the seafood export value for the whole year rose 6% compared to 2021 reaching more than US$8.9 billion.
The result is beyond expectations, and it even beat the US$8.8 billion export target set earlier for the whole year, noted VASEP.
VASEP said that the prolonged COVID-19 outbreak had seriously impacted seafood production and exports, especially in the third quarter. However, the Government’s adopted strategy of living safely with COVID helped seafood processors maintain production and supply chains in the last months of the year.
Thanks to sound performances, seafood exports increased sharply by 23% in November and by 29% in December, hitting more than US$940 million.
Last year, the United States remained the largest consumer of Vietnamese seafood, spending more than US$2 billion on imports, up 26% year on year, and accounting for 23% of Vietnam’s export turnover.
The European Union market accounted for 12% of total turnover, with over US$1 billion, up 12% compared to 2020. Meanwhile, seafood exports to CPTPP countries brought in about US$2.2 billion, almost equivalent to 2020.
Overall, seafood was one of the six leading export items of the agro - forestry – fishery sector in 2021, as its export value made up 18.3% of the sector’s US$48.6 billion export total. Other key farm produce were wood products, cashew nuts, rubber, fruit & vegetables and rice.