Agriculture & Food

According to SeafoodNews on March 30th, according to Vietnamese customs data, the export volume of products from the South China Sea in the first two months of 2023 was 235300 tons, a year-on-year decrease of 26%, with an export value of 1 billion US dollars, a year-on-year decrease of 32.9%.

It is expected that after entering the second quarter of this year, exports of products from the South China Sea will increase, but the recovery rate will not be as fast as the same period last year.

Nguy, Deputy Secretary General of the Vietnamese Association of Aquatic Exporters and Producers (VASEP)? Ho à i Nam stated that China is a huge market, and exporters of products from the South China Sea are very interested in the Chinese market.

Customs data shows that in the past five years, the export of products from the South China Sea has been continuously increasing in China, with fresh product exports reaching approximately 2 billion US dollars, accounting for over 20% of the Chinese market share.

Compared to other major seafood countries such as Ecuador or India, Vietnam is currently the largest supplier of seafood to the Guangxi seafood market in China. Guangxi ranks among the top five major regions in China that import seafood from Vietnam.

Nguy? Ho à i Nam pointed out that exporting seafood to China must comply with regulations 248 and 249. In the current digital era, we need to make good use of China's registered platforms, but some platform technologies currently pose certain obstacles for exporters. We hope that China can pay attention to such issues in order to better strengthen bilateral trade.

According to customs data, Vietnam's shrimp export revenue in 2022 reached 1 billion US dollars, making it the largest export category among seafood, with exports to China reaching 161 million US dollars. In recent years, Vietnamese shrimp sales in China have accounted for 40% -50% of the total seafood exports to China, and this proportion exceeded 50% in 2022.

Customs data shows that in the first two months of this year, the export value of products from the South China Sea to China decreased by 7% to $160 million, while the export value to other markets decreased at a double-digit rate. Customs data shows that in February, while exports to most markets continued to decline, exports to China increased by 33% to $120 million.