Agriculture & Food

Fish products are the most popular imported seafood category in China. According to customs data, the import volume of frozen fish in China increased by 15% to 500000 tons year-on-year in the first quarter of this year, accounting for nearly 50% of the country's seafood imports.

Customs data shows that the import volume of frozen fish in China has increased by 21.1%, reaching 7.57 billion yuan, accounting for 25% of the total import volume. However, China's purchase of Vietnamese Basha fish has decreased by 17.8%, to approximately 45000 tons. Importers are less willing to increase their purchases, mainly due to existing inventory, market demand, and price fluctuations.

According to a survey, the Chinese market is recovering, and the performance of the domestic catering industry is improving. Customs data shows that the import volume in March increased by 125% month on month. The supply potential of Vietnamese fish products to China is increasing. According to customs data, in March this year, the number of Vietnamese salmon purchased by China increased by 29% year-on-year to 27000 tons, while the import of frozen fish increased by 56.3% year-on-year to 230000 tons. The import value was 3.28 billion yuan, an increase of 60.2% year-on-year.

Customs data shows that in the first quarter of this year, the export volume of products from the South China Sea to China decreased by 22% to 143 million US dollars, and the total export volume decreased by 35% to 422 million US dollars. The export volume of products from the South China Sea to the United States and Brazil decreased by 64% and 40%, respectively.