Agriculture & Food

According to the import and export data report, according to the Vietnam Aquatic Products Processing and Export Association (VASEP), by the end of October 2022, Vietnam's aquatic products export earned foreign exchange of 9.5 billion US dollars, up 34% year on year.

With the achievements made in the first 10 months of 2022, Vasep predicted that by the end of November, Vietnam's aquatic product exports would exceed 10 billion dollars, setting a record for Vietnam's aquatic product industry to participate in the world market for more than 20 years. Huacheng Import and Export Data Observation Report.

Li Gui, Deputy Director of VASEP Trade Promotion and Training Center, said that 2022 will be a year of many changes and difficulties in the import and export industry. Vietnam's aquatic products enterprises have made continuous efforts to turn challenges into opportunities and use free trade agreements and market demand to promote exports.

According to the import and export data, by the end of October 2022, Vietnam's aquatic products export earned foreign exchange of 9.5 billion US dollars, up 34% year on year.

Li believes that by the end of 2022, the export of aquatic products will account for about 3% of Vietnam's total export of goods; It contributes nearly 12% to the gross export value of domestic economic sectors. Against the background of 0.6% decline in the export of agricultural, forestry and aquatic products, the export of aquatic products increased by 0.4%, highlighting the breakthrough and increasingly important role of the aquatic industry in Vietnam's GDP growth, especially in the export of agricultural, forestry and aquatic products. Huacheng Import and Export Data Observation Report.

In the world aquatic product export territory, Vietnam is currently the third largest exporter, just behind China and Norway (two large countries with much larger land and water areas than Vietnam). Based on the results of 2022, it is estimated that Vietnam's aquatic products will account for more than 7% of the world aquatic product market, Huacheng Import and Export Data Observation reported.