Agriculture & Food

According to customs data, in November this year, Vietnam's exports of fish inspection amounted to 2.3 billion US dollars, up 77% year on year. Among them, the exports of fish inspection to Europe, China and the United States have maintained a momentum of growth.

According to customs data, recently, Vietnam's exports of Chayu to the European market reached 190 million US dollars, an increase of 103%. The strong recovery of the European market has made Vietnam Chayu account for 7-8% of Vietnam's total Chayu exports in this market. Vietnam's key markets in the EU are the Netherlands, Germany and Belgium, with export growth of 72%, 182% and 94% respectively.

The key market of Vietnam's fish inspection in Europe is the United Kingdom. Although the import volume of Vietnam's fish inspection is still up to 60 million US dollars, an increase of 32%, its proportion has decreased month on month.

The Trans Pacific Partnership Comprehensive and Progressive Agreement (CPTPP) market accounted for 13% of Vietnam's total exports of Chayu, with an export volume of US $310 million, up 74% year on year. Mexico and Canada are the two markets that import the most fish from Vietnam, with imports of US $101 million and US $55 million respectively in the first November. Vietnam's import of fish in the two markets increased by 67% and 88% year on year respectively.

According to customs data, the United States is the second largest export market of Vietnam Chayu, and Vietnam Chayu exports more than 540 million dollars to the United States market.

According to the customs data of the US Department of Agriculture, in the first 11 months, the country imported 127000 tons of frozen fish fillets from Vietnam, with the import volume exceeding 540 million US dollars. The import volume and import volume increased by 24% and 91% respectively year on year. According to customs data, although the export of fish inspection is growing slowly, it is predicted that the export of fish inspection will reach 2.4 billion dollars in 2022.