VIETNAM CEPHALOPOD EXPORTS TO THE U.S. RISE OVER 30%

Jun 07 2018

According to Vietnam General Customs, Vietnamese companies earned a total revenue of US$ 3.922 million from cephalopod exports to the US market in the first 8 months of this year. This represents an increase of nearly 33% over the same period of 2014. The US is one of Vietnam's biggest cephalopod importing market, after South Korea, Japan, EU, ASEAN, China and Hong Kong. In August only, cephalopod exports to the US worth US$ 1.04 million, up 134.2% year-on-year.

According to the US National Marine Fisheries Service (NMFS), through July, the US imported 40,334 MT of squid, which valued at US$ 139.89 million. The US sourced squid from 25 countries around the globe. Imports from China took 57.3% or US$ 80.23 million, down 0.108% year-on-year.

In the first 7 months of 2015, the US imported 13,603 MT of octopus, worth US$ 73.915 million, up 30% in volume and up 29% in value comparing to the same period of 2014. Imports from Vietnam mounted 271.7 MT, worth US$ 1.172 million, down 4% in volume but increased 0.8% in value.
 

 

Source: vasep.com.vn