Seafood exports in August plummeted because of COVID-19
Seafood exports in August plummeted because of COVID-19
The seafood export results in August clearly reflected the impact of COVID-19 stress in Ho Chi Minh City and 18 southern provinces on the seafood industry. Exports to all markets in August decreased by 16 - 50% over the same period in 2020.
Exports to China and Japan both fell sharply by 36%, to the EU decreased by 32% (only to the Netherlands decreased by nearly 50%, Germany decreased by 42%). Exports to the US and Russia fell by at least 16%.
Exports to the UK fell by 48%, to Australia and Canada by 35% and 37% respectively.
With a turnover of USD 588 million, seafood exports in August decreased by nearly 28% compared to the same period last year and decreased in most key products. Exports of shrimp, pangasius, tuna, squid, octopus, crabs and other marine fish all decreased by 20-33% over the same period in 2020.
Compared to July (which is the month that still maintains an increase in turnover thanks to inventories), exports in August decreased by 31%, of which shrimp decreased the most (down 36%), pangasius decreased by 31%, tuna and fish decreased by 31%. other seas down 25%, squid, octopus down 23%...
The COVID-19 epidemic broke out strongly in the focus area of Vietnam's seafood, accounting for 90-95% of the country's seafood export turnover as well as the industry's labor force, causing difficulties and high pressure to break the supply chains for the business community.
Compared to July 2021, the number of enterprises participating in seafood export in August decreased by more than 100 units. Compared to the same period in 2020, the number of enterprises participating in exporting was 150 units less.
In the first 8 months of 2021, seafood exports reached nearly $5.6 billion, still increasing by about 7% thanks to high export results in the first 7 months of the year.
In which, shrimp exports increased by 6.4% to $2.45 billion, pangasius exports reached $993 million, up 8.8%, tuna exports increased by 12%, squid, octopus and other fish exports 4-5% increase.
By the end of August, exports to the US still maintained a growth rate of nearly 27%, and to the EU increased by 10%.
After a long enough distancing, many businesses said that it would be alarming if they could not resume production soon before September 15.
In the case that businesses are allowed to return to normal production after easing the distance after September 15, the ability to meet orders for the year-end holiday season is also quite limited, new orders are almost difficult to fulfill.
The seafood export results in August clearly reflected the impact of COVID-19 stress in Ho Chi Minh City and 18 southern provinces on the seafood industry. Exports to all markets in August decreased by 16 - 50% over the same period in 2020.
Exports to China and Japan both fell sharply by 36%, to the EU decreased by 32% (only to the Netherlands decreased by nearly 50%, Germany decreased by 42%). Exports to the US and Russia fell by at least 16%.
Exports to the UK fell by 48%, to Australia and Canada by 35% and 37% respectively.
With a turnover of USD 588 million, seafood exports in August decreased by nearly 28% compared to the same period last year and decreased in most key products. Exports of shrimp, pangasius, tuna, squid, octopus, crabs and other marine fish all decreased by 20-33% over the same period in 2020.
Compared to July (which is the month that still maintains an increase in turnover thanks to inventories), exports in August decreased by 31%, of which shrimp decreased the most (down 36%), pangasius decreased by 31%, tuna and fish decreased by 31%. other seas down 25%, squid, octopus down 23%...
The COVID-19 epidemic broke out strongly in the focus area of Vietnam's seafood, accounting for 90-95% of the country's seafood export turnover as well as the industry's labor force, causing difficulties and high pressure to break the supply chains for the business community.
Compared to July 2021, the number of enterprises participating in seafood export in August decreased by more than 100 units. Compared to the same period in 2020, the number of enterprises participating in exporting was 150 units less.
In the first 8 months of 2021, seafood exports reached nearly $5.6 billion, still increasing by about 7% thanks to high export results in the first 7 months of the year.
In which, shrimp exports increased by 6.4% to $2.45 billion, pangasius exports reached $993 million, up 8.8%, tuna exports increased by 12%, squid, octopus and other fish exports 4-5% increase.
By the end of August, exports to the US still maintained a growth rate of nearly 27%, and to the EU increased by 10%.
After a long enough distancing, many businesses said that it would be alarming if they could not resume production soon before September 15.
In the case that businesses are allowed to return to normal production after easing the distance after September 15, the ability to meet orders for the year-end holiday season is also quite limited, new orders are almost difficult to fulfill.
Exports to China and Japan both fell sharply by 36%, to the EU decreased by 32% (only to the Netherlands decreased by nearly 50%, Germany decreased by 42%). Exports to the UK fell by 48%, to Australia and Canada by 35% and 37% respectively. With a turnover of USD 588 million, seafood exports in August decreased by nearly 28% compared to the same period last year and decreased in most key products. Compared to July (which is the month that still maintains an increase in turnover thanks to inventories), exports in August decreased by 31%, of which shrimp decreased the most (down 36%), pangasius decreased by 31%, tuna and fish decreased by 31%. other seas down 25%, squid, octopus down 23%... The COVID-19 epidemic broke out strongly in the focus area of Vietnam's seafood, accounting for 90-95% of the country's seafood export turnover as well as the industry's labor force, causing difficulties and high pressure to break the supply chains Compared to July 2021, the number of enterprises participating in seafood export in August decreased by more than 100 units. In the first 8 months of 2021, seafood exports reached nearly $5.6 billion, still increasing by about 7% thanks to high export results in the first 7 months of the year. In which, shrimp exports increased by 6.4% to $2.45 billion, pangasius exports reached $993 million, up 8.8%, tuna exports increased by 12%, squid, octopus and other fish exports 4-5% increase. By the end of August, exports to the US still maintained a growth rate of nearly 27%, and to the EU increased by 10%. After a long enough distancing, many businesses said that it would be alarming if they could not resume production soon before September 15. In the case that businesses are allowed to return to normal production after easing the distance after September 15, the ability to meet orders for the year-end holiday season is also quite limited, new orders are almost difficult to fulfill.