Seafood products export likely to reach $1.84b in Q3/2012

The Vietnam Association of Seafood Exporters and Producers (VASEP) has forecast that in this material market situation with some changes in domestic factors, Vietnam’s marine products exporting revenue in Q3/2012 are estimated to be $1.84 billion, up 7 percent year-on-year. It will lead to a hit of over $4.7 billion in 9-month exporting revenue and target of $6.5 billion in 2012 will probably be accomplished.

About exporting goods in Q3/2012, VASEP confirmed that exporting revenue from seafood is expected to reach $675 million in Q3, accounting for 36.6 percent total maritime products exporting revenue. Of which, revenue from tuna will reach $175 million, $165 millions is expected to be revenue from quid and octopus, crabs and other crustaceans will make a revenue of $35 million and the rest of $275 million will be revenue from different kinds of sea fishes.

Marine product source for exporting will not be in a shortage in this quarter due to a 9 trillion dong bailout package for catfish which will boost catfish production and make conditions for their procurement of raw materials.

Q3 is the high time of shrimp harvesting creating more shrimp resources than that in the previous quarter.

About exporting markets, VASEP shared that the biggest markets which are American and some potential market like Korea, Australia, Mexico and China continue to have big demand and increase marine product importing from Vietnam

 

Category: Business