Jan-August fishery trade surplus reaches $4.2 billion

23-Sep-2021 Intellasia | The Saigon Times | 5:02 AM Print This Post

Vietnam reported a fishery trade surplus of over $4.23 billion between January and August despite the impact of the Covid-19 pandemic.

The fishery sector made $5.57 billion in export revenue while its import bill was $1.34 billion, up 7 percent and 17.3%, respectively, over the same period last year, according to the general Department of Vietnam Customs.

The United States was Vietnam’s largest buyer of fishery products during the eight-month period, with a value of over $1.3 billion, rising by 26.9 percent year-on-year and accounting for 23.3 percent of the sector’s total exports.

Japan came second with a value of over $870 million, down 3.7 percent year-on-year and making up 15.8 percent of the sector’s total exports, followed by the European Union, China and South Korea.

Meanwhile, India was the country’s biggest fishery product supplier between January and August, with a value of over $229.1 million, soaring by 41.3 percent year-on-year and representing 16.9 percent of the sector’s total imports, followed by Norway and Southeast Asia.

In August alone, Vietnam’s fishery export revenue reached over $595 million, down 30.3 percent month-on-month, while the import value of the products amounted to $147.5 million, down 15 percent month-on-month.

Despite the decline in the import and export turnover, the fishery industry earned a trade surplus of $447.5 million in August.

https://english.thesaigontimes.vn/jan-aug-fishery-trade-surplus-reaches-us4-2 billion/

 

Category: Economy, Vietnam

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