Philippines consumes more Vietnamese seafood

27-Nov-2021 Intellasia | VOV | 5:02 AM Print This Post

The Philippines imported $18 million worth of seafood from Vietnam in October, a fivefold increase year-on-year according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The October value raised its 10-month seafood imports from Vietnam to $64 million, rising by 46 percent compared to the same period last year, making the Philippines Vietnam’s 13th largest seafood consumer, VASEP said.

Among the aquatic exports, pangasius fillets raked in $14 million and tuna brought back $13 million. Notably, shrimp exports rose by 79 percent to $5.6 million.

Currently, more than 100 businesses are involved in exporting seafood to the Philippines.

Overall, Vietnam earned $7.1 billion from seafood exports over 10 months, a year-on-year surge of 2.4%.

The US remained Vietnam’s largest seafood consumer, spending nearly $1.7 billion, an increase of 25%. It was followed by Japan, China and the European Union that consumed $1.08 billion, $872 million and $864 million worth of seafood from Vietnam respectively.


Category: Economy, Vietnam

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