Vietnam ranks third among seafood suppliers to RoK

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

Vietnam was the third largest provider of seafood products to the Republic of Korea (RoK) in the opening 10 months of the year, according to the Korean Customs Service.

The country exported a total of 124,300 tonnes of aquatic products worth $625.2 million throughout the reviewed period, a drop of 0.8 percent in volume and an increase of 4.4 percent in value against the same period last year.

Currently, Vietnamese seafood accounts for 10.7 percent of the RoK’s total imports, making Vietnam the third largest seafood supplier to this market, behind only China and Russia.

The RoK’s seafood imports during the remaining months of the year and into early 2022 are anticipated to skyrocket, with its import demand for high-value aquatic products picking up, according to the Import-Export Department under the Ministry of Industry and Trade.

This will offer an opportunity for Vietnamese firms to boost the export of high-priced shrimp products to the RoK in the near future.

The RoK’s seafood imports during the reviewed period increased by 5.9 percent year-on-year in both volume and value to 1.17 million tonnes worth $4.49 billion.


Category: Economy, Vietnam

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