In the first eight months of 2020, Vietnam’s seafood import value reached nearly $1.15 billion, down 3.8% as compared to the same period last year.
According to the General Department of Vietnam Customs, Vietnam spent more than $151 million importing seafood of all species, up 1.5% from the previous year and 8.8% as compared to the same period last year. This is the fourth time of the year Vietnam has seen consecutive growth in imported seafood volume.
The seafood imports in the first eight months reached nearly $1.15 billion, down 3.8% as compared to the same period last year.
In August, Vietnam ramped up importing seafood from Denmark, valued at $2.34 million and up 324% from July; from Canada, valued at $13.2 million and up 308%; from the US, valued at $4.6 million, up 98%; and Taiwan, valued at $8.8 million, up 61%.
On the other hand, imports of seafood slumped in Ireland ($33,733 million, down 95%), Singapore ($23,720 million, down 80%), and Bangladesh ($22,750 million, down 648%).
Among top sellers of seafood to Vietnam in August, India was given the first rank with a worth of $24.5 million, accounting for over 16% of the country’s seafood import value. The second was Norway, with a worth of $16.7 million, accounting for over 11%. The third was Southeast Asia with $16 million, accounting for approximately 11%.
In the first eight months of 2020, top seafood suppliers with a worth of over $100 million to Vietnam include India ($161 million, up 19% as compared to the same period last year and accounting for 14% of Vietnam’s seafood import volume), Norway ($134.4 million, down 8% and accounting for 12%), the Southeast Asia ($121 million, down nearly 4%, accounting for 11%), and Japan ($111.3 million, up 30% and accounting for 10%).
In general, seafood import volume decreased in the first eight months of 2020 as compared to the same period last year, with a plunge being recorded in Singapore ($1.5 million, down 87%), Canada ($28.4 million, down 33%), and Korean ($29 million, down 46%).
Meanwhile, imports from Myanmar jumped by 95%, reaching $3.9 million, from Poland increasing by 61% with a worth of $7.6 million, and from Malaysia rising by 50% with $10 million.