Total exports of Basa Fish increased by 93.6 percent
 
According to the Vietnamese Association of Seafood Exporters and Producers (VASEP), basa exports in most of the world's major markets are growing significantly.  In the first two months of this year, total exports of basa fish rose 93.6% to $384.8 million.  At the end of February, the export of basa fish to the US was 94.57 million US dollars, increased by 119.7%. 
 
Many Vietnamese companies pulled out of the market after basa fish exports to the European Union fell for the second consecutive year.  Basa fish exports to the EU have fallen sharply during the COVID-19 pandemic.  In the first two months of this year, however, basa exports to the European Union rose about 76% to $28 million.  
 
Currently there is a sharp rise in the price of basa fish due to a shortage of raw fish as many households stopped production in the wake of the COVID-19 pandemic, according to farmers and basa exporters.  As a result, demand for pasha exceeds supply.   Basa prices are expected to continue rising in the near term as gasoline and animal feed prices are expected to rise.   

Shrimp exports are expected to reach 4 billion DOLLARS  

In Ca Mau Province, seafood exports reached us $165 million in the early months of 2022, the year-on-year growth rate reached up to 101%.  Prawn exports from Bac Lieu province exceeded 113 million US dollars, increased more than 6% compared to the same period in 2021.  

VASEP also said that in the first two months of this year, Vietnamese prawns exports in major markets such as the United States, the European Union, Japan, South Korea, China and the United Kingdom showed significant growth. The United States remains Vietnam's largest shrimp import partner, accounting for 21% of the total value of shrimp exports.

 

Shrimp exports to China also showed signs of recovery, reaching $39.7 million (14% growth).  It is expected that China's shrimp imports will continue to maintain an upward trend in 2022.  VASEP pointed out that companies exporting to China need to ensure control and prevention of SARS-Cov-2 during production and export.

 

Shrimp exports are expected to have significant and contentiously growth in March due to strong market demand.  Full-year exports are expected to reach about $4 billion by 3% more.