In spite of the many difficulties still facing, Vietnam's seafood exports are expected to grow by more than $8.5 billion in 2018, up about 3 percent year on year, according to the Vietnam aquatic processing and export association (VASEP).
The association quoted Vietnamese general administration of customs statistics show that as of November 15, all Vietnam aquatic product export volume has reached $8 billion, an increase of nearly 18%, with exports reached us $300 million in the second half of December, is expected to Vietnam aquatic products exports reached more than $8.3 billion in 2017, an increase of nearly 19%.
The Vietnam aquatic products and export association said that exports of Vietnamese aquatic products to all markets, excluding those of the United States, Australia and Russia, had fallen slightly. The four major export markets for Vietnam are the European Union, the United States, Japan and China.
In 2017, Vietnamese aquatic products exported about $1.47 billion to the eu, up 21.2 percent year on year. This is the first time the European Union has surpassed the United States as the largest export market for Vietnam's aquatic products. It is worth mentioning that in 2017, China has overtaken the us to become the largest export market for Vietnamese charfish. At the same time, China is also the third-largest export market for Vietnamese shrimp after the European Union and Japan. It is said that China will continue to be a potential and important export market for Vietnamese aquatic enterprises.
The results obtained from 2017, Vietnam's aquatic product processing and export association says, based on positive growth of shrimp products and exports to major markets such as China, Japan and South Korea, Vietnam aquatic products exports in 2018 will continue to grow, is expected to reach more than $8.5 billion.