Vietnam’s exports of fishery products decreased by 4.97 percent in December compared to November, reaching US$872.07 million, according to data from Vietnam’s General Department of Customs.
Vietnam’s exports of fishery products total US$10.04 billion for 2024, reflecting a strong performance despite the month-on-month decline.
The decrease in exports was driven by a reduction in shipments to China, which saw a 7.08 percent decline, amounting to US$155.56 million. Exports to Japan and South Korea also showed a decline of 18.45 percent and 9.67 percent, respectively. Exports to Thailand and the Philippines also decreased by 19.45 percent and 25.11 percent, respectively.
However, some markets showed positive growth. Exports to Australia, the UK, Germany, and Mexico increased by 7.29 percent, 7.95 percent, 19.78 percent, and 31.02 percent, respectively.
See also: Seafood Processing in Vietnam
Vietnam fishery products exports, December 2024, US$
December | November | MoM | 2024 | |
Total | 872,071,760 | 917,686,926 | -4.97% | 10,040,016,233 |
Other | 101,098,040 | 105,167,557 | -3.87% | 1,208,701,417 |
China | 155,557,326 | 167,409,080 | -7.08% | 1,729,512,619 |
USA | 150,482,494 | 151,860,572 | -0.91% | 1,832,900,465 |
Japan | 120,862,813 | 148,215,324 | -18.45% | 1,532,249,518 |
South Korea | 74,953,178 | 82,981,401 | -9.67% | 806,663,307 |
Australia | 33,420,474 | 31,148,872 | 7.29% | 343,138,835 |
Canada | 24,599,155 | 26,187,141 | -6.06% | 278,314,665 |
Thailand | 23,676,204 | 29,392,760 | -19.45% | 258,591,641 |
UK | 22,878,869 | 21,193,543 | 7.95% | 311,416,025 |
Russia | 22,491,546 | 21,499,450 | 4.61% | 231,401,784 |
Germany | 19,340,963 | 16,147,274 | 19.78% | 202,346,075 |
Taiwan | 18,399,199 | 15,833,046 | 16.21% | 168,043,191 |
Netherlands | 16,366,287 | 15,262,542 | 7.23% | 198,120,274 |
Hong Kong | 16,007,052 | 13,920,793 | 14.99% | 154,641,803 |
Brazil | 12,005,887 | 13,488,193 | -10.99% | 129,134,396 |
Belgium | 11,007,252 | 11,000,676 | 0.06% | 140,887,309 |
Singapore | 10,841,750 | 9,299,025 | 16.59% | 94,832,093 |
Mexico | 10,503,061 | 8,016,387 | 31.02% | 105,476,350 |
Philippines | 9,834,818 | 13,132,308 | -25.11% | 108,208,592 |
Malaysia | 9,725,351 | 10,081,659 | -3.53% | 112,536,381 |
Italy | 8,020,041 | 6,449,323 | 24.35% | 92,899,493 |
See also: How to Start an Export Business in Vietnam.