In 2020 and 2021, seafood exports to the CPTPP bloc decreased by 2%, mainly due to the impact of Covid affecting trade and reducing import demand. Accordingly, exports to Japan decreased by 3% and 7% respectively in 2 years, which was the main reason for the decrease in total exports to this bloc.
However, exports to Canada, Australia, Malaysia, Mexico and New Zealand have been quite positive in the past 2 years. In which, seafood exports to Australia maintained positive growth for 3 consecutive years: increasing by 6%, 10% and 22% respectively. Exports to Canada in 2020 increased sharply by 14%, but in 2021, it decreased slightly by 2% due to the Covid epidemic causing increased freight rates, lack of shipping containers to North America.
Vietnam's seafood exports to the EU in 2020 decreased by 26% to about 960 million USD, the main reason was due to Brexit, the UK leaving the market. The UK is a large import market of this block with seafood import turnover from Vietnam from 280 to 340 million USD/year. Therefore, if only counting EU27 (except for the UK), exports to this bloc in 2020 will not decrease.
In the context of Covid and the IUU yellow card, stable exports to the EU show that the clear impact of the EVFTA agreement has boosted exports to this market.
In the first 7 months of 2021, shrimp and seafood exports to the EU and many CPTPP countries increased sharply thanks to higher demand after better control of COVID-19, maintaining a stable source of raw materials for export and application. Preferentials for export and application. Preferential tax on goods with domestic raw materials.
Source: Vasep.com
