Seafood exports down 4.6 percent in four months

Vietnam’s seafood export turnover was estimated at US$464 million, bringing its total earnings in the first four months of the year down to more than US$1.7 billion, 4.6 percent lower than in the same period last year.

The information was released by the General Department of Fisheries, under the Ministry of Agriculture and Rural Development (MARD).

The fall in export turnover was attributed to low demands from three major markets. For example, Vietnam’s seafood exports to the US, Japan and the Republic of Korea were down 4.2 percent, 6.3 percent and 24.5 percent respectively. Only its aquatic exports to China and Thailand went up 50.2 percent and 23.7 percent compared to last year’s first quarter figures.

Tra fish exports from Ben Tre, Vinh Long and Can Tho were restricted by protective tariffs barriers in foreign markets.

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