April 18, 2025 | 08:41 GMT +7
Hotline: 0913.378.918
April 18, 2025 | 08:41 GMT +7
Hotline: 0913.378.918
Vietnam is South Korea’s third largest seafood supplier. Photo: TL.
According to the Korean Customs Service, during these ten months of 2021, South Korea's seafood imports increased by 5.9% in both volume and value over the same period in 2020, reaching 1.17 million tons, valued at USD 4.49 billion.
Vietnam's seafood imports into South Korea in the past ten months reached 124.3 thousand tons, worth USD 625.2 million, down 0.8% in volume, but up 4.4% in value in comparison to the same period last year.
Vietnamese seafood currently accounts for 10.7% of South Korea's total imports. Vietnam is the third largest seafood supplier to South Korea after China and Russia at the moment.
The Import-Export Department (Ministry of Industry and Trade) forecasts that South Korea's seafood imports in the remaining months of 2021 and early 2022 will experience a sharp increase periodically. There will be a rise in import demand for high-value aquatic products.
This is an opportunity for Vietnam to soon boost the export of high-priced shrimp products to South Korea in the context that the whole country is entering a period of production recovery adaptive to the “new normal” situation in the fight against Covid-19.
Translated by Samuel Pham
(VAN) With an annual production scale of around 5 million tons, Vietnam has enough potential to transform rice bran into a key export commodity if combined with deep processing.
(VAN) As the world’s largest consumer of bird’s nest products, China is gradually becoming a 'golden' market for Vietnamese bird’s nests.
(VAN) Deputy Minister Phung Duc Tien has directed the fishery sector to diversify its farming objectives during the conference reviewing Q1 performance and outlining tasks for April and Q2/2025.
(VAN) Consumption and production falls in almost every market as industry fears a ‘generational’ change in drinking habits.
(VAN) U.S. President Donald Trump's trade war with China comes at a bad time for sorghum growers like Dan Atkisson in Kansas, who is nevertheless preparing to increase plantings by 25% this spring.
(VAN) Japan will sell more rice from its emergency stockpile through July in an attempt to stabilise soaring prices, the agricultural minister said.
(VAN) The Philippines is making efforts to diversify its rice import sources in order to reduce its dependence on Vietnamese rice. However, Vietnamese rice has managed to maintain its strong position in this market.
