Seafood exports hit $2.45 bln in Q1

Vietnam’s seafood export revenue in the first quarter of the year reached $2.45 billion, increasing 26% year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

In March alone, revenue from seafood exports reached nearly $889 million, marking a year-on-year rise of nearly 20%.

Shrimp topped aquatic products with export turnover hitting $931.6 million, soaring 35.7% compared to the same period last year. This surge was largely attributed to robust demand from major markets such as China, the US, and the EU.

Meanwhile, tra fish exports raked in $465 million, an annual rise of 13%.

Revenue from overseas shipments of crabs, swimming crabs, and molluscs with shell fish stood out as a highlight in the first quarter, reaching $86.4 million, up 66% year-on-year.

Export value of tuna, however, dropped slightly 3.6% to $222.7 million.