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Viet Nam Surimi Exports to Russia Increase Sharply

31 October 2014

VIET NAM - Total export value in nine months (January-September 2014) reached over $206 million, up nearly 31 per cent year on year. It is due to the surge in exports to key markets such as China, Taiwan and Russia that boosted the export value of this commodity.

South Korea: In the first four months of the year, Viet Nam surimi exports to Korea have grown gradually. Korea, imported 32 per cent of total surimi from Viet Nam and continued to be the biggest consumption market in the first nine months of 2014, with the total export value of over $66.7 million, up five per cent year on year, reports Vasep.

ASEAN: This year, surimi imports of ASEAN countries (except for Viet Nam) tended to increase compared to the same period last year. ASEAN is currently imports these items from more than 35 countries inside and outside the block. In particular, Viet Nam and Indonesia are two countries most exported products to ASEAN countries.

Until September 2014, surimi imports from Viet Nam to ASEAN have enjoyed 2-digit growth rates. Particularly in September, export value of surimi from Viet Nam into Thailand rose nearly 47 per cent, into Singapore rose nearly 28 per cent and into Malaysia rose nearly 50 per cent.

Total surimi export value to ASEAN in the first nine months of 2014 reached over $47 million, up 53 per cent year on year. 

China: In September 2014, China, made up over 15 per cent of Viet Nam’s total surimi exports. Viet Nam surimi exports to China in the first nine months of 2014 reached nearly $31 million, up 58 per cent year on year.

Japan: From January to August 2014, Japan’s surimi imports were more than $372 million, up nearly 13 per cent year on year. Thailand, the origin for 20 per cent of total surimi imported by Japan, was the leading surimi supplier to Japan. After July, China surpassed Viet Nam to be ranked the second in surimi exports to Japan.

Russia: After the seafood import ban on many countires, Russian enterprises have shifted their imports to Asian countries. As a result, in September, Viet Nam’s surimi exports to Russia rocketed with a growth rate of 143 per cent. Surimi exports from Viet Nam to Russia in the first nine months of 2014 reached over $8 million, up 118 per cent year on year.

TheFishSite News Desk

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