Vietnam’s squid and octopus exports to US surge

12:20 | 04/03/2018 Trade

Vietnam’s squid and octopus exports to the US reached US$9.7 million last year, up 94.7 percent from 2016, reported the Vietnam Association of Seafood Producers and Exporters (VASEP).

vietnams squid and octopus exports to us surge
Two major products exported to the US are frozen squid and frozen octopus - Photo: baocongthuong.com.vn

Two major products exported to the US are frozen squid and frozen octopus.

In 2017, squid and octopus exports to the US increased from more than US$1 million in the first quarter to US$3.5 million in the fourth quarter.

Statistics of the US International Trade Commission (ITC) showed that the country imported squid and octopus from 38 sources worldwide in the first 11 months last year, worth US$295.8 million, down 29.2 percent from the same period of 2016.

Vietnam is currently the ninth largest source of supply for this market. The average price of squid and octopus in Vietnam is currently high at US$7.4 per kg, while that of India is US$5/kg, China US$5.1/kg, Indonesia US$6.8/kg and Thailand up to US$8.7/kg.

Theo VNA