In the first seven months of 2024, Việt Nam's exports to the EU reached nearly $38.88 billion, marking a significant 16.74% increase year-on-year. The trade turnover for July alone was over $6.45 billion, up 15.4% compared to the same month in 2023. Exports to the EU soared by 24.34% to exceed $4.82 billion, resulting in a trade surplus of $3.24 billion. Key export items included computers, electronic products, phones, machinery, and footwear, with the Netherlands being the highest turnover market at over $7.26 billion, followed by Germany at over $4.58 billion, Italy at over $2.95 billion, Spain at $2.35 billion, and Belgium at over $2.19 billion [00c020f3].
In addition to the EU market, Việt Nam's seafood export value reached nearly $6.3 billion in the first eight months of 2024, reflecting a nearly 9% increase year-on-year. Notably, August alone saw a remarkable growth rate of 20%, with exports nearing $953 million. Key contributors to this surge include shrimp exports, which rose by 30%, and pangasius, which increased by 18%. Tuna exports also saw a growth of 13%, while other marine fish experienced a 12% rise [3d0726c9].
The Vietnam Association of Seafood Exporters and Producers (VASEP) projects that total seafood exports for 2024 could reach between $9.4 billion and $9.5 billion, marking a 6% increase from 2023. This growth trajectory reflects Việt Nam's ongoing recovery efforts in the seafood sector, despite some challenges in raw material availability [3d0726c9].
As the global market continues to evolve, Việt Nam's seafood industry is adapting to changing demands and supply chain dynamics, positioning itself for further growth in the coming months. The robust performance in key seafood categories underscores the resilience of the sector and its importance to the national economy [3d0726c9].