Vietnamese clam exports to the EU show signs of rebound

Vietnamese clam exports to the EU have experienced a 19% increase in value in the April and May of 2024, compared to the same period in 2023. The total export value for the first five months of 2024 was 26 million USD, which is 25% less than the same period in 2022. Steamed frozen clams make up 69% of the export value. Spain, Italy, and Portugal are the primary importers, accounting for 90% of the total export value. Despite a decrease in exports to Portugal, Spain has seen a 29% increase in clam imports in the first five months of 2024. Over 20 enterprises are involved in clam exports to the EU, with HASUVIMEX, Lenger Seafoods Vietnam, and Minh Dang Co., Ltd being the largest exporters. The demand for mollusks in the EU market is showing signs of recovery following inflation.

According to data from Vietnam Customs, the value of clam shipments to the EU in April and May climbed steadily by 19% over the same period last year. The export value to this market rose by 5% overall in the first five months of 2024 compared to the same period in 2023, reaching around 26 million USD; yet, it is still 25% less than the same time in 2022. 69% of Vietnam's export value is made up of steamed frozen clams, with the remaining 39% being frozen clam meat. Vietnam primarily sells clams to EU nations. With 90% of the entire export value going to this market, Spain, Italy, and Portugal are currently the three biggest importers of Vietnamese clams. Exports to Spain and Italy are up over the first five months of 2023, while exports to Portugal are down. Notably among the EU countries, Spain has shown a continuous increase in clam imports in the first five months of 2024. Exports to this market in the first five months of the year reached more than 10 million USD, up 29% ...