Japan increased imports of fresh, raw squid

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Japan increased imports of fresh, raw squid

In 2019, Japan imported US $ 140.5 million of squid and octopus from Vietnam in 2019, down 8.9% compared to 2018. Vietnam's octopus and squid exports to Japan decreased continuously from August to the end of the year. 2019. In the fourth quarter of 2019, squid and octopus exports to Japan reached US $ 32.5 million, down 28% compared to the fourth quarter of 2018.

The share of Vietnam's squid and octopus exported to Japan is nearly equivalent. In the structure of squid, octopus of Vietnam exported to Japan, fresh / frozen squid (HS 03) accounted for the highest proportion.

In 2019, Japan sharply decreased imports of dried / baked squid from Vietnam (59.3%) while slightly increasing imports of dried / salted / fresh / frozen octopus from Vietnam (1%).

Vietnam's main squid and octopus products exported to Japan in 2019 include: frozen whole squid, shredded squid, cut pieces, sliced, frozen phile squid, frozen cuttlefish, cut cuttlefish Pinecone, frozen comb cuttlefish, processed cuttlefish, squid sushi, breaded octopus ...

Together with VJFTA, the CPTPP Agreement, which came into effect in early 2019, partly helps facilitate the export of Vietnamese squid and octopus to Japan.

According to ITC, in 2019, Japan's squid and octopus imports reached over 406 million USD, up 13.9% compared to 2018. In particular, cuttlefish and squid processing items were imported the most, accounting for 77% NK value.

Processed squid (HS 160554) is the most imported product into Japan in the country's total structure of imported squid and octopus products, accounting for 70% of the proportion. In 2019, Japan increased imports of processed squid and reduced imports of processed octopus. Notably, Japan sharply increased imports of fresh / raw squid (HS code 030749) in 2019, an increase of 1,736% compared to 2018 reaching USD 45.3 million.

Regarding the main import item of Japan which is processed squid, Vietnam is in the top 4 largest suppliers, after China, Peru and Thailand and above Korea and Spain. China dominates the market share in this product group with 88% of Japanese import value, while Vietnam accounts for less than 2%.

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