China and Singapore increase purchases of Vietnamese live crabs and crabs

Published 2024년 3월 28일

Tridge summary

Vietnam's live crab and crab exports experienced a significant boost in the first two months of the year, reaching a total of 11.3 million USD, with Hong Kong, China, and Singapore being the top markets. Notably, exports to China surged sixfold to 9.2 million USD. This increase is attributed to the high quality of Vietnamese crabs, which are free from antibiotics and disease-causing bacteria, coupled with a rise in demand during the Lunar New Year. Vietnam also exports frozen processed crab products to other major markets like the US, Japan, Korea, and Australia. The Vietnam Association of Seafood Exporters and Producers (VASEP) is optimistic about the recovery of seafood exports, projecting a turnover of 9.5-10 billion USD for the year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in the first two months of the year, live crab and crab exports grew impressively, reaching 11.3 million USD. The three markets that buy a lot of fresh crabs from Vietnam are Hong Kong, China, and Singapore. In particular, by the end of February, exports of this product to China increased 6 times over the same period, reaching 9.2 million USD. Similarly, live crabs and crabs exported to Hong Kong and Singapore will increase 2-5 times over the same period in 2023, respectively. The reason why markets are increasing purchases of this seafood product, according to VASEP, is that Vietnamese crabs and crabs have outstanding quality and are not contaminated with antibiotics and disease-causing bacteria. In addition, demand in importing countries in the first two months of the year increased due to the Lunar New Year. In addition to fresh crabs, Vietnam also exports frozen processed products from this item ...

Source: VNExpress