Ecuador's shrimp exports to China increased to a record

Published 2022년 11월 11일

Tridge summary

Ecuador's shrimp exports have seen a significant increase compared to the previous year, with a 38% rise in volume and a 34% increase in value. China is the largest consumer of Ecuador's shrimp, accounting for 60% of its total exports. In July, Ecuador set a record by exporting 55,000 tons of shrimp to China. The country's shrimp exports to the US and European markets also increased in September. In nine months, Ecuador's shrimp exports generated over $6 billion in revenue. The average export price of shrimp to key markets remained relatively stable in September. By 2025, Ecuador's shrimp production is projected to double from 1.01 million tons in 2021, thanks to the use of advanced technology.

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

Original content

Compared to the same period last year, shrimp exports increased by 38% in volume and 34% in value. Sales to China are increasing, bringing this market's share of Ecuador's total shrimp exports to 60%. According to Undercurrent News, in July, Ecuador also set a record when shrimp exports to China reached 55,000 tons. In another development, Ecuador's shrimp and shrimp exports to the US in September increased by 2,000 tons to 16,000 tons. Sales to the European market also increased by 2,000 tons to 15,000 tons. Ecuador often ranks 2nd or 3rd in the top shrimp suppliers to the US in terms of volume. However, Ecuador is gradually closing the gap with India - the largest shrimp exporter to the US. Generally in 9 months, Ecuador's shrimp exports to markets brought in more than 6 billion USD. The export price of shrimp was relatively stable for key markets in September. Accordingly, in China, the average export price of shrimp was about USD 6.19/kg, down only 1% ...

Source: Vinanet