Vietnam's shrimp exports increased sharply in many markets

Published 2021년 11월 23일

Tridge summary

Vietnam's shrimp exports in October reached $425.3 million, a slight decrease of 1.5% year-over-year, but a sign of recovery after a sharp drop in August and September. The US, EU, and South Korea are the main import markets, which have seen strong increases. US imports of Vietnamese shrimp in October were over $117 million, up 19% year-over-year, and are expected to continue to increase in the remaining months of the year. The EU market is facing a shortage and is expected to provide opportunities for Vietnamese suppliers. However, exports to China are declining, with a 36.5% decrease in October compared to the same period last 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), shrimp exports in October reached $425.3 million, down slightly by 1.5% over the same period last year. This is considered a signal of recovery when shrimp exports dropped sharply in August and September. Notably, in the main import markets such as the US, EU, and South Korea, the increase increased strongly again. In the US market, Vietnam's shrimp exports in October reached more than US$117 million, up 19% over the same period last year. Accumulation in 10 months reached 892.7 million USD, up 22% over the same period in 2020. Currently, the US market needs a lot of fresh and frozen shrimp from Vietnam. Therefore, it is forecasted that in the last months of the year, shrimp exports to this market will continue to increase sharply. For the EU market, shrimp exports in October reached US$74 million, up 13% over the same period last year. Accumulated 10 months is 482 million USD, up 10.4% over the same ...

Source: VNExpress