Shrimp exports of Vietnam to the US increased by nearly 50% in the first half of 2021

Published 2021년 7월 4일

Tridge summary

Vietnamese shrimp exports in June saw a 15% increase, reaching US$402 million and totaling US$1.7 billion in the first half of the year, a 13% increase from the same period last year. The exports were predominantly whiteleg shrimp (76%), followed by black tiger shrimp (15%) and marine shrimp (9%). The US, Japan, Korea, and Germany are the main export markets, which are increasing their shrimp imports. However, the US is set to impose a 25% tax on shrimp imports from India, and shrimp imports from China are expected to decrease due to strict regulations. Vietnamese shrimp is currently the leader in most markets. Businesses are advised to monitor the recovery of supply capacity in other markets and prepare for continued increases in container freight rates into 2022 due to instability in the global shipping industry.

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Original content

Shrimp exports in June reached about US$402 million, up 15%, bringing the total turnover of the first 6 months to US$1.7 billion, up 13% over the same period last year. In which, whiteleg shrimp accounted for 76% with over 1.3 billion USD, up 23%; black tiger shrimp accounted for 15%, reaching USD 257 million, down 10%; Marine shrimp of all kinds accounted for 9%, reaching 154 million USD, down 16%. The main export markets of Vietnamese shrimp such as the US, Japan, Korea, and Germany are increasing their shrimp imports, so exports to these countries have grown well. In which, shrimp exports to the US are having a monthly growth rate of 45-46%. This is also the largest shrimp consumption market of Vietnam. In the US, Vietnamese shrimp is behind India, Indonesia and Ecuador. India and Ecuador account for the dominant shares in the US (33% and 15%), while Indonesia accounts for about 25%, Vietnam accounts for about 8.5%. However, the Import-Export Department said that the Office of ...

Source: Vietnambiz