The US and China both buy large quantities, shrimp exports are sure to earn 4 billion USD

Published 2024년 11월 27일

Tridge summary

Despite facing challenges due to adverse weather conditions and diseases, Vietnam's shrimp exports have seen positive growth in major markets in 2024. The country's shrimp exports to China and Hong Kong increased by 44% and 31% respectively, with lobster exports experiencing a sharp increase. Shrimp exports to the US also saw a growth of 17%, amidst decreasing imports from the top three suppliers. Japan, South Korea, and the EU also recorded positive growth in imports of Vietnamese shrimp. The Department of Agriculture and Rural Development of Kien Giang is working towards sustainable aquaculture and promoting the issuance of farming facility codes to trace product origin. The Department also recommends localities to guide shrimp farmers to replace traditional farming processes with one that focuses on biosafety and saves production costs.

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Original content

Growth in many markets According to the report of the Department of Fisheries, Ministry of Agriculture and Rural Development, this year, although domestic shrimp production has to face heat in the Central region, drought in the Central Highlands, saline intrusion in the South, storms and floods in the northern provinces causing damage and greatly affecting aquaculture; shrimp exports face many disadvantages due to the global economic crisis, high inflation in major import markets, complicated shrimp diseases, high production costs, but up to now, in major markets, shrimp export growth is still very positive. Specifically, the report of VASEP shows that Vietnam's shrimp exports to China and Hong Kong in October 2024 reached 91 million USD, an increase of 44%. Accumulated to October 2024, shrimp exports to this market reached 676 million USD, an increase of 31% over the same period. Shrimp exports to this market are more positive, especially lobster exports increased sharply by ...

Source: Danviet