Vietnamese crab exports to China surged 395% in the first quarter

Published 2024년 5월 13일

Tridge summary

Vietnam has experienced a significant increase in the export of crabs and other crustacean products, with crabs making up the largest proportion. Exports have seen a rise in various markets compared to the same period in 2023, led by Mainland China and Hong Kong. In March 2024, Vietnam's crab exports exceeded $18 million, marking a 66% increase from the previous year. Other major markets include Japan, the United States, Canada, and the United Kingdom. The first quarter, which coincided with the Lunar New Year holiday in Asian countries, saw a surge in demand, contributing to the significant growth in exports to countries like China, Australia, and Singapore. Over 93 companies in Vietnam were involved in these exports, with Trung Son Long An Co., Ltd, Bach Dang International Co., Ltd, and Hoang Ha International Logistics being the leading exporters.

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Original content

Among them, crustacean products such as dried, salted, fresh and frozen crabs accounted for the highest proportion. Compared with the same period in 2023, Vietnam's exports of crabs and other crustacean product groups have increased in the same period. Vietnam's crabs and other crustacean products have been exported to 22 markets around the world. At present, inflation in many countries has been controlled, the economy has gradually recovered, and consumer demand has been boosted. Therefore, exports to major markets this quarter have mostly increased compared with the same period in 2023. Vietnam's crab exports in March 2024 exceeded US$18 million, an increase of 66% over the same period in 2023. This result is a signal of recovery in market consumer demand. Mainland China and Hong Kong, Japan, the United States, Canada and the United Kingdom are the five single markets that import the most crabs and other crustaceans from Vietnam during this period. Compared with the same period ...

Source: Foodmate