Vietnam's crab exports reach a new ten-year high, with the Chinese market as a key driving force.

The performance behind this achievement cannot be separated from the Chinese and Hong Kong markets, which have consistently been the top destinations for Vietnam's crab exports. Data shows that Vietnam's exports to this region experienced rapid growth in the first quarter, and although the growth rate slowed in the second quarter, it remained at a high level, contributing significantly to the overall annual exports.

In the first six months of this year, Vietnamese crabs and crustacean products have entered 25 global markets. Besides China and Hong Kong, the European Union and Australia are also major growth points. Although the European Union market saw a slight decrease in growth rate in the second quarter compared to the first quarter, it still saw a year-on-year increase of 71%, reflecting strong demand in the high-end consumer market.

Australia, on the other hand, saw a rebound in export value in the second quarter, with an increase of 58%. In contrast, imports from some CPTPP member countries such as Canada and the United Kingdom have decreased. Industry insiders point out that the stable demand and continuous consumer upgrade in the Chinese and Hong Kong markets are becoming important "anchors" for Vietnam's crab industry. It is expected that in 2025, this market will still be a key driver for maintaining high export levels.