Vietnam's lobster exports to China increased by 174% year-on-year

Published 2024년 8월 7일

Tridge summary

Vietnam's aquatic exports to China, led by tra fish with an export value of US$243 million or 35% of the total, experienced a decline due to price drops. Lobster exports surged by 174% to nearly US$122 million, accounting for 18% of the total. However, exports of white-legged shrimp and black tiger shrimp saw a decrease. The overall export value of Vietnam's frozen aquatic products to China nearly fell due to oversupply in China's frozen shrimp market. Despite this, demand for salmon and lobster is expected to rise, and there is potential for growth in fresh aquatic products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Tra fish exports still account for the largest proportion of Vietnam's total aquatic exports to China, with an export value of about US$243 million, reaching 35%, down 7.4% from the same period last year. Lobster exports ranked third, with exports of this type of product to China reaching nearly US$122 million, up 174% year-on-year, accounting for 18%. Vietnam's white-legged shrimp exports to China fell 10% year-on-year to only US$117 million; black tiger shrimp exports also fell nearly 30% year-on-year to US$38.5 million. In the first six months of this year, the export value of some marine fish also fell. In the first half of this year, due to price declines, Vietnam's frozen aquatic product exports to China almost fell year-on-year, while fresh aquatic products have better room for growth. Live crabs are expected to be exported to China in the first half of this year. China's exports increased 11 times to $49 million. The Vietnam Association of Aquatic Products Exporters and ...

Source: Foodmate