Vietnam’s shrimp export value falls in February following surge in January

Published 2021년 3월 3일

Tridge summary

Vietnam's shrimp exports in February saw an 18% year-on-year decline, totaling nearly USD 218.8 million, primarily due to the Lunar New Year holiday. Although the overall shrimp exports to countries under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) increased by 36.7% in January, the first two months of 2021 saw a slight decrease in total shrimp exports compared to the same period last year. The country experienced a significant drop in black tiger shrimp exports due to high prices and stricter food safety inspections in China, one of the largest buyers. Despite this, Vietnam's overall seafood exports, including shrimp, earned over USD 1 billion between January and February, with an anticipated 1.5% increase in export value in March.

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Original content

Vietnam's shrimp exports declined in value in February, following an increase in the first month of the year, according to Vietnam Association of Seafood Exporters and Producers (VASEP) on 1 March.The country's shrimp export value slid 18 percent year-on-year to nearly USD 218.8 million (EUR 181.4 million) in February, mainly because Vietnam’s biggest holiday, the Lunar New Year festival, took place from 10 to 16 February.The country exported shrimp worth USD 128.8 million (EUR 106.8 million) in January, up 15.8 percent from the same month last year. Of the total, sales of vannamei was USD 170 million (EUR 141 million), rising 32.5 percent year-on-year, while the export value of black tiger shrimp fell 38.7 percent year-on-year to USD 22.3 million (EUR 18.5 million). Vietnam's wild-caught shrimp exports totaled USD 26.1 million (EUR 21.6 million), up 9 percent from January 2020.The combined sales to countries under the Comprehensive and Progressive Agreement for Trans-Pacific ...

Source: Seafoodsource