Why did the US reduce shrimp imports, increase fish imports, and buy the most from Vietnam which products?

Published 2023년 1월 29일

Tridge summary

In 2022, the US witnessed a decline in seafood imports, with a 2% drop in volume in November compared to the same period in the previous year. The total import volume for the year reached over 2.9 million tons, marking a 3% increase, while the value hit 27.5 billion USD, showing a 9% increase. Despite the decline, shrimp imports fell by 19%, and there was a decrease in the demand for other crustaceans and molluscs due to inflation. However, tuna and salmon imports saw an increase. Vietnam emerged as the fifth largest seafood supplier to the US, contributing nearly 10% to the import volume and 8% to the value. Vietnam, Chile, and Indonesia saw an increase in imports, while there was a decrease from Canada and India. China is the largest supplier of seafood to the US, followed by Canada and then Vietnam, with a focus on tilapia, cod, and pangasius respectively. There is currently uncertainty in China's factory personnel situation due to an increase in COVID cases following the lifting of all blockade orders.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to statistics of the US Department of Agriculture, in the last months of 2022, the demand for US seafood imports tends to decrease. Specifically, in November 2022, the US seafood import volume was 2% lower than the same period in the same period last year, reaching 252,000 tons, worth $ 2.1 billion, down 12% compared to the same period in 2021. Notably. , the US sharply reduced shrimp imports (down 19% and 25% respectively) to 64,000 tons, worth 579 million USD. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), inflation makes US consumers more limited with high-priced items, so not only shrimp consumption decreases but also crabs, squids, and octopus The demand for octopus is also reduced. In November 2022, imports of other crustaceans (crabs) to the US decreased by 35% and 56%, respectively, while imports of molluscs (squid, octopus, clams, mussels...) decreased by 18% and 19%. Meanwhile, fish products still have great appeal to US ...
Source: Danviet

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