Vietnam: Crab exports to the United States increased by nearly 80% in the first quarter of this year

Published May 17, 2022

Tridge summary

Vietnam's crab exports experienced a decline in 2021 but have rebounded in the first quarter of 2022, with over 91% of the total export value being accounted for by China, the US, Japan, and France. Exports to China and Hong Kong surged by 104%, making China the largest market, while Japan's imports increased by 18%. However, exports to Australia and Singapore declined. In the EU, France was the largest importer, and exports to the US grew by 78%, despite a decrease in US imports of Russian crabs. This provides an opportunity for Vietnamese crab exporters to compensate for the reduced Russian imports.

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

Original content

The top 4 single markets that import the most crabs of Vietnam include China, the US, Japan and France, accounting for more than 91% of the total export value. After a decline in 2021, Vietnam's crab exports to China and Hong Kong increased continuously in the first three months of 2022. The value of crab exports to this market in the first quarter of 2022 reached more than 20 million USD. , up 104% over the same period. The main reason is that Vietnam's seafood processing and exporting enterprises have adapted well to the country's "zero Covid" policy. This high growth has made China the largest crab import market of Vietnam Vietnam's crab exports to Japan are also continuing to grow this quarter. The value of crab exports to this market reached nearly 19 million USD, up 18% over the same period. Japan is currently the largest importer of Vietnamese crabs in the market that participates in the CPTPP. And also the country that maintained the continuous growth of crab imports in ...

Source: AgroInfo.vn