Lobster exports of Vietnam to China increased 27 times

Frozen Rock Lobster
Published Mar 20, 2024

Tridge summary

Vietnam's lobster exports, predominantly blue lobsters, have surged by 1,746% in the first two months of 2024, earning nearly 30 million USD. The primary market for these exports is China, accounting for almost 29 million USD of the total. Despite China's Wildlife Protection Law impacting the import of Vietnam's cotton lobsters, a special mechanism is being considered to allow continued exports. Meanwhile, Vietnamese businesses are focusing on exporting live blue lobsters and a small quantity of frozen spiny lobster to China.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in the first 2 months of this year, lobster exports reached nearly 30 million USD, an increase of 1,746% over the same period in 2023. Of which, blue lobster exports (rock lobster) accounted for more than 90% with 27.6 million USD, an 80-fold increase; followed by cotton lobster reaching 2.15 million USD, an increase of 45 times over the same period. Vietnamese lobster is still mainly exported to the Chinese market. In the first 2 months of the year, lobster exports to this market reached nearly 29 million USD, 27 times higher than the same period last year. From October 2023, China has stopped importing Vietnam's cotton lobsters because of regulations related to the country's Wildlife Protection Law. To export spiny lobsters to China, Vietnamese businesses must prove that the shrimp breeds are not caught directly from the sea, meaning the breeds must be of the F2 generation, clearly demonstrating the ...
Source: Agriculture
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