Overtaking the US, China became Vietnam's largest shrimp import market
Frozen Common Shrimp & Prawn
China
Vietnam
Published Dec 1, 2022
Tridge summary
(HQ Online) - Vietnam's shrimp exports to China recorded the highest growth rate in the top 5 main shrimp import markets of Vietnam. This increase helps China surpass the US, continuing to be Vietnam's largest shrimp import market in October.
Original content
According to Ms. Kim Thu, shrimp market expert of the Vietnam Association of Seafood Exporters and Producers (VASEP), in October 2022, Vietnam's shrimp exports to China increased by 50% to reach 65 million USD. This increase helps China to surpass the US and continue to be Vietnam's largest shrimp import market in October. With this increase, Vietnam's shrimp exports to China recorded the highest growth rate in the top 5. Vietnam's main shrimp import market. In the 10 months of 2022, shrimp exports to China reached US$547 million, up 60% over the same period last year. Analyzing the reason why Vietnamese shrimp exports to China are high, Ms. Kim Thu said that China's domestic shrimp production decreased due to adverse weather and shrimp diseases in some main shrimp production areas. The increased demand for shrimp imports for the Mid-Autumn Festival, National Day, and the Lunar New Year has prompted China to increase shrimp imports in recent months. According to China Customs, in ...
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