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Vietnam: Shrimp exports continue to face difficulties

Updated Nov 28, 2022
According to data from Vietnam Customs, in October 2022, Vietnam's shrimp export value recorded a decrease of 16% compared to the same period in 2021, reaching 360 million USD.
This is the third month since the beginning of this year, shrimp exports recorded a decrease compared to the same period last year. Previously, in June and July, shrimp exports decreased by 1% and 13%, respectively. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), although shrimp exports have decreased in recent months, thanks to the breakthrough growth in the first half of the year, Vietnam's shrimp exports as of October 2022 are still increased by 18% to reach $3.8 billion. According to the analysis of Ms. Kim Thu, shrimp market expert of VASEP, in the structure of Vietnam's shrimp exports, exports of whiteleg shrimp increased by 13%, black tiger shrimp increased slightly by 1.2%, and marine shrimp increased the most. 106%. Among the exported vannamei and black tiger shrimp products, processed products outperformed live/fresh/frozen products. In October, the main markets that reduced shrimp imports from Vietnam such as the US, EU, UK, and South ...
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