Shrimp exports grew despite Covid-19

Published Aug 31, 2020

Tridge summary

In July, Vietnam's shrimp exports experienced a significant growth of 16.3% compared to the same period last year, reaching a value of $ 388.5 million. This growth has contributed to a total export value of $ 1.9 billion in the first seven months of the year, marking a 7.7% increase over the same period in 2019. Despite the overall decline in the fisheries export value due to the Covid-19 pandemic, shrimp exports have shown resilience, with white shrimp experiencing a 12% increase in value. The US is the largest market for Vietnamese shrimp, showing consistent growth. However, the remaining months of the year bring uncertainties due to the unpredictable nature of the Covid-19 disease and a potential raw shrimp shortage due to disease among cultured shrimp.

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

Original content

According to the General Department of Customs, in July, shrimp exports reached US $ 388.5 million, up 16.3% compared to July 2019. Thus, in the first 7 months of this year, shrimp exports reached $ 1.9 billion, up 7.7% over the same period last year. In the context of the overall decline in the export value of the fisheries sector (reaching US $ 4.4 billion in the first 7 months, a decrease of 6% compared to the same period in 2019) due to the impact of the Covid-19 epidemic, growth The aforementioned shrimp items are very impressive. Shrimp is also one of the rare bright spots in the export growth of the fisheries sector (the remaining growth category is crab, crab and crustacean), while pangasius decreased by 31.5% in the first 6 months. , tuna decreased by 20.5%, other fish decreased by 2.3%… Thanks to the growth of shrimp, seafood export in the past 7 months has not decreased too much in value. The growth of shrimp exports this year, mainly based on white shrimp. In 7 months, ...

Source: Agriculture