Shrimp exports from Vietnam in May 2022: Stalled in the US market, rebounded in China
Frozen Common Shrimp & Prawn
United States
China
Vietnam
Published Jun 28, 2022
Tridge summary
In May 2022, Vietnam's shrimp export turnover reached 457 million USD, up 31% compared to May 2021.
Original content
Accumulated in the first 5 months of the year, shrimp export turnover reached 1.9 billion USD, up 41% over the same period last year. In May this year, the growth rate of Vietnamese shrimp exports to the US slowed down while exports to China increased. The growth momentum of Vietnam's shrimp exports to the US in May 2022 slowed down, increasing by only 2.8% over the same period last year, reaching $99 million. Vietnam shrimp exports to the US in May slowed down after recording a growth of 52% in April. Vietnam's shrimp exports to this market in the first 4 months of the year witnessed a growth rate ranging from 25%-61% compared to same period last year. Accumulated in the first 5 months of this year, Vietnam's shrimp exports to the US reached 390 million USD, up 21% over the same period last year. In the past few months, the US imported shrimp in large quantities from countries such as Vietnam, Indonesia, India and Ecuador, leading to high inventories. This can reduce the ...
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