Vietnam's shrimp exports in October recover, businesses race for the target of 3.8 billion USD

Fresh Common Shrimp & Prawn

Vietnam

Published Nov 24, 2021

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Shrimp exports to the US and EU grew well According to the Association of Seafood Exporters and Producers (VASEP), in October, shrimp exports gradually recovered after a sharp decline in August and September. Export turnover reached 425 million USD, equivalent to the same period in 2020. Notably, the export value of whiteleg shrimp reached 327 million USD, up nearly 10% over the same period in 2020, accounting for 77% of turnover. shrimp exports. The rest, the export value of black tiger shrimp and marine shrimp accounted for 23%.

Original content

Shrimp exports to the US, EU grow well According to the Association of Seafood Exporters and Producers (VASEP), in October, shrimp exports gradually recovered after a sharp decline in August and September. Export turnover reached 425 million USD, equivalent to the same period in 2020. Notably, the export value of vannamei shrimp reached US$327 million, up nearly 10% over the same period in 2020, accounting for 77% of shrimp export turnover. The rest, the export value of black tiger shrimp and marine shrimp accounted for 23%. According to VASEP, shrimp exports to the US, EU, and South Korea markets all increased while exports to China continued to decrease. Specifically, in October, shrimp exports to the US reached 118 million USD, up 19% compared to October 2020. Accumulating 10 months, shrimp exports to this market reached US$893 million, up 22% over the same period last year. Currently, the demand for US shrimp imports from Vietnam has been quite stable since the COVID-19 ...

Source: Vietnambiz