Vietnam's shrimp exports to Australia recorded record growth

Published Dec 25, 2022

Tridge summary

Vietnam has experienced a 62% increase in shrimp exports to Australia in the first 11 months of 2022, compared to the same period in 2021, totaling nearly $214 million. This growth is due to the high quality, supply capacity, and deep processing of Vietnamese shrimp, as well as marketing efforts by businesses and the Vietnam Trade Office in Australia. The Economic Diplomacy Program by the Vietnamese Embassy in Australia has also contributed to this growth through promoting Vietnamese shrimp at trade fairs and during the Christmas holiday season. Overalls, Vietnam's seafood exports to Australia saw a 42.64% increase after 11 months, reaching over $331 million.

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

Original content

From the beginning of 2022, Vietnam's shrimp exports to Australia have continuously grown strongly. As of October 15, shrimp exports to Australia reached nearly $214 million, up 62% over the same period in 2021, a record increase in Vietnam's largest export markets. “Australians increasingly prefer to use Vietnamese shrimp. From restaurants to large Australian supermarkets or Asian stores, Vietnamese shrimp are abundantly present. The strength of Vietnamese shrimp is not only in quality, ability, supply capacity, but also due to the deep processing level, along with the trade promotion efforts of businesses, localities and "representatives", the representative of the Vietnam Trade Office in Australia informed. In particular, the Economic Diplomacy Program implemented by the Vietnamese Embassy in Australia with the goal of "Building a brand and developing the Vietnamese shrimp market in Australia" has implemented many activities during the year such as coordination, supporting ...

Source: Vov