Vietnam: Shrimp exports to China slow down

In 3 months, 3, 4 and 5, shrimp exports to China recorded a high growth rate of 126%-140% while in the next 3 months (6,7 and 8), the growth rate was only 13%- 32%, especially in July, shrimp exports to China decreased by 17% over the same period. China's demand for shrimp imports is always high, combined with unfavorable weather, causing the country's domestic shrimp production this year to decline. Therefore, Vietnam's shrimp exports to China as of September 15, 2022 still increased by 56% to 438 million USD. China's imports in August 2022 reached a record of 95,000 tons, up 89% over the same period last year. In July, China's shrimp imports also set a record with 93,000 tons. Accumulated in the first 8 months of this year, China's shrimp imports were nearly equal to the first 11 months of last year, reaching 524,000 tons. Import value increased 64% to 3.42 billion USD. The main shrimp products exported from Vietnam to the Chinese market are live lobster, frozen whiteleg ...