Vietnam: Shrimp exports to Korea in 2021 are expected to increase

Published 2021년 11월 12일

Tridge summary

Vietnam's shrimp exports to South Korea have seen a slight recovery in September and a significant increase in the first half of October, reaching nearly 278 million USD from January to October 2021, a 0.9% increase from the same period in 2020. The majority of the exports were vannamei shrimp, accounting for 85% , while black tiger shrimp made up 4%. Despite a decrease in exports in July and August due to Covid-19, there is expected to be positive growth in the last quarter of 2021. The main types of shrimp products exported to Korea include headless, shelled and tailed vannamei, fresh and frozen Nobashi vannamei, and fresh and frozen butterfly-cut sushi vannamei.

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

Original content

According to the Association of Seafood Exporters and Producers (VASEP), as of September 2021, Vietnam's shrimp exports to South Korea have not increased sharply, but maintained a positive growth momentum from March to June. In July and August, exports to this market decreased because businesses had to reduce operating capacity to prevent the Covid-19 epidemic. Shrimp exports to this market in September recovered slightly by 3.6% to 30.8 million USD. In the first half of October this year, shrimp exports to South Korea increased by 26% over the same period last year. From the beginning of the year to the first half of October 2021, Vietnam's shrimp exports to South Korea reached nearly 278 million USD, up 0.9% over the same period in 2020. The sign of recovery in shrimp exports to the Korean market is also part of the company's plan to boost exports to Asian markets to take advantage of its close distance and lower logistics costs than going to Asian markets. Europe and America. ...

Source: CafeF