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

Frozen Common Shrimp & Prawn

Fresh Common Shrimp & Prawn

Vietnam

South Korea

Published Nov 13, 2021

Tridge summary

The Association of Seafood Exporters and Producers (VASEP) said that, as of September 2021, Vietnam's shrimp exports to South Korea, although not growing strongly, maintained a positive growth momentum from March to June. 7 and 8, 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.

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