Vietnam: Shrimp exports to many markets fell deeply, difficult to recover in the second quarter
Frozen Common Shrimp & Prawn
Seafood
Vietnam
Published May 27, 2023
Original content
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in April 2023, Vietnam's shrimp exports continued the downward trend of previous months, reaching 287 million USD, down 35% compared to the same period last year. last. Accumulated in the first 4 months of the year, export turnover reached 887 million USD, down 36% compared to the same period last year. In the first 4 months of this year, Vietnamese shrimp were exported to 92 markets. Among the top 10 single import markets for Vietnamese shrimp, exports to the US and EU recorded the biggest drop, over 45%. Exports to markets such as Japan, Korea, and China recorded a decrease of around 30%. In April 2023 alone, in the top 10 single import markets, the UK and Hong Kong were the two markets with growth rates of 2% and 16% respectively over the same period last year. According to Mr. Ho Quoc Luc, Chairman of the Board of Directors of Sao Ta Food Joint Stock Company, currently, inventories in major ...
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