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Shrimp exports from Vietnam to the EU decreased by 35%

Updated Nov 29, 2022
Shrimp exports to the EU, which grew strongly in the first half of this year, tended to decrease in the last months of the year due to many objective factors.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), shrimp exports to the EU are on a strong downward trend. Specifically, in October, shrimp exports to the EU decreased by 35% compared to the same period last year. In which, exports to four main markets in the EU, Germany, the Netherlands, Belgium and France, all decreased at double digits. In the context that shrimp exports to most of the main markets have decreased, exports to the EU have dropped sharply, which has had a significant impact on shrimp exports in general. In October, Vietnam's shrimp export value only reached 360 million USD, down 16% compared to the same period last year. Shrimp exports to the EU are on a strong downward trend due to economic and political uncertainties and the trend of increasing commodity prices, especially energy prices, which has negatively impacted import demand from this market. in recent months. This situation is negatively affecting not only Vietnam's shrimp ...
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