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Two reasons why seafood exports to the EU will slow down in the second half of the year in Vietnam
Updated Jul 26, 2021
According to statistics of the General Department of Customs, in the first 6 months of 2021, Vietnam's seafood exports to the EU market increased by 20% to over US$ 486 million, of which, exports of caught seafood products increased by 24% to 154 million. USD (accounting for 32%), aquaculture increased by 18% to USD 333 million (accounting for 68%). Among seafood products exported to the EU, shrimp products accounted for the highest proportion with 52.5% of the total seafood turnover to the EU with 256 million USD, up 27% over the same period last year. In which, whiteleg shrimp alone is over 205 million USD, up 31%, black tiger shrimp 36.5 million USD, up 15%, the rest are marine shrimp and lobster. According to the analysis of Ms. Le Hang, Deputy Director of VASEP.PRO Center, while the EU market is recovering in demand, the export of aquatic products to these countries has increased, while pangasius exports are still down 18% compared to that of the EU market. the same period reached nearly 58 million USD, accounting for less than 12% of seafood exports to the EU. Exports of crabs, crabs, and other crustaceans to the EU also halved to less than US$2.5 million, mainly crab exports down 44%.
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