Vietnam's shrimp exports increased 10% year-on-year in the first four months of this year

Published May 28, 2024

Tridge summary

Vietnamese shrimp exports to the United States saw a decline in April, while exports to mainland China and Hong Kong experienced a slight growth. However, there was an improvement in exports to the European Union and South Korea. Exports to South Korea resumed growth in April, with a 4% increase. The export value to mainland China and Hong Kong for the first four months of the year increased by 41%, and to the European Union, it increased by 28%. Overall, Vietnamese shrimp exports increased by 10% year-on-year in the first four months, indicating a decrease in market inventory, but consumer demand has not yet shown significant recovery.

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

Original content

In April, Vietnamese shrimp exports to the United States decreased, and exports to mainland China and Hong Kong increased only slightly, but exports to the European Union and South Korea improved. After a continuous decrease in the first two months, Vietnamese shrimp exports to South Korea resumed growth in April, with an increase of 4%. In April, Vietnamese shrimp exports to mainland China and Hong Kong amounted to US$64 million, a year-on-year increase of 1.7%, and the cumulative export value in the first four months was US$192 million, a year-on-year increase of 41%. In April, Vietnamese shrimp exports to the European Union amounted to US$38 million, a year-on-year increase of 28%, and the cumulative export value in the first four months was US$119 million, basically the same as the same period last year. In the European Union, Vietnamese shrimp exports to Germany, the Netherlands and Belgium ...

Source: Foodmate