(seafood.vasep.com.vn) According to Vietnam Customs data, Vietnam’s crab exports have been growing steadily since the beginning of 2024. Just in June 2024 alone, the import value increased by 71% compared to the same period in 2023, reaching $28 million. In the first 6 months of 2024, the cumulative export turnover reached $125 million, up 75%.
China and Hong Kong remain the largest importers of Vietnamese crabs and other crustaceans, accounting for 43% of the total export value. The export value to this market is skyrocketing at a 3-4 digit growth rate compared to the same period and maintaining consecutive monthly growth. In June 2024 alone, exports of crabs and other crustaceans to this market increased nearly 20-fold year-on-year, reaching almost $13 million. Cumulatively, in the first 6 months of the year, exports to this market nearly reached $54 million, up 623%.
In contrast, exports to Japan have been on a continuous declining trend for the past 3 months. The export value of crabs and other crustaceans in Japan in June 2024 decreased by 25% year-on-year, reaching $6 million. Cumulatively, it decreases slightly by 0.3%, reaching $35 million in the first 6 months.
Exports to the US and Canada are also growing positively, with an increase of 30% and 44% respectively.
On the other hand, the export value of crabs to the EU in the first half of the year decreased by 46% compared to the same period. “Yellow card” by the EU continued impacting marine product exports from Vietnam to this market.