(vasep.com.vn) Vietnam shrimp exports in May 2014 continued the sharp increase, particularly exports to the U.S. surpassed sales to Japan and EU.
According to Vietnam Customs, shrimp sales by the country in May 2014 reached US$345 million, up 41 percent year on year. Exports to almost main markets reported robust increase, driving total shrimp exports through May 2014 up 70.4 percent to hit US$1.4 billion.
Through May 2014, the U.S. took the leading position in importing Vietnam shrimp with the value of US$445 million, up 128.6 percent year on year. Shrimp exports to the market have been going up since the early 2014 with the proportion of 30.4 percent of Vietnam's total shrimp exports. Vietnam shrimp sales to the U.S. in 2013 also reported positive growth with the proportion of 22.5 percent, ranking behind Japan with the proportion of 27 percent.
|
Shrimp imports into the U.S. from main origins, Jan-Apr 2013-2014 (Source: USDA)
|
|
No.
|
|
2013
|
2014
|
Variations in value (%)
|
Variations in volume (%)
|
|
Value
( US$ mil.)
|
Volume (MT)
|
Value
( US$ mil.)
|
Volume (MT)
|
|
Total
|
1294
|
145,980
|
2095
|
165,552
|
62
|
13
|
|
1
|
Indonesia
|
223
|
23,620
|
457
|
32,730
|
105
|
39
|
|
2
|
Ecuador
|
188
|
24,064
|
310
|
28,763
|
65
|
20
|
|
3
|
India
|
216
|
23,784
|
369
|
27,130
|
71
|
14
|
|
4
|
Vietnam
|
113
|
10,728
|
329
|
22,428
|
191
|
109
|
|
5
|
Thailand
|
271
|
30,060
|
241
|
18,051
|
-11
|
-40
|
|
6
|
China
|
59
|
9,183
|
99
|
10,928
|
67
|
19
|
|
7
|
Peru
|
28
|
3,208
|
49
|
4,203
|
72
|
31
|
|
8
|
Mexico
|
81
|
6,330
|
76
|
4,171
|
-6
|
-34
|
|
9
|
Malaysia
|
44
|
6,257
|
44
|
4,146
|
--
|
-34
|
|
10
|
Guyana
|
14
|
2,639
|
17
|
3,096
|
26
|
17
|
|
11
|
Honduras
|
3
|
458
|
14
|
1,537
|
413
|
235
|
|
12
|
Argentina
|
4
|
389
|
14
|
1,533
|
253
|
294
|
|
13
|
Philippines
|
2
|
324
|
10
|
964
|
392
|
197
|
|
14
|
Venezuela
|
2
|
361
|
6
|
763
|
235
|
112
|
|
15
|
Nicaragua
|
6
|
845
|
6
|
685
|
-1
|
-19
|
Through April 2014, shrimp imports into the U.S. marked a year-on-year increase of 13 percent in volume and 62 percent in value, in which imports from Vietnam up 191 percent in value and 109 percent in volume. Vietnam is the fourth largest shrimp supplier to the U.S.
Indonesia is the largest shrimp supplier to the U.S. The supplier will remain the position this year thanks to its high supply of domestic shrimp and free with antidumping duty imposed by the U.S.
In 2014, shrimp imports from Thailand into the U.S. are expected to continue the reduction because the U.S. downgraded the country to "Tier 3" in its annual Trafficking in Persons Report. Along with being subjected to antidumping duty, the shrimp industry of Thailand has been accused of abusing labor and child labor by the U.S.
211 percent up in whiteleg shrimp exports to the U.S.
Vietnam will raise whiteleg shrimp exports to the U.S in 2014. According to Vietnam Customs, through May 2014, exports of the item to the U.S. increased by 211.9 percent year on year, making up 75 percent of Vietnam's total shrimp exports to the market. In the period, black tiger shrimp exports up only 26.2 percent and accounting for 26.6 percent.
Vietnam whiteleg shrimp exports to the U.S. will be boosted and remained the strong growth by undersupply of whiteleg production from Thailand.