(vasep.com.vn) Shrimp exports to the US slowed down from QIII/2014, growing 0.9% compared to the same period in 2013. Exports surged in the two previous quarters led to 51.2% year on year increase in accumulated value, which reached US$ 820.6 million.
After rapid increases from the beginning of the year, shrimp exports to the US started to decrease from August. Statistics show that in August, shrimp imports to the US from India and Indonesia rose more quickly that those from Vietnam. Statistics from US Department of Agriculture, in August 2014, shrimp imports from Indonesia and India grew by over 1.000 MT compared to July, while shrimp imports from Vietnam increased by 273 MT.
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In September, shrimp exports from Vietnam to the US fell significantly as highest-ever antidumping tax rates applied on frozen shrimp Vietnam were announced. On 19th September 2014, US Department of Commerce (DOC) announced final results of period of review from 1st February 2012 to 31st January 2013 (POR8). Particularly, Minh Phu Seafood Corporation are subject to anti-dumping tariffs of 4.98%, Soc Trang Seafood Joint Stock Company (STAPIMEX) at 9.75% and 30 other respondents at 6.37%. VASEP is preparing to propose United States International Trade Commission (US ITC) against the method applied by DOC. However, in the short run, high anti-dumping tax rates will affect shrimp exports to the US in QIV/2014.
In the first 9 months of 2014, whiteleg shrimp exports from Vietnam to the US reached US$ 609.7 million, up 66% year on year while exports of black tiger shrimp was US$ 199.3 million, up 19,3%.
Get our up to date information and data on shrimp exports to the U.S and other markets in Report on Vietnam seafood exports in QIII/2014