(seafood.vasep.com.vn) The Netherlands was Vietnam's second largest shrimp importer in the EU, accounting for 5.6% of Vietnam's total shrimp export value in the first 11 months of 2018. In the shrimp export structure, black tiger shrimp accounted for about 15% of total exported shrimp products to the Netherlands. Currently, the demand for importing black tiger shrimp to the Netherlands from Vietnam was still quite stable.

(seafood.vasep.com.vn) Exporting Vietnamese shrimp products to the UK has a tendency to increase as the UK promotes the import of warmwater shrimp thanks to affordable price compared with cold water shrimp.

Vietnam is hoping to take in USD 10.5 billion (EUR 9.26 billion) from exports of its seafood products in 2019, up 19.5 percent from last year, according to a statement from Vietnam’s General Department of Fisheries.

(seafood.vasep.com.vn) Whiteleg shrimp is the product that plays a key role in the export structure of shrimp to the US, accounting for over 80% of total exported shrimp products to the US. For many years, the United States has maintained the number 1 position of importing whiteleg shrimp of Vietnam.

(seafood.vasep.com.vn) In the first 10 months of this year, shrimp export of Vietnam reached US$2.97 billion, falling by 5.8% compared to the same period in 2017.

(seafood.vasep.com.vn) The EU accounts for about 28% of the total value of shrimp imports worldwide. EU shrimp imports range from US$6-8 billion per year. In 10 years (2007-2017), imports of shrimp into the EU increased from US$ 5.6 billion to 6.9 billion in 2017. Export of Vietnamese shrimp, especially whiteleg shrimp to some markets in the EU, is currently witnessing various opportunities.

Farmers in Tra Vinh province’s coastal areas expanded the breeding of shrimp and other aquatic species to an additional 1,700ha of mangrove forests this year, according to the provincial Department of Agriculture and Rural Development.

(seafood.vasep.com.vn) Japan is the second largest shrimp importer in the world, accounting for about 14% of total shrimp import value of the world by 2017. Each year, Japan imports about US$2.5 billion of shrimp products.

(seafood.vasep.com.vn) Since the second quarter of 2018, Vietnam shrimp export have continuously declined compared with the same period in 2017. In September, Vietnam shrimp exports decreased 14.8% over the same period last year to nearly 332 million USD. Due to the decline in the second quarter and the third quarter of this year, shrimp exports in the first nine months of this year reached $ 2.6 billion, with 4% lower as for the same period in 2017.

(seafood.vasep.com.vn) Since the beginning of the second quarter to August this year, Vietnam’s shrimp exports remained the downward trend in value over the same period in 2017. Specifically, in July, exports fell by 20.3% over the same period last year; sales to most of major importing markets fell sharply.

(seafood.vasep.com.vn) According to a report from Foreign Agricultural Service (FAS) under the U.S. Department of Agriculture's (USDA), in the first seven months of this year, the U.S imported 359,948 MT of shrimp, worth by US$3.3 billion, up 3% in volume but down 1% in value from a year ago.

(seafood.vasep.com.vn) The EU is the largest export market of Vietnamese shrimp, accounting for 24.7 percent of Vietnam’s total shrimp exports. Vietnam’s shrimp exports to this market as of September this year reached 648.4 million USD, up 11 percent over the same period in 2017.

(seafood.vasep.com.vn) The EU reamined as the largest importing market of Vietnamese shrimp in the first 7 months of this year, accounting for nearly 25%. Vietnam’s shrimp exports to EU registered the good growth in the first half of the year. However, exports to this market in July began to fall by 14.6% to see US$74 million. This was driven by a dip in the price of raw shrimp which affected on the export price. In the first seven months of this year, Vietnam’s shrimp exports to the EU market reached US$479.8 million, an increase of 26% over the same period last year.

Intensive processing has served as an effective tool for Vietnamese shrimp exporters to improve their competitive capacity in the context of a steep increase in the global supply which brought down the price and demand for shrimp in major markets.

(seafood.vasep.com.vn) After a slight decrease of 5% in QII/2018, Vietnam’s shrimp exports in the first month of QIII decreased by 20.3% to see US$294.5 million. The figure in the first 7 months of this year estimated at US$1.9 billion, a slight rise of 0.2% over the same period last year.