(seafood.vasep.com.vn) In the first half of 2017, Vietnam’s shrimp exports to China grew by 30% year on year. Therefore, China continues to be the potential importing market of Vietnam in the coming time.

(seafood.vasep.com.vn) After the slump in QI/2017, Vietnam’s shrimp exports in QII/2017 inched up 28.2% to eye US$938.9 million. Thanks to the good growth in Apr-Jun 2017, Vietnam’s shrimp exports in the first half of 2017 gained US$1.6 billion, up 15.2% over the same period in 2016.

(seafood.vasep.com.vn) Taiwan stayed as the 9th largest importer of Vietnam shrimp, accounting for 1.5% of total Vietnam’s shrimp exports. Taiwan has remained its 9th rank since 2016 (through May 2017). In 2014 and 2015, the market ranked the 7th out of top leading Vietnam’s shrimp buyers.

(seafood.vasep.com.vn) The UK stays as the largest importer of Vietnam shrimp in the EU, accounting for 4.8% of Vietnam’s total shrimp exports. Import demand for shrimp into the UK from Vietnam remained good as of May this year.

(seafood.vasep.com.vn) As of July 2017, Vietnam’s shrimp exports amounted to US$1.9 billion, up 18.5% over the same period last year. Shipments to top 8 leading markets witnessed the good growth, except for the U.S (-5.5%).

Vietnam has so far this year exported 243.2 million USD worth of shrimp to the Republic of Korea (RoK), a surge of 29.8 percent year on year.

(seafood.vasep.com.vn) As of August 2017, Vietnam’s shrimp exports amounted to US$2.3 billion, up 21.3% over the same period in 2016.

(seafood.vasep.com.vn) Shrimp imports into the EU accounts for about 30.6% of total worldwide imports, ranging from US$6-8 billion per year. In the past 10 years (2007-2016), shrimp imports into the bloc increased from US$5.6 billion to US$6.7 billion in 2016. The export value bottomed out at US$5.4 billion in 2009 and reached a peak US$7,6 billion in 2014.

Workers process shrimp. Minh Phu Seafood Corporation (MPC) recorded a post-tax profit of VNĐ101.4 billion (US$4.54 million) in the second quarter of this year, 34 times higher than the same period last year.

The central coastal province of Phu Yen will branch out high-tech shrimp cultivation models in a bid to realise its target of 100 million USD in production value by 2025.

The United Kingdom was the largest importer of Vietnam’s prawns in the European Union (EU) in 2016, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

(seafood.vasep.com.vn) Australia is a potential market of Vietnam thanks to high demand for shrimp. From 2007 to 2011, Vietnam’s shrimp exports to Australia ranged from US$60 to US$86 million.

The southernmost province of Ca Mau aims to seek more export markets for its shrimp products through intensifying trade promotion activities as an effort to realise the locality’s export target of 1.1 billion USD in 2017.

Vietnam’s shrimp exports in the first half of this year rose 15.7 per cent year-on-year to US$1.56 billion, thanks to declining supply sources from other shrimp exporting countries.

Vietnam earned 1.56 billion USD from shrimp exports in the first half of this year, up 15.7 percent annually, according to the Vietnam Association of Seafood Exporters and Processors (VASEP).