(seafood.vasep.com.vn) South Korea ranked 5th in importing shrimp from Vietnam, accounting for 10.9% of total shrimp export value of Vietnam. In 2018, Vietnam shrimp exports to Korea reached US$385.8 million, up 1% compared to 2017. With stable demand, high export prices and tariff preferences through the Korea - Viet Nam Free Trade Agreement compared to its competitors, Vietnam still has many opportunities to boost shrimp exports to this market in 2019.

(seafood.vasep.com.vn) The European Union (EU) was the largest market of Vietnamese shrimp in the first two months of 2019.

The US Department of Commerce (DoC) recently announced the preliminary results of the 13th Period of Review (POR 13), which reviewed the anti-dumping tariff on shrimp imports from Vietnam.

Minister of Agriculture and Rural Development (MARD) Nguyen Xuan Cuong has asked localities and enterprises to deploy measures to optimise opportunities for the shrimp sector to achieve the goal of 4.1-4.2 billion USD in export in 2019.

(seafood.vasep.com.vn) The export of Vietnamese shrimps to Japan has shown signs of recovery this year, after a 9.2-percent decrease in 2018.

Vietnam sets a target of earning 4.1-4.2 billion USD from shrimp exports this year, higher than 3.6 billion USD recorded in 2018, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD).

With its geographic proximity to Vietnam and its huge demand for shrimp, China should be a major market for Minh Phu's shrimp, company chairman and CEO Le Van Quang told SeafoodSource.

(seafood.vasep.com.vn) Contrary to the trend of 2017 with a growth rate of nearly 60%, Vietnam shrimp exports to China in 2018 witnessed a decline. From the 3rd position on Vietnam shrimp import markets in 2017, accounting for nearly 18%, this year, China dropped to the 4th position, accounting for nearly 14% of the total value of Vietnam shrimp export to the markets.

(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.