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Shrimp exports hit nearly US$ 3 billion in 9 months
October 29, 2014, 11:49 AM
(vasep.com.vn) In the first 9 months of 2014, Vietnam shrimp exports reached US$ 2.93 billion, up 42.3% year on year. The US continued to be the leading import market for shrimp from Vietnam in Q3/2014 although in this quarter, Vietnam shrimp exports to the US were lower than in the first half of 2014.

Shrimp exports to Japan began to recover after the sharp decline in Q2 resulted from inspection decisions on antibiotic oxytetracycline (OTC). Indonesia, a major shrimp exporter to Japan, was focus on the US market. This caused the decrease in shrimp export volume to Japan. Vietnam shrimp exporters, however, did not make use of this opportunity because of the inspection decision. Red shrimp from Argentina became a notable substitute.

 

Shrimp exports to EU continued to increase in Q3/2014, giving it the highest growth rate among 5 major consuming markets. In the first 9 months of 2014, shrimp exports to Germany, the largest market in EU, rose 63.8% year on year whilst that to Netherlands increased by 255.9%. 

Shrimp exports to many other countries also reported increases. Particularly, exports to South Korea upped 84.4%, exports to Australia upped 32.7%.

 

VIETNAM SHRIMP EXPORTS TO MAIN MARKETS (million US$)

Markets

Jan-Sep/2014

Vs Jan-Sep/2014(%)

US

820.649

+51.2

Japan

529.648

+6.5

EU

495.859

+88.1

Germany

101.028

+63.8

Netherland

96.810

+255.9

UK

75.125

+47.8

China

327.701

+28.2

Hong Kong

65.368

+41.8

South Korea

231.278

+84.8

Australia

111.168

+32.7

Canada

130.984

+69.7

Taiwan

72.461

+4.9

Switzerland

54.212

+42.2

ASEAN

44.465

+30.5

Singapore

27.471

+21.9

Philipines

9.269

+79.7

Other

117.429

+52.5

Total

2,935.854

+42.3

 

 

Source:
Thu Trang
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Specialist on Shrimp market
Ms Kim Thu
Tel: 84.24.3771.5055 (ext 203)
Portal of Vietnam Association of Seafood Exporters and Producers (VASEP)
Head office in HCM city: No 7, Nguyen Quy Canh Road, An Phu Ward, District 2, Ho Chi Minh City, Vietnam
Tel: (+84 28) 62810430 / Fax: (+84 28) 62810437 - Email: vasephcmcity@vasep.com.vn
Rep. office in Ha Noi: 10 Nguyen Cong Hoan Street, Ngoc Khanh Ward, Ba Dinh District, Ha Noi City, Vietnam
Tel: (+84 24) 37715055 / 37715318 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
In charge of content: Nguyen Hoai Nam (Mr) – Deputy General Secretary of VASEP
Managing Editor: Phung Thi Kim Thu (Ms.) Tel: (+84 24) 37715055 (ext: 203)
Email: kimthu@vasep.com.vn
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