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Vietnam shrimp exports to US projected to rise in H2
November 16, 2017, 03:10 PM
(seafood.vasep.com.vn) Continuing the downward trend in QIV/2016, Vietnam’s shrimp exports to the U.S in the first two quarters of 2017 decreased by 7.5% to reach US$276.4 million. The figure as of 15th July 2017 was US$306.5 million; down 5.3% over the same period in 2016. Due to the reduction in its imports, the U.S slipped to the 4th rank and Japan replaced to rank the 1st in top Vietnam shrimp importers.

Vietnam’s shrimp shipments to the U.S in the first half of this year tended to go down due to an increase in anti-dumping duties in the preliminary decision of DOC’s 11th administrative review (POR11)

According to the U.S. Department of Agriculture (USDA) data, in 2016, the U.S imported 605,711 MT of shrimp, worth by US$5.7 billion; increasing by 3% in volume and 4% in value compared to 2015. In the first six months of 2017, the U.S continued to increase imports of shrimp with the volume of 287,255 MT, worth by US$2.8 billion; up 9% in volume and 15% in value year on year.

Most of shrimp products imported into the U.S were frozen raw shrimp meat (HS code 0306170040). India was the largest supplier of this item to the market, followed by Indonesia and Vietnam.

Imports of processed frozen shrimp meat (HS code 1605211030) took up the second largest share to the U.S. Thailand was the biggest supplier, followed by Vietnam and Indonesia.

In the first half of 2017, Vietnam claimed as the 5th rank in top leading suppliers of shrimp to the U.S, representing 9%; behind India (30.5%), Indonesia (20.5%), Thailand (11.5%) and Ecuador (10.8%).

Vietnam, India, Thailand, Indonesia and Ecuador were the main exporters of shrimp to the U.S in the first months of this year and most countries were subject to anti-dumping duties. However, Vietnam shrimp had to compete strongly with other suppliers due to high anti-dumping duty that the U.S imposed on Vietnam shrimp.

In spite of high anti-dumping tax, however, thanks to a rise in U.S’ shrimp demand in the second half of this year, Vietnam’s shrimp exports to the market expected to go up over the same period last year.

Shrimp imports inyo the U.S, Jan-Jun 2017 (Value: Thousand US$, Volume: MT; Source: FAS.USDA)

Suppliers

2016

Jan-Jun 2016

Jan-Jun 2017

Variation (%)

Value

Volume

Value

Volume

Value

Volume

Value

Volume

World

5,712,723

605,649

2,401,788

264,707

2,754,711

287,255

15

9

India

1,499,902

154,233

511,586

54,127

840,720

86,008

64

59

Indonesia

1,108,360

117,163

542,619

58,506

563,441

56,387

4

-4

Thailand

826,336

82,248

318,683

33,605

315,597

30,283

-1

-10

Vietnam

687,922

63,886

295,023

27,394

247,382

22,793

-16

-17

Ecuador

584,927

73,221

283,195

37,176

297,502

37,049

5

--

Mexico

294,805

25,326

127,087

11,178

101,810

7,341

-20

-34

China

233,167

34,839

99,583

15,368

143,559

19,922

44

30

Peru

83,097

9,516

48,764

5,977

53,045

5,771

9

-3

Argentina

69,522

7,732

27,774

3,250

53,740

5,703

93

76

Bangladesh

61,455

4,102

30,062

1,891

11,739

755

-61

-60

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