By the end of the first quarter, the US still accounted for the highest proportion in the total shrimp exports of Vietnam with over 20%, reaching 134.6 million USD, up 16.5% over the same period last year. Japan ranked second with 126 million USD, accounting for 19%, but compared to the same period in 2020, it decreased 4%, due to a sharp decline in the first 2 months of the year, although exports to this market in March were equivalent to the same period last year.
Shrimp exports to the EU increased by 8% to 95 million USD, accounting for 14.5% of which exports to the main markets of the Netherlands, Germany and Belgium all grew 2 digits (up 10%, 16% and 10% respectively). These markets also increased strongly Vietnam shrimp imports in March: up 15%, 33% and 38% respectively. These three markets account for over 70% of Vietnam's shrimp exports to the EU.
The two markets Australia and the UK are accounting for a remarkable proportion in the total shrimp exports of Vietnam in the first 3 months of this year with 6.2% and 6.1%, worth $40.9 million and $40.4 million, increase 46% and 11.5% respectively over the same period in 2020.
In addition to the UK, shrimp consumption in Russia also increased sharply, making shrimp imports from Vietnam up 102% in the first quarter, reaching $11.2 million.
In the first quarter of 2021, whiteleg shrimp is still the most popular in the markets. In the context of the Covid epidemic, the consumption trend focuses on retail channels and supermarkets, so small shrimp suitable for home processing has more demand than large, high priced shrimp. Vannamei exports in the first quarter reached $ 507 million, up 15% over the same period last year, accounting for nearly 77% of shrimp export turnover. In which, processed whiteleg shrimp (HS code 16) gained a higher proportion with 263 million USD, up 22%, while frozen shrimp (HS 03 code) reached 243 million USD, up by 8%.
Meanwhile, black tiger shrimp exports continued to decline by 26%, reaching nearly 92 million USD and only accounting for 14% of shrimp exports. Japan, China and the US - the three largest markets, all sharply reduced the import of black tiger shrimp from Vietnam, down 24%, 30% and 41% respectively over the same period last year.
Export of marine shrimp accounted for 9.5% of the total export of shrimp, reaching US$ 62.7 million, down 3% over the same period last year. In which, the export of processed shrimp and frozen shrimp decreased by 8.7% and 10%, respectively. Meanwhile, the export of dried shrimp increased sharply by double compared to the same period last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.
(seafood.vasep.com.vn) In February 2024, Vietnam pangasius exports to China and Hong Kong decreased by 65% compared to February 2023, reaching 23 million USD.
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