According to Vietnam Customs, in 2013, the country exported its shrimp to 88 markets, earning back US$3.1 billion, up 39.1 percent year-on-year. Shrimp exports in the year made a great contribution to compensate for losses from other seafood exports and boost total seafood exports to exceed the target of US$6.5 billion and hit US$6.72 billion, up 9.6 percent year-on-year. Shrimp sales made up 45 percent of the total seafood exports of the country.
Positive growth in shrimp exports to top 10 leading importers
In 2013, Vietnam’s shrimp sales to leading importing markets (the U.S., Japan, EU, China, Australia, Canada, Taiwan and ASEAN) witnessed a sharp increase over 2012. Exports to the U.S. reported the highest growth of 82.5 percent with US$831 million. Exports to EU touched US$409.4 million, representing an increase of 31.3 percent.
Despite being downgraded to the second position in the top Vietnam shrimp importers, shrimp sales to Japan in 2013 increased by 14.7 percent to US$708.7 million. On January 21st 2014, Ministry of Health, Labour and Welfare of Japan has officially notified the MRL of Ethoxyquin in Vietnam shrimp imported into the market. The new MRL is fixed at 0.2 ppm against the earlier 0.01 ppm. Besides, Japan decided to lift the regulation of 100 percent Ethoxyquin testing on Vietnam’s shrimp imported into the market. The new decision is expected to improve shrimp exports of Vietnam to the market in 2014.
Vannamei occupied 50 percent of total shrimp exports
In 2013, Vietnam exported US$1.58 billion of whiteleg shrimp, reporting a year-on-year rise of 113 percent and making up 50.7 percent of total shrimp exports while the proportion of exported black tiger shrimp was 42.7 percent with US$1.33 billion, up only 6.3 percent.
Shrimp farmers stocked more whiteleg shrimp in 2013 because of hiking raw shrimp price, high domestic demand and low global supply caused by EMS. Particularly, farmers in the Mekong Delta give priority to rear whiteleg shrimp thanks to its shorter farming period and high productivity and price.
Japan - the 1st largest importer of Vietnam black tiger shrimp
Although Vietnam shrimp exporters faces to Ethoxyquin barriers and strong competition with Indian exporters in Japan market, Vietnam remained to be the largest supplier of black tiger shrimp to the market. In Japan market, Vietnam’s black tiger shrimp is more competitive than that from India thanks to its high quality and reasonable price.
|
Top 10 largest importing markets of Vietnam black tiger shrimp in 2013 |
|||||
|
No. |
Markets |
Value (US$) |
No. |
Markets |
Value (US$) |
|
1 |
Japan |
293,955,881 |
6 |
|
73,227,418 |
|
2 |
China & Hong Kong |
281,311,926 |
7 |
Switzerland |
44,545,931 |
|
3 |
The U.S. |
228,847,006 |
8 |
Germany |
38,636,635 |
|
4 |
|
82,078,873 |
9 |
South Korea |
29,235,460 |
|
5 |
Taiwan |
74,188,668 |
10 |
France |
24,621,337 |
The U.S. ranked the 1st in importing vannamei shrimp from Vietnam
In 2013, the U.S. increased importing shrimp from Vietnam and India because of increase in their whiteleg shrimp production and low vannamei supply from Thailand caused by EMS.
Through October 2013, Vietnam shrimp imports by the U.S. hit 46,522 MT, up 44.8 percent over the same period of 2012 (32,125 MT). While the market sourced 78,104 MT of Indian shrimp from 49,774 MT in the first 10 months of 2012, up 57 percent.
|
Top 10 largest importing markets of Vietnam whiteleg shrimp in 2013 |
|||||
|
No. |
Markets |
Value (US$) |
No. |
Markets |
Value (US$) |
|
1 |
The U.S. |
589,722,692 |
6 |
The U.K |
51,584,535 |
|
2 |
Japan |
322,980,719 |
7 |
|
47,573,414 |
|
3 |
South Korea |
179,924,816 |
8 |
|
38,886,545 |
|
4 |
China & Hong Kong |
87,715,470 |
9 |
Belgium |
31,748,339 |
|
5 |
Germany |
51,849,792 |
10 |
France |
21,963,939 |
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached $394 million in October 2024, up 24%. In the first ten months of this year, shrimp exports brought in $3.2 billion, up 13% compared to the same period last year. Exports to all major markets recorded double-digit growth in October.
International Development and Investment Corporation (IDI), a key member of the Sao Mai Group, has consistently ranked among the largest seafood producers and exporters in Vietnam.
(seafood.vasep.com.vn) In recent years, the US has consistently been Vietnam’s largest seafood export market. Over the past five years, seafood export turnover to the US has ranged from 1.5 billion USD to 2.1 billion USD anually. Despite facing strict protective policies such as anti-dumping and countervailing duties, U.S. market demand remains high, and the quality of Vietnamese seafood continues to improve, helping to maintain and expand its position in this market.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
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