Vietnam shrimp exports to China fell incredibly in 2018 and in the first months of 2019 due to a sharp increase in Chinese shrimp imports from India, Ecuador (those countries had lower price than Vietnam shrimp). In the first quarter of 2019, Chinese shrimp imports from India went up by 624% in volume and 573% in value over the same period in 2018. In the first half of 2019, Ecuadorian shrimp exports to China increased by 224% in volume and 185% in value compared to the same period in 2018.
There were some of causes that made the decline in shrimp exports to China in recent time. Chinese Customs has been tightening trade in agricultural and aquatic products through border trade. Besides, Vietnamese shrimp had to compete firecely with Indian and Ecuadorian shrimp.
China was the 4th largest shrimp importer in the world, accounting for 6.9% of the total shrimp imports all over the world in 2018. Demand of shrimp imports for domestic consumption and re-export of China was still stable. Shrimp is always the most concerned product in seafood expo in China.
Vietnam ranked 6th among the main shrimp suppliers to China, accounting for 5.7%. In terms of import prices, on the Chinese market, shrimp import prices from Ecuador, India and Indonesia were always the most competitive. The average import prices from Thailand were the highest, while the price of Vietnamese shrimp ranked second in the Chinese market. Vietnamese shrimp must compete in prices with Asian suppliers in this market.
According to the International Trade Center (ITC), China's shrimp imports in the first 5 months of this year reached US$1.4 billion, up by 196% year on year. Ecuador was the largest shrimp supplier to China; India and Thailand ranked second and third respectively. Shrimp imports into China from the top 5 suppliers all grew well compared to the same period in 2018.
Vietnamese shrimp exports to China has shown signs of increasing in May and June. The export value of the whole year to this market is likely equivalent to 2018.
businesses need to pay attention to new requirements on quality, traceability as well as regulations, standards on packaging, goods labeling and regional bar codes for sustainable exports as well as enhance value added.
(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.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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