Shrimp exports to South Korea to boast after FTA

News 15:42 23/03/2015 609
(vasep.com.vn) Free trade agreement between South Korea and Vietnam which final negotiation round finished in late 2014 is expected to achieve a higher level of liberalization comparing to FTA between South Korea and ASEAN (AKFTA).

Shrimp, classified as a 'sensitive good', is currently tariffed at 20% when imported to South Korea. With the coming FTA, the tax rate will be lower.  

Statistics from Ministry of Industry and Trade show that from 2001 to 2006, trade turnover between Vietnam and South Korea increased by 14.9% annually. This rate grew to 29.1% during the period 2007-2012. Vietnam's seafood exports to Korea increased significantly. In 2010, Vietnam's seafood exports to South Korea valued at US$ 386.1 million. In 2014, the value doubled to US$ 662.8 million.

Among seafood items exported to Korea, shrimp is found to have the highest value, accounting for 48% of the total seafood export value. South Korea is currently the fifth largest market for shrimp from Vietnam, behind the US, Japan, EU and China.

In the last 5 years, Korean's imports of Vietnamese shrimp maintained positive growth. In 2014, Vietnam surpassed China to become the largest shrimp supplier with 44% of market share in Korea. China became the runner-up with 22%, followed by Thailand with 7%.

FTA between Vietnam and South Korea with the pledge  to cut taxes for Vietnam's main agricultural products, including shrimp, when exporting to South Korea will create greater competitive advantage for Vietnam. Accordingly, Korea is expected to be a more important shrimp market for Vietnam in the coming years.

Shrimp imports into South Korea 2010 – 2014  by weight (Unit: MT) Source: ITC

Origin

2010

2011

2012

2013

2014

2014/2013 (%)

World

66,934

77,450

72,472

60,833

62,878

3.4

Vietnam

18,041

19,118

18,795

20,381

27,791

36.4

China

25,738

34,093

31,425

21,208

13,936

-34.3

Thailand

10,381

10296

10,434

5,626

4,424

-21.4

Ecuador

15

1113

3,478

3,914

4,251

8.6

Malaysia

8,361

8,764

4,998

4,059

4,026

-0.8

India

29

52

361

2,519

2,964

17.7

Argentina

0

124

177

331

1,041

214.5

Indonesia

305

557

406

384

869

126.3

Philippines

129

227

66

426

696

63.4

Saudi Arabia

2,064

1245

669

280

448

60.0

 

 

Shrimp imports into South Korea 2010 – 2014 by value (Unit: US$ thousands) Source: ITC

Origin

2010

2011

2012

2013

2014

2014/2013 (%)

World

323,221

412,694

428,321

437,618

566,781

29.5

Vietnam

117,419

152,703

163,974

181,705

290,244

59.7

China

74,488

99,409

110,346

96,824

69,580

-28.1

Thailand

62,908

77,308

79,272

51,978

56,165

8.1

Ecuador

119

8179

23,742

32,920

41,564

26.3

Malaysia

40,605

47,225

28,120

29,439

36,784

24.9

India

246

558

1,920

20,836

21,765

4.5

Philippines

1,654

3251

854

5,692

10,416

83.0

Argentina

0

945

1,350

2,405

9,060

276.7

Indonesia

2,474

3126

3,640

3,023

8,687

187.4

Peru

0

0

109

1,613

3,424

112.3

Bạn đang đọc bài viết Shrimp exports to South Korea to boast after FTA tại chuyên mục News của Hiệp hội VASEP

TIN MỚI CẬP NHẬT

Seafood exports surpass US$9 billion in the first nine months, growth slows in Q4

 |  09:24 02/10/2026

(vasep.com.vn) Vietnam’s seafood exports in September 2026 are estimated at US$1.135 billion, up 11.9% year-on-year, bringing total exports in the first nine months of the year to US$9.103 billion, up 11.4%. Behind this double-digit growth, however, increasingly divergent market trends are emerging: China–Hong Kong and ASEAN posted strong growth, while the U.S., EU and Japan all recorded declines in September.

Vietnamese tilapia to Brazil: growth recovers but challenges remain

 |  13:31 01/10/2026

(vasep.com.vn) In the first eight months of 2026, Brazil became the largest market for Vietnamese tilapia, with export value reaching US$44 million, up 22,142% year-on-year and accounting for 49% of Vietnam’s total tilapia exports. In August alone, exports to Brazil reached US$4 million. However, behind this remarkable growth is a market that is imposing increasingly stringent requirements on imported supplies.

Vietnam’s tuna exports return to growth but headwinds remain

 |  08:46 30/09/2026

(vasep.com.vn) Vietnam’s tuna exports sustained their upward trajectory in August 2026, though the pace remained modest at just 2%. The month saw divergent trends across key markets: the US maintained its leading position, Japan and Canada improved, Russia surged and the EU continued to experience a steep downturn. These developments suggest that exporters are entering the final months of the year amid a market environment marked by greater uncertainty.

Spain's Congalsa acquires Lenger Seafood Vietnam

 |  08:00 30/09/2026

(seafood.vasep.com.vn) Congalsa has acquired the entire charter capital of Lenger Seafood Vietnam, giving it full ownership of the business and its Nam Dinh processing facility.

Ninh Binh determined not to have IUU fishing violations left unresolved

 |  09:02 29/09/2026

(seafood.vasep.com.vn) Ninh Binh Province is entering a peak period of action against illegal, unreported and unregulated (IUU) fishing, focusing on thoroughly addressing violations, closely monitoring fishing vessels at ports and preventing vessels from violating regulations and operating illegally in foreign waters ahead of the European Commission’s (EC) upcoming inspection in 2026.

Biotechnology elevates pangasius seed quality

 |  08:52 25/09/2026

(vasep.com.vn) The application of biotechnology in seed production is increasingly viewed as a strategic imperative to upgrade pangasius fingerling quality, optimize farming efficiency and anchor sustainable industry development.

VASEP and ASC update new standards, address practical challenges for seafood businesses

 |  08:51 23/09/2026

(vasep.com.vn) On September 15, 2026, in Can Tho, VASEP and ASC jointly organized a training course titled “New ASC standards: updates and practical implementation guidance for farms, businesses and aquafeed mills”. Beyond briefing stakeholders on updated ASC requirements for aquaculture facilities and feed production, the workshop dedicated substantial floor time to directly addressing on-the-ground compliance bottlenecks encountered by Vietnamese enterprises.

Vietnamese tilapia explores new segments and markets

 |  10:10 21/09/2026

(searfood.vasep.com.vn) Vietnam’s tilapia exports continued to post positive results in the first eight months of 2026, with total export value reaching US$90 million, up 43% year-on-year. However, exports in August alone stood at US$11 million, down 8%, reflecting uneven market developments. Brazil remained the leading market, while Japan recorded notable growth, opening up new opportunities for Vietnamese tilapia products.

Vietnam’s shrimp exports in the first eight months of 2026: positive growth continues as competition shifts toward efficiency and value

 |  10:35 19/09/2026

(vasep.com.vn) Vietnam’s shrimp exports reached US$3.3 billion in the first eight months of 2026, up 12% year on year. However, growth has begun to slow and become more differentiated across markets, while the U.S. and EU continue to present significant challenges. The latest insights from the Global Shrimp Forum 2026 (GSF 2026), held in early September, also indicate that the final months of the year will remain highly competitive as global supply continues to expand and buyers increasingly focus on quality, product specifications, supply stability and the ability to meet market-specific demand.

August 2026 seafood exports: Growth slows, momentum continues to pivot to Asia

 |  15:28 17/09/2026

(seafood.vasep.com.vn) In August 2026, Vietnam’s seafood exports reached $1.14 billion, up 6% year on year. Cumulative eight-month exports rose 11.8% to $8.00 billion, though momentum has cooled compared to the 12.8% growth seen through July. China - Hong Kong and ASEAN are offsetting weakness in the U.S, EU and partly Japan. This divergence will likely widen in Q4 as trade tariffs and traceability requirements directly weigh on new orders.

VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM

Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC