In the US market, in the first 6 months of 2020, Vietnamese shrimp has a competitive advantage over rival supplies thanks to faster production stability after COVID-19 while other suppliers such as India and Ecuador were still under a heavy impact. Shrimp processors and exporters of India and Ecuador were not only affected by decreasing orders but also domestic production was delayed due to the shutdown rule, lack of workers in factories as they were not working for fear of infection.
According to the National Oceanic and Atmospheric Administration (NOAA), India was still the largest supplier of shrimp to the US for many years, accounting for 40% of total shrimp imports to the US. Indian shrimp exports to the US began to decline in May 2020 after increasing in the previous months. Indian shrimp exports to the US in May 2020 reached 8,560 MT, worth $72.1 million, down 58% in volume and 56% in value compared to May 2019.
Ecuador was still the third-largest supplier of shrimp to the US. In May 2020, exports to the US reached 5,773 MT of shrimp, worth US$33.6 million, down 25% in volume and 32% in value compared to May 2019.
With the advantage of low anti-dumping tax, Vietnam's shrimp exports to the US in the whole of 2020 are forecasted to increase by about 20% compared to 2019.
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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