The US is still Vietnam's second largest shrimp importer after the EU, accounting for 19.6% of Vietnam’s total shrimp export value.
Demand for US shrimp imports from Vietnam was more positive from May to August due to reduced inventories while the US was also reducing imports from India, Thailand and sharply reducing imports from China.
The US was the largest importer for Vietnamese whiteleg shrimp. Regarding the structure of Vietnamese shrimp exports to the US, whiteleg shrimp accounted for the largest proportion at 83.3%, tiger shrimp made up for only 12.6%. In the first 9 months of 2019, exports of live/fresh/frozen whiteleg shrimp to the US increased by 42% over the same period in 2018.
According to the US Department of Agriculture, Vietnamese breaded shrimp exported to the US in the first 8 months of 2019 reached 7,098 MT, worth US $ 50.8 million, up 57% in volume and 52% in value over the same period in 2018.
China, Thailand and Vietnam were the three main suppliers of breaded shrimp to the US, accounting for 31%, 26%, and 25% of the total shrimp import value of the US, respectively. Among three main suppliers, China was subject to a 25% tax, leading to a sharp reduction of 33% in value and 27% in volume compared to the same period in 2018. Breaded shrimp is a product with a high profit rate, so Vietnamese enterprises should continue to promote exports this product to the US.
Shrimp exports to the US expected to increase by about 5% in the last quarter of 2019.
In September 2019, the US imported 63,767 MT of shrimp, worth US$554.9 million, down 1.1% in volume and up 1.6% in value year on year.
In the first 9 months of 2019, shrimp imports into the US reached 494,964 MT, worth US$4.2 billion, compared to 489,639 MT and US$4.4 billion in the same period in 2018.
As of September 2019, the US imported 15,795 MT of shrimp, worth US$ 85.2 million from China, down 56% in volume and 66% in value over the same period in 2018.
Chinese shrimp exports to the US have fell due to the impact of the US-China trade war that made Chinese exporters have been subject to a 25% tax rate since May 2019.
In September 2019, shrimp imports into the US from Ecuador, Thailand, Argentina, Honduras and Panama all declined. Ecuador exported 6,801 MT of shrimp to the US, down 2% year on year. Thailand exported 3,691 MT of shrimp to the US, down 11%.
India was still the largest shrimp supplier to the US. This country exported to the US 198,350 MT of shrimp, valued at US$ 1.6 billion in the first 9 months of 2019, up 13% in volume and 4.5% in value over the same period in 2018.
(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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