China increased consuming crab from Vietnam

(seafood.vasep.com.vn) According to Vietnam Customs data, Vietnam’s crab exports have been growing steadily since the beginning of 2024. Just in June 2024 alone, the import value increased by 71% compared to the same period in 2023, reaching $28 million. In the first 6 months of 2024, the cumulative export turnover reached $125 million, up 75%.

China increased consuming crab from Vietnam

China and Hong Kong remain the largest importers of Vietnamese crabs and other crustaceans, accounting for 43% of the total export value. The export value to this market is skyrocketing at a 3-4 digit growth rate compared to the same period and maintaining consecutive monthly growth. In June 2024 alone, exports of crabs and other crustaceans to this market increased nearly 20-fold year-on-year, reaching almost $13 million. Cumulatively, in the first 6 months of the year, exports to this market nearly reached $54 million, up 623%.

In contrast, exports to Japan have been on a continuous declining trend for the past 3 months. The export value of crabs and other crustaceans in Japan in June 2024 decreased by 25% year-on-year, reaching $6 million. Cumulatively, it decreases slightly by 0.3%, reaching $35 million in the first 6 months.

Exports to the US and Canada are also growing positively, with an increase of 30% and 44% respectively.

On the other hand, the export value of crabs to the EU in the first half of the year decreased by 46% compared to the same period. “Yellow card” by the EU continued impacting marine product exports from Vietnam to this market.

 
Bảo Ngọc
Chuyên viên xử lý số liệu
Email: baongoc@vasep.com.vn
Telephone 024. 37715055 - ext. 218

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