Looking back at the period from 2022 to 2024, crab exports to China have shown significant fluctuations. In 2022, China imported over 62 million USD worth of crabs, averaging 5-9 million USD per month, indicating a stable import demand from China. However, in 2023, exports sharply dropped to 13.3 million USD, averaging only 1-2 million USD per month, due to China's tighter quarantine controls and weakening consumption demand.
In 2024, exports surged dramatically, reaching 122.5 million USD, nearly 10 times higher than in 2023, with a sharp increase starting from March. Crab exports to China maintained a high level, with average monthly revenue exceeding 10 million USD. In August and September, this figure surpassed 14.7 million USD, three times the average of 2023. This signals a positive outlook for Vietnam's crab exports as the Chinese market continues to show stable demand.
2024 marks a strong recovery in Vietnam's crab exports, and this trend is expected to continue into 2025.
In January 2025, crab exports to China recorded a remarkable growth, reaching 19 million USD, 12 times higher than the same period last year. This increase may be due to a decline in supply from major exporting countries like Indonesia, the Philippines, and India. Additionally, this trend indicates that the demand for premium seafood items from China's affluent class continues to rise, despite uncertain economic prospects in China, while awaiting decisions on tariffs from President Trump concerning other countries.
With the strong increase in crab imports from China, suppliers must ensure a stable supply and adhere strictly to quality standards. In addition to traditional trade channels, businesses can leverage e-commerce and directly connect with Chinese importers to optimize costs and expand market share.
Companies can negotiate prices more effectively, as the reduction in supply from other countries gives Vietnamese businesses an advantage in negotiations. With the positive trends seen in both 2024 and the beginning of this year, 2025 promises to be a favorable year for Vietnam's crab exports to China.