(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's crab exports have grown continuously since the beginning of 2024. In May 2024 alone, the export value increased by 62% compared to the same period in 2023, reaching 22 million USD. Cumulatively, in the first five months of the year, export turnover reached more than 97 million USD, an increase of 76%.
China and Hong Kong are still Vietnam's largest import markets for crabs and other crustaceans, accounting for 42% of total export turnover. The export value to this market is increasing rapidly, reaching three-digit growths over the same period, but the growth rate is slowing down. In May 2024 alone, exports of crabs to this market increased by 418% over the same period, reaching nearly 11 million USD. Cumulatively, in the first 5 months of the year, exports to this market reached more than 41 million USD, an increase of 502%.
Meanwhile, exports to Japan have decreased continuously in the past two months. The export value to Japan in May 2024 decreased by 9% over the same period, reaching more than 6 million USD. However, thanks to the growth in the first quarter, cumulative exports to this market in the first 5 months of the year still increased by 7%, reaching nearly 29 million USD.
Exports to the US and Canada are also growing positively, with increases of 32% and 54%, respectively.
On the contrary, exports to EU countries are not very positive. Crab export value to the EU decreased by 58% over the same period. The fact that the European Commission continues to keep a "yellow card" warning for Vietnam's fishing industry is affecting seafood exports to this market.