Vietnam's shrimp exports continued to grow in January
Vietnam exported shrimp to 49 markets and witnessed an increase in shipments in all of its major markets. Exports to Australia were up by 169.7%, while those in South Korea reached a high growth of 81.3%.
Analysts at VASEP say sales to the three largest importing markets (the EU, the U.S, and Japan) grew by 13.4%; 12.1% and 3.7% respectively.
Whiteleg shrimp accounted for the biggest share of Vietnam's total shrimp exports, with 68.9%, black tiger shrimp accounted for the second largest share of 18.5% and marine shrimp picked up 12.6%.
The US was the largest importer of Vietnamese whiteleg shrimp in January with a trade value of $29.4 million, while China was the main importer of balck tiger shrimp from Vietnam with a value of $15.2 million.
"Compared with January 2017, the proportion of whiteleg shrimp increased while the proportion of black tiger shrimp decreased. In January 2018, the export value of whiteleg shrimp increased by 43% while that of black tiger shrimp decreased by 7% compared to the same period last year," VASEP's analysis read.
The EU remained as the largest importer of Vietnamese shrimp, accounting for 18.6% of Vietnam shrimp exports to markets. Shrimp exports to this market in January this year reached US$49.4 million, up 13.4% over the same period last year. Exports to the three main markets in the bloc (the Netherlands, Germany and Belgium) recorded the double digit growth. Exports to the Netherlands and Germany increased by 65.1% and 62.2%, respectively, while exports to Belgium grew by 29%.
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