EU a key Vietnamese shrimp consumer
Wednesday, 18:38, 25/06/2014
(VOV) -The EU is now the third largest importer of Vietnamese shrimp, trailing behind the US and Japan, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The EU’s shrimp imports have bounced back for more than a year thanks to the grouping’s economic recovery.
VASEP statistics show Vietnam raked in US$1.2 billion from shipping seafood to the EU last year, of which US$409 million was generated from shrimp products.
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In the first two months of this year alone, Vietnamese shrimp exports to the EU also increased by a staggering 49% compared to the same period of 2013.
Thailand, one of the leading suppliers, saw a 50% decline in shrimp exports to the EU last year, opening opportunities for other shrimp producers, including Vietnam.
Vietnam is currently the third biggest shrimp supplier to the EU after India and Ecuador.