Five-month crab exports to China skyrocket by 502%
VOV.VN - Vietnamese crab exports to the Chinese market during the opening five months of the year soared by 502% to reach more than US$41 million, thereby turning China into the largest consumer of Vietnamese crab, according to statistics released by the General Department of Vietnam Customs.
Statistics indicate that crab exports have seen constant growth since the beginning of the year, with export turnover surging by 76% to more than US$97 million.
China and Hong Kong (China) remain the largest import markets of Vietnamese crabs and other crustaceans, accounting for 42% of the total export turnover.
Most notably, crab and other crustacean exports to the highly lucrative market in May escalated by 418% on-year to nearly US$11 million.
Meanwhile, crab exports to the Japanese market has endured a downward trend over the past two months. The country’s exports to the demanding market in May dropped by 9% to more than US$6 million.
However, thanks to robust growth seen in the first quarter of the year, exports to this market during the five-month period edged up by 7% to nearly US$29 million.
Elsewhere, exports to the United States and Canada have been growing positively with respective rises of 32% and 54%. In contrast, crab exports to the EU plunged by 58% compared to the same period from last year.
According to experts, the “yellow card” that the European Commission (EC) imposed on Vietnamese seafood regarding illegal, unreported, and unregulated (IUU) fishing continued to impact Vietnamese seafood exports to this market.
