Shrimp exports enjoy positive growth in most major markets
VOV.VN - The opening months of the year saw positive growth in terms of Vietnamese shrimp exports, with many local businesses boosting production and fulfilling orders signed in late 2021.
According to statistics compiled by Vietnam Customs, shrimp export turnover in January reached over US$313 million, marking a rise of 43% over the same period from last year. Of the figure, the export value in most major markets enjoyed positive growth.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in January the export value of white-leg shrimp hit nearly US$238 million, thereby marking a year-on-year rise of 39%, while that of black tiger shrimp reached approximately US$43 million, up 92%. Among exported shrimp products, the export value of processed black tiger shrimp witnessed the highest increase of 157%.
The United States remained the largest single buyer of Vietnamese shrimp, accounting for 21.5% of the nation's total shrimp exports. Indeed, exports to the US market during the reviewed period hit over US$67 million, an increase of 9% compared to December, 2021, and up 61% compared to January, 2021.
Elsewhere, Japan represents the second largest export market of Vietnamese shrimp, reaching over US$54 million in January, representing a rise of 23% on-year.
The nation raked in roughly US$54 million from shrimp exports to the EU in the first month of the year, up 79% over the corresponding period from last year. Indeed, exports to three major import markets in the EU, including the Netherlands, Germany, and Belgium, surged by 116%, 32%, and 91%, respectively.
Contrary to markets such as the US, the EU, Japan, and the Republic of Korea, shrimp exports to the Chinese market reached over US$18 million, a decline of 7% over the same period last year. The main reason behind this is partly due to the influence of the Chinese Government’s "Zero COVID" policy, which moved to impose strict controls on imported seafood from abroad.
According to local shrimp processing enterprises, the nation’s flexible adaptation to COVID-19 indicates optimistic signs for Vietnamese shrimp export activities in the coming year. However, a lack of raw materials at the beginning of the year, coupled with high sea freight rates and production costs, continue to represent great challenges for local businesses.