Shrimp exports to US enjoy vigorous growth in second half
VOV.VN - Vietnamese shrimp exports to the United States continued to witness robust growth in September, representing a year-on-year rise of 23% and marking the third consecutive month of positive growth this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Furthermore, this was also the month that witnessed the highest export growth as shrimp exports to the market in July and August increased by 14% and 11%, respectively.
However, shrimp exports to the US during the nine-month period dropped by 23% to reach US$520 million against the same period from last year.
VASEP experts assessed that despite experiencing negative growth to some major markets like the EU, Japan, and the Republic of Korea, there have been positive signs from markets such as the US, Australia, Canada, Belgium, and Taiwan (China), with growth rates ranging between 1% and 54%.
Most notably, after witnessing positive growth in June, July, and August, shrimp exports to China and Hong Kong (China), continued to experience a downward trend of 13% to US$61 million in September, thereby making shrimp exports to this market in the nine-month period decline by 6% to US$454 million on-year.
According to figures released by experts, with bright prospects in markets such as the US, Canada, and Australia, the demand for processed shrimp tends to increase during the year-end period.
Moreover, with shrimp imports into the US increasing in recent times due to stable consumer spending coupled with the positive US growth projection by the International Monetary Fund (IMF), there will be a positive outlook for shrimp exports to the market moving forward.
