Vietnamese shrimp exports up more than 50%

Vietnamese shrimp exports up more than 50%

The total export value of Vietnamese shrimp and prawns increased by 59 per cent to reach US$1.96 billion between January 1 and July 15 this year.

According to the general department of customs, the export value of shrimp and prawns in the first half of July increased by 31.4 per cent year on year to reach $166.1 million.

Between January and mid-July, the export value of white-leg shrimp accounted for 59.5 per cent of the total export value of $1.165 billion, while the export value of tiger prawns was $660 million, said the customs department.

The three largest export markets for Vietnamese shrimp and prawn were Japan, the US and the EU, with Japan being the largest.

However, in the first half of July, the strongest growth in export value year over year — between 100 per cent and 298 per cent — were in exports to the Netherlands, South Korea and the US.

The total value was expected to exceed $2 billion for the period between January and the end of July, the general department of customs said.

Truong Dinh Hoe, general secretary of the Viet Nam Association of Seafood Exporters and Producers, said the association expects Viet Nam to gain $3.5 billion from exporting shrimp and prawns this year, compared to $3 billion last year, reported the Thoi bao Kinh te Viet Nam (Vietnam Economic Times )newspaper. This is because the export of Vietnamese shrimp and prawns increased in quantity, value and demand in the first half of this year.

Meanwhile, Viet Nam has stable supplies of these products till the end of this year, compared to the low supplies from China and Thailand, two large producers of shrimp in the world. 

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