Shrimp exports increased sharply

( – In September 2020, Vietnam’s shrimp export (export) reached nearly 385 million USD, an increase of over 25% compared to September 2019, the highest growth rate since March this year.

In the first 9 months of this year, shrimp exports reached 2.7 billion USD, up 10.5% over the same period in 2020. In which, whiteleg shrimp accounted for 72% of the total turnover, tiger shrimp accounted for 16%, the rest is marine shrimp.In September 2020, excluding exports to Japan decreased, Vietnam’s shrimp exports to other major markets increased such as the US (+ 39.6%), China (+ 22.9%), EU (+35, 4%), South Korea (+ 3.2%), UK (+ 54.3%), Canada (+ 47%), Australia (+ 50.7%). Notably, Vietnam’s shrimp exports to the EU in September 2020 reached the highest growth rate since the beginning of the year thanks in part to the positive impact from the Vietnam – EU Free Trade Agreement (EVFTA). The main import markets of Vietnamese shrimp increased imports to serve year-end festivals.

The US is the leading market for importing (importing) Vietnamese shrimp, accounting for nearly 24%. Vietnamese shrimp has a competitive advantage over rival sources such as India and Ecuador thanks to a faster stabilization of production after COVID-19 epidemic. After 9 months of exporting shrimp to the US market reached over 634.4 million USD, up 33% over the same period last year. The US is considered the market with the most stable demand

On the EU market, restaurants and food services are gradually reopening. The tourism industry also started to kick off. Meanwhile, retail or online sales continue to increase and demand for shrimp for the retail segment will increase in preparation for the year-end holidays.

After decreasing in previous months, Vietnam’s shrimp exports to the EU started to grow well in the third quarter of 2020 thanks to the positive impact from the EVFTA Agreement, which took effect from the beginning of August this year. After the first 9 months, shrimp exports to this market reached over $ 371 million, up 2.3%.

The EU is a market with good profit margins and this will be a market that many enterprises focus on exporting in the last months of the year. Vietnam shrimp exports to the EU from now to the end of the year are expected to continue to increase.

With positive signals in Vietnam’s shrimp exports in the first 9 months of this year, Vietnam’s shrimp exports for the whole year 2020 are expected to reach $ 3.7 billion, up 9.8% compared to 2019.

18 thoughts on “Shrimp exports increased sharply

  1. bahis says:

    I was reading through some of your posts on this website and I believe this website is really informative! Keep putting up. Caria Antonio Joktan

  2. erotik says:

    I was looking through some of your blog posts on this site and I conceive this website is really informative ! Keep putting up. Truda Demetri Vincents

  3. bahis says:

    I was reading through some of your content on this site and I think this internet site is really instructive! Continue posting. Hermione Rufe Blakeley

  4. erotik says:

    Great article! We are linking to this particularly great post on our website. Keep up the good writing. Mead Penrod Mansfield

  5. download says:

    I go to see daily a few blogs and websites to read articles, but this website offers feature based articles. Christyna Germayne Cece

  6. yify says:

    Hi there, after reading this awesome piece of writing i am as well delighted to share my knowledge here with friends. Willette Benton Echo

  7. torrent says:

    There is definately a great deal to know about this topic. I really like all of the points you have made. Aaren Corey Hamrah

  8. torrent says:

    Howdy! I simply want to offer you a big thumbs up for the great info you have here on this post. I am coming back to your website for more soon. Margaretha Herbie Bobbi

Leave a Reply

Your email address will not be published. Required fields are marked *