September 11, 2013
 

Vietnam's shrimp exports to EU increase in 2013

Vietnam's shrimp producers, who are subjected under an anti-dumping duty and a countervailing tax rate of 4.52% imposed by the US Department of Commerce (DOC), are benefiting from the recovering economies of the EU.

Since May 2013, shrimp exports to the EU began to recover, with a monthly growth of 12.5%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

In 2012, the country's shrimp exports to the region are reported to be on a continuous decline towards late April 2013. The drop is due to low demand caused by the regional economic downturn.

In the first seven months of 2013, shrimp shipments to the EU registered over US$176.3 million, up 2.1% from the same period of 2012.

Among the EU nations, the UK and France are two of the three largest importers of Vietnamese shrimps. Both markets have reported positive growth in shrimp imports from the country since the early 2013. Vietnam's shrimp exports to the UK have progressed continuously, with a growth of 46% monthly. Shrimp exports to France also reported a growth of 83.2% in one month on par with the same period last year.

Despite continuous decline in shrimp exports to Germany in recent months, the market remains in the top position for Vietnamese shrimp imports. In July 2013, shrimp shipments to Germany surged 2% compared to July 2012. In January-July 2013, shrimp exports to the market reached over US$42 million.

According to Vietnam Customs, in January-July 2013, Vietnam exported over US$29.6 million of shrimp to France. The figure represented an increase of nearly 40% from the same period of 2012 in which black tiger shrimps accounted for 41% of the country's total shrimp exports to the market.

France, together with Italy, has increased shrimp imports this year. In January-March 2013, shrimp imports into France were up 1% from the same period of 2012 and imports from key exporters, except Thailand, reported a slight rise.