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Vietnam shrimp exports down 4% in first 3 quarters

 


Total shrimp exports of Vietnam in the first nine months reached US$2.6 billion, down 4% compared with the same period last year after a downward trend that began in the second quarter, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).


Specifically in July, exports fell 20.3% from the same period last year. In August they declined nearly 14%, and in September, the decline continued, at 14.8% to nearly US$332 million.


Whiteleg shrimp took the main share of Vietnam's shrimp export products, accounting for 68.4% during the nine-month period, followed by black tiger shrimp with 23.1% and marine shrimp with 8.5%.


In the first nine months, the value of processed whiteleg shrimp exports increased 1%, while that of black tiger shrimp fell 7% and that of marine shrimp also fell 28% compared with the same period last year.


The EU is Vietnam's largest shrimp importer, accounting for 24.7% of Vietnam's total shrimp exports to markets. Vietnamese shrimp exports to this market reached $648.4 million in the first nine months, up 11% over the same period in 2017.


The UK, the Netherlands and Germany are the three largest shrimp importers of Vietnam in the EU. In the first nine months of this year, shrimp exports to the three markets showed positive growth of 27.6%, 11.6% and 19.4% respectively over the same period last year. 
 
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