December 27, 2017
Vietnam biggest supplier of shrimp to Switzerland for past 10 years
Vietnam has served as Switzerland's biggest supplier of shrimp over the past 10 years, according to the Vietnam Association of Seafood Exporters and Producers (VASEP), VNS reports.
VASEP said Vietnamese shrimp accounts for over 50% of total shrimp imports of Switzerland, which buys some 8,500 tonnes of shrimp yearly.
Frozen shrimp and processed shrimp in sealed bags are the two main products imported into Switzerland, of which Vietnam is the largest supplier of these two products, according to VASEP.
Together with Germany, Denmark, Ecuador and Bangladesh, Vietnam enjoys free import duty on frozen shrimp accorded by Switzerland, VASEP said.
Despite the free import duty, German and Danish shrimp are less affordable than Vietnamese shrimp, which has to compete, however, with shrimp from Ecuador and Bangladesh, as well as other Asian countries including Thailand and India.
Switzerland ranks 10th among Vietnam's main shrimp import markets, accounting for 1.03% of the Southeast Asian country's total shrimp exports to all the markets.
As of Nov. 15, Vietnam's shrimp exports to Switzerland has reached US$34.3 million, up 17.3% over the same period last year.