May 10, 2012

Vietnam's Q1 shrimp exports to Australia doubles

The Vietnam Association of Seafood Exporters and Producers (VASEP) said that in the first quarter of 2012, the country's shrimp exports to Australia hit US$20 million, doubling that of the same period last year.

As a result, Australia surpassed Canada to become the sixth biggest market for Vietnamese shrimp, the association said.

Vietnamese shrimp exports to Australia increased 21% to US$3.9 million in January but surged 173% in February and 114% in March, hitting US$9.8 million and US$8.4 million, respectively.

Processed shrimp products accounted for over 80% of total shrimp exports to Australia, said the VASEP, adding prawn shrimp accounted for 63% of shrimp shipped to the market.