May 22, 2014

Vietnam sees highest growth in shrimp exports in three Years


Vietnam's shrimp exports continued to rise in 2013 and reached US$1.65 billion in value, a jump of 31% compared to 2012 and the highest growth rate in three years.

The country saw an increase in white-leg shrimp production and exports in 2013, which is the driving force for the country's seafood export business.

Vietnam experienced continuous drop in exports of tuna (-26%) and bivalve mollusk (-13%). However, these were compensated for by US$800 million generated in sales of shrimp.
White-leg shrimp sales surged 212%, accounting for 60% of Vietnam's total shrimp export value, while black tiger shrimp exports rose 13% and accounted for 32% of the total, according to Vietnam Association of Seafood Exporters and Producers (VASEP). 
In the first quarter of 2014, US remained the largest importer of Vietnam's seafood with shrimp sales doubling. Seafood exports to EU rose 19% in the same period, while exports to Japan increased 10%.