July 11, 2017

 

Vietnam shrimp exports in H1 up 15.7%
 

 

Vietnam exported US$1.56 billion worth of shrimp during the first half of this year, up 15.7% year-on-year, the Vietnam Association of Seafood Exporters and Processors (VASEP) said, according to the state-owned Vietnam News Agency.

 

Of the total amount, white leg shrimp export earnings were estimated at nearly $955 million, up 20.4%, while tiger prawn export revenue hit $421 million, down 5.3%.

 

The growth of shrimp exports pushed total value of fisheries shipments to $3.6 billion in the six months through June, or a 14.6% increase.

 

Japan has replaced the US as the leading importer of Vietnamese shrimp, thanks to high demand and improved quality. Other major markets, besides the US, are the European Union and South Korea.

 

Shrimp export is forecast to keep on the growth track in the second half, during which business is especially brisk for the Christmas and New Year holidays.

 

VASEP forecasts that shrimp export value will increase 9% to $3.4 billion this year.