December 15, 2011

In January-October 2011, Vietnam's shrimp export revenues hit almost US$2 billion, state media reported Monday (Dec 12).

Among three key import markets, monthly shrimp exports to Japan and the US went up and down but exports to the EU grew firmly.

During January-October, Vietnam shrimp exports to the EU kept a high and continuous growth. The proportion of shrimp export value to the EU rose from 16% in 2010 to 18% in the first 10 months of 2011, reached US$350 million, up 29% on year.

Among countries in EU block, Germany, the UK and France are three leading markets in importing Vietnam shrimp. The total shrimp export value to these markets made up 57% of shrimp export value to EU.

Vietnam's shrimp exports to the US rose only 2% on year during January-October. During that time, the Southeast Asian country earned US$477 million to Japan, down 0.04% on year.

Apart from three key markets, Vietnam witnessed robust increase in exporting shrimp to other markets such as China with US$183.8 million, up 70.5%, South Korea with US$122 million, up 31.9% and Russia with US$18 million, up 227% in the first 10 months of this year.

It is much likely that shrimp exports of Vietnam this year will exceed US$2.1 billion of last year.