A series of ‘superpowers’ collect and buy, Vietnamese businesses sell shrimp to earn 2 billion USD

shrimp, export

Strongly collected by a series of “superpowers” in the world, businesses are full of shrimp export orders, bringing in 2 billion USD in just 7 months of 2024.

According to the latest report of the Ministry of Agriculture and Rural Development, in the first 7 months of 2024, seafood export turnover is estimated at 5.29 billion USD. Compared to the same period last year, exports of this group of goods increased by 7.3%, ranking in the top 2 in terms of export turnover in the agricultural sector.

In which, shrimp exports alone earned 2 billion USD, up 7.5% over the same period last year. Shrimp export turnover continues to maintain the No. 1 position in the seafood industry.

Currently, Vietnam is in the top 3 largest shrimp exporting countries in the world, accounting for 13-14% of the total global shrimp export value. Vietnam’s shrimp has been exported to about 100 countries and territories.

In the first half of this year, a series of “superpowers” such as China, the US, Japan, the EU… continue to spend a large amount of money to buy Vietnamese shrimp, contributing to pushing the export turnover of commodities to maintain positive growth.

Specifically, shrimp exports to the Chinese market (including Hong Kong) reached 328 million USD, a sharp increase of 17% over the same period last year. In the top 5 largest shrimp export markets of our country, China is the market with the highest growth rate.

In particular, in the first half of this year, China – the largest customer of Vietnamese lobster – has increased purchases sharply, contributing to a 57-fold spike in export turnover of this “rich seafood” over the same period last year.

Next is the US market with an export turnover of 303 million USD, a slight increase of 1%; exports to Japan reached 229 million USD, down 3%; to the EU reached 217 million USD, up 13% over the same period in 2023.

Notably, the price of white leg shrimp (shrimp products accounting for the highest proportion of our country) to some markets is trending up again.

Specifically, the average export price of white leg shrimp to China increased by 3.1% compared to the previous month, to 6.5 USD/kg; to the US increased by 2%, at 10.2 USD/kg; to Japan increased by 3.4% to 8.8 USD/kg…

shrimp
Shrimp industry enterprises are stepping up production to welcome the “golden season” in the last months of the year. Image: Internet

 

In the first half of this year, a series of “superpowers” such as China, the US, Japan, the EU… continue to spend a large amount of money to buy Vietnamese shrimp, contributing to pushing the export turnover of commodities to maintain positive growth.

Specifically, shrimp exports to the Chinese market (including Hong Kong) reached 328 million USD, a sharp increase of 17% over the same period last year. In the top 5 largest shrimp export markets of our country, China is the market with the highest growth rate.

In particular, in the first half of this year, China – the largest customer of Vietnamese lobster – has increased purchases sharply, contributing to a 57-fold spike in export turnover of this “rich seafood” over the same period last year.

Next is the US market with an export turnover of 303 million USD, a slight increase of 1%; exports to Japan reached 229 million USD, down 3%; to the EU reached 217 million USD, up 13% over the same period in 2023.

Notably, the price of white leg shrimp (shrimp products accounting for the highest proportion of our country) to some markets is trending up again.

Specifically, the average export price of white leg shrimp to China increased by 3.1% compared to the previous month, to 6.5 USD/kg; to the US increased by 2%, at 10.2 USD/kg; to Japan increased by 3.4% to 8.8 USD/kg…

Source: vietnamnet.vn

 

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