In October 2022, Vietnam’s shrimp exports to China increased by 50% to reach USD 65 million. With this growth momentum, China has become Vietnam’s largest shrimp import market, surpassing the United States.
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According to the latest statistics from the Association of Aquatic Products Producers and Exporters of Vietnam (VASEP), in 10 months, Vietnamese shrimp exports to China reached 547 million USD, up 60% over the same period. period.
In October, Vietnam’s shrimp exports to China recorded the highest growth rate among Vietnam’s top 5 shrimp import markets.
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According to VASEP shrimp market expert Kim Thu, China’s domestic shrimp production has declined due to unfavorable weather conditions as well as shrimp diseases in some major producing areas. Increased demand for shrimp imports to celebrate the Mid-Autumn Festival, National Day and Lunar New Year has prompted China to increase imports in recent months.
According to Chinese customs, in October 2022, China’s shrimp imports reached 80,000 tons, compared to 87,0000 tons imported in September.
| Vietnamese prawn exports to China are booming. |
In the first 10 months of this year, China imported 691,000 tons of frozen shrimp, up 49 percent from the same period last year. “China’s shrimp imports in November and December are expected to continue to decline compared to previous months, although they still register a strong increase compared to the same period last year. This is due to a seasonal drop in demand after storage for Lunar New Year. Import demand expected to rise sharply after Lunar New Year in China“, estimated M.me Thu.
In the first 10 months of this year, China imported 691,000 tons of frozen shrimp, up 49 percent from the same period last year.
«China’s shrimp imports in November and December are expected to continue to decline compared to previous months, although they still register a strong increase compared to the same period last year. This is due to a seasonal drop in demand after storage for Lunar New Year. Import demand expected to rise sharply after Lunar New Year in China“, estimated M.me Thu.
Texte et photo: Truong Giang/CVN