Vietnam’s shrimp exports to Korea increased in 2021
MEKSEA.COM – It is expected that Vietnam’s shrimp exports to Korea in 2021 will increase by 3-5% compared to last year. In which, Korea mainly imports vannamei shrimp from Vietnam with the proportion of 85%
Vietnam’s shrimp exports to Korea are recovering
In the first 9 months of this year, Vietnam’s shrimp exports to Korea maintained a positive growth momentum.
Now Vietnam’s shrimp exports to Korea are recovering. (photo: Internet)
From the beginning of the year to the first half of October 2021, Vietnam’s shrimp exports to Korea reached nearly 278 million USD, up 0.9% over the same period in 2020. Despite the impact of the pandemic outbreak in July, now, shrimp exports to Korea have seen many positive changes. In September, Vietnam’s shrimp exports to Korea reached 30.8 million USD, increased by 3.6%. In the first half of October, shrimp exports to South Korea increased by 26% over the same period last year.
The main shrimp products Vietnam exports to Korea include head off, shell off, tail on vannamei shrimp; fresh and frozen Nobasi vannamei shrimp; fresh and frozen Susho vannamei shrimp; frozen PD vannamei shrimp and frozen PD spear shrimp.
Opportunity for Vietnamese seafood businesses
In the coming time, the Korean market is increasing import demand to meet consumption needs for Lunar New Year and this year’s peak season. This is an opportunity for Vietnamese businesses to boost exports to Asian markets. Which many benefits such as close distance and lower logistics costs compared to European and American markets.
Currently, Vietnamese seafood enterprises are taking advantage of these chances to boost shrimp exports to the potential Korean market. Not only the opportunity to recover exports after the covid-19 outbreak in Southern provinces but also to achieve the set export target in 2021.
To achieve these goals, factories and businesses need to have strict epidemic control measures to maintain stable capacity and production. Promote exports not only to the Korean market but also to other potential markets.
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By Hayati (MekseaTeam)
(hayati@mekseaconnection.com)
(Reference: VASEP)
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