MEKSEA.COM – In the first four months of 2022, Vietnam’s shrimp exports to Australia reached 95 million USD, up 74% over the same period last year, the highest growth compared to the same period in previous years.

According to statistics from Vietnam Customs, from 2018, shrimp exports to Australia also continuously increased from 115 million USD in 2018 to 188 million USD in 2021. Australia is the 7th largest import market of Vietnam’s shrimp, accounting for 5% of Vietnam’s total shrimp import value in 2021. In 2022, Vietnam’s shrimp exports to Australia recorded a rather high growth milestone. Australia has overtaken the UK to rank 6th in shrimp imports from Vietnam with the proportion increasing to 7%.

In the first four months of 2022, Vietnam’s shrimp exports to Australia reached 95 million USD, up 74% over the same period of 2021. (Photo: Internet)

Vietnam’s shrimp exported to Australia in the first four months of this year are cooked, headless and tailed frozen vannamei shrimp; Frozen fresh frozen PD headless vannamei shrimp, frozen fresh frozen PDTO tailless headless shrimp, frozen IQF PD IQF vannamei…

According to data from the World Trade Center, Australia’s shrimp imports in the first quarter of 2022 reached nearly 100 million USD, up 18% over the same period last year. Since the beginning of 2021, shrimp imports into Australia have recorded continuous growth.

Among the top shrimp suppliers for Australia in the first quarter of this year, shrimp imports from Vietnam increased while imports from the remaining sources decreased.

Vietnam is the largest shrimp supplier to Australia, accounting for 72% of the total shrimp import value of this market. Thailand ranks second with a market share of 13%, followed by China with 8%.

Read more: Vietnam’s seafood export situation in the first 4 months of 2022

With multilateral free trade agreements with Australia, especially the Regional Comprehensive Economic Partnership (RCEP) effective from the beginning of 2022, Vietnam’s shrimp export to the Australian market is more and more competitive thanks to tariff preferences

With the advantage of being the largest shrimp supply to Australia for many years, along with the advantage of RCEP, Vietnam’s shrimp exports to Australia are expected to continue to grow this year.

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By Hayati (Meksea Team)

(hayati@mekseaconnection.com)

(Reference: VASEP)

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