MEKSEA.COM – In the first 6 months of 2022, Vietnam exported shrimp to 105 markets, with a revenue of nearly USD 2.3 billion, up 31% over the same period in 2021.

The top 4 largest shrimp import markets of Vietnam include the US, China, and Korea, accounting for 21%, 15%, and 10%, respectively. While shrimp exports to China and Korea increased by 107% and 38% respectively, exports to the US and Japan only increased slightly by 10% and 15%. Particularly in the second quarter, shrimp exports to the US market decreased by 6% after increasing by 45% in the first quarter.

Shrimp exports to Canada and Australia still take advantage of the tariff advantages from the CPTPP, so they recorded a high increase in export turnover of 71% and 53%, both accounting for 6% of Vietnam’s shrimp exports. Moreover, Vietnam’s shrimp exports to the top 3 EU markets including the Netherlands, Germany, and Belgium increased sharply from 38% to 93%.

Vannamei shrimp exports in the first 6 months accounted for 77%, reaching approximately 1.7 billion USD, up 27%, including 97 markets.

In the first half year, the top 5 largest vannamei shrimp import markets of Vietnam include the US, Japan, South Korea, Australia, and Canada, accounting for nearly 65% ​​of the total export value of this shrimp species. Exports to South Korea, China, Australia, and Canada increased sharply from 41 to 86%. The average export price of frozen vannamei shrimp in the first 6 months of this year reached USD 9.34/kg.  In which, the US, Canada (USD 11.93/kg), and Australia had high average shrimp export prices (USD 11.77/kg). Exporting to South Korea has the lowest average price of 5.88 USD/kg. Exports to the Netherlands, Germany, and Belgium range from 7.5 to 9.48 USD/kg.

Read more: Vietnam’s shrimp exports to the US increased 21% in the first 5 months of 2022

Besides, black tiger shrimp were exported to 62 markets, reaching USD 315 million, accounting for 13%, up 18% over the same period last year. The top 3 markets that consume the most of Vietnam’s black tiger shrimp include Japan, accounting for nearly a quarter of export value, China accounting for 12%, and the US accounting for 12%. Only Japan sharply increased imports of black tiger shrimp, up 31%, and exports to the US increased only 2%. Meanwhile, exports of black tiger shrimp to China decreased by 16% over the same period in 2021.

The average export price of frozen black tiger shrimp in the first 6 months of 2022 reached USD 12.95/kg. In particular, the export price to the US has the highest price: USD 20.29/kg, and the export price to China and Taiwan is only USD 9.45 and USD 9.29/kg, respectively. Canada also imported Vietnamese black tiger shrimp at a high price of 18.65 USD/kg. In addition, Switzerland is also a market with a high import price of 19.25 USD/kg, probably due to the demand for shrimp depending on the organic shrimp segment.

In addition, Vietnam’s lobster exports in the first 6 months of this year increased more than 13 times to nearly 120 million USD, and nearly 100% of lobsters were exported to China with 118.5 million USD.

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By Hayati (Meksea Team)

(hayati@mekseaconnection.com)

(Reference: VASEP)

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