Shrimp exports bring home nearly 2.8 billion USD in nine months: VASEP
Vietnam's shrimp export turnover is estimated at nearly 2.8 billion USD in the first nine months of this year – the highest among aquatic products, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
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The figure represented a surge of 10.5 per cent in shrimp exports compared to that of the same period last year, the association reported.
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| Shrimp processing for export. (Source: VNA) |
While frozen shrimp exports faced competition from Ecuador and India, processed shrimp maintained a strong market position. Overseas shipments of processed white-leg shrimp grew by nearly 10 per cent, while frozen white-leg shrimp rose by 4.5 per cent.
Shipments to several major markets posted positive results. As of September 15, shrimp exports to the US reached 516 million USD, to the EU 337 million USD, and to China and Hong Kong (China) 529 million USD, up 8 per cent, 15 per cent, and 26 per cent year-on-year, respectively.
VASEP forecast Vietnam is likely to rake in nearly 4 billion USD from shrimp exports this year.
(Source: VNA)
