Vietnam’s shrimp exports rise 22.3 per cent in 2017

ShrripVietnam’s shrimp exports increased 22.3 per cent in 2017 as compared with 6.7 per cent in 2016, according to Vietnam Association of Seafood Exporters and Producers (VASEP)

The export value of Vietnamese shrimp reached at US$3.85bn, cited VASEP.

The increase in export is considered to be resulted from the government’s efforts to overcome existing challenges to reach international marketplaces.

In 2017, the total output of Vietnamese shrimp stood at 723, 800 tonnes, as reported by Directorate of Fisheries. Among them, the output of brackish water shrimp reached 683, 400 tonnes that included 256, 400 tonnes of black tiger shrimp and 427, 000 tonnes of whiteleg shrimp, as reported by efeedlink.

The country exported shrimp to the large markets including the US and the European Union, said the source.

Among the Asian countries, China saw the highest growth of 56.8 per cent, with export value reaching at US$683.2mn. The country is expected to exceed Japan in importing Vietnamese shrimp in Q1 2018.

In the Q1 2018, Vietnam’s shrimp export is set to increase five per cent, according to VASEP.

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