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Farmed shrimp exports grow strongly

Shrimp products currently account for 50% of the total value seafood export of Vietnam and is the product with the strongest growth in recent years. In 2021, shrimp export turnover will reach nearly 3.9 billion USD. Since the beginning of the year, thanks to the world’s COVID-19 epidemic showing signs of abating, shrimp exports, mainly farmed shrimp, have grown very strongly, reaching a turnover of over $1.5 billion so far. increased by more than 41% over the same period last year

According to the Vietnam Association of Seafood Exporters and Producers, from the beginning of the year until now, shrimp exports have maintained a high growth rate of 35%. The US continues to be the largest shrimp import market of Vietnam with the proportion accounting for more than 20%, followed by the Chinese market.

Seafood exports, especially shrimp, to Europe, Japan, South Korea and many other markets recorded double-digit growth in the first months of 2022.

It is forecasted that seafood exports in the second quarter will reach $2.8-3 billion, up about 36 to 38% over the same period in 2021. Vietnam’s shrimp exports this year will grow steadily thanks to demand from markets The market is still good and preferential from the Free Trade Agreement. If the situation is favorable, shrimp export turnover for the whole year can reach a growth rate of 10%.

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