VASEP also revealed there was a sharp rise in raw shrimp price, which together with the anti-dumping tax imposed by the United States, led to a significant drop in Vietnamese shrimp exports to that country.
On the other hand, the demand for the species in Japan led to an increase in exports, favoured by the appreciation of the Japanese Yen that made shrimp exporting companies shift to this market.
Exports to other markets such as the European Union and South Korea reported a positive recovery to offset declines in the US China and Australia.
In the analysed quarter, whiteleg shrimp sales abroad remained the largest share of 63.3 per cent in Vietnamese...
Vietnam’s shrimp exports remain stable in Q1 Viet Nam
In the first quarter this year, Vietnamese shrimp exports reached the same value as the same period in 2016, at USD 618.3 million, Vietnam Association of Seafood Exporters & Producers reported.