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Shrimp processing line. (Photo: VASEP)

Shrimp exports grow nearly 16 pct in first half

  (VIET NAM, 7/15/2017)

Vietnamese shrimp exports grew 15.7 per cent in the first half of this year from the same period of 2016, to reach a value of USD 1.56 billion, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Of the total revenue generated by these exports, white leg shrimp export earnings were estimated at nearly USD 955 million, representing a 20.4 per cent growth year on year while tiger prawn export revenue hit USD 421 million, which is a 5.3 per cent decline.

The growth of shrimp exports pushed total value of fisheries shipments to USD 3.6 billion in the first six months of 2017, a 14.6 per cent increase compared to the first half last year.

Japan has replaced the United States as the leading importer of Vietnamese shrimp thanks to the high demand and improved quality of the products. Apart from those markets, other important ones include the European Union and the Republic of Korea.

VASEP forecasts that shrimp exports will keep growing in the second half of the year, especially during Christmas and New Year holidays, and that they will generate a total of USD 3.4 billion, 9 per cent more than in 2016.
 
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