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Shrimp export will surpass US$2 billion

Not facing many problems like pangasius, Vietnam’s shrimp export in 2010 is fairly smooth. From January to October 2010, Vietnam’s shrimp export value has reached over US$1.68 billion, nearly touching the level of US$1.69 billion in 2009. The country’s export is estimated at over US$2 billion in 2010.
Shrimp export to most major markets increased, in which export to 3 key markets including Japan, the U.S. and EU grew strongly in both volume and value. From January to October 2010, Japan consumed 52,015 MT of shrimp, worth over US$477 million, up 10.8% in volume and 17.2% in value compared to the same period of 2009. The U.S. ranked the second with 42,441 MT, valued at US$447.8 million, up 15.9% in volume and 34.6% in value. Export to EU, the third market of Vietnamese shrimp reached 37,090 MT, worth US$271 million, up 8.1% in volume and 16.8% in value.

The total shrimp export volume reached more than 195,000 MT, in which frozen black tiger shrimp accounting for 94,443 MT (US$958 million). This year, whiteleg shrimp export also increased sharply over last year, in which frozen whiteleg shrimp reached 34,743 MT (nearly US$220 million).

Vietnamese shrimp export remained the positive growth even in the light of global economic recession in 2009. Therefore, Vietnamese shrimp’s position is gradually being confirmed, but ensuring the safety and hygiene is likely the major challenges that Vietnam’s shrimp industry must overcome

Source: VASEP

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