China emerges as largest buyer of Vietnamese crabs in Q1
Vietnam raked in more than US$52 million from exporting crabs in the first quarter of the year, up 75% year on year, with China emerging as the largest importer, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Statistics show China, Japan, the United States, Canada, and the UK all remained as the country’s largest five single export markets throughout the reviewed period.
Most notably, the export of crabs and other crustaceans to China skyrocketed by 395% compared to the same period last year.
Alongside China, the export of these products to markets such as Australia and Singapore also witnessed a three-digit growth rate.
This flourishing export growth can largely be attributed to the Lunar New Year holiday in China and other Asian countries, along with the global economic recovery as a result of inflation being contained in many countries.
Currently, Vietnam is home to more than 93 businesses getting involved in exporting crabs and other crustaceans, including Trung Son Long An Co., Ltd, Bach Dang International Co., Ltd, and Hoang Ha International Logistics.
