Vietnam’s shrimp export earnings rise slightly over nine-month period

The United States remained the biggest buyer of Vietnamese shrimp products in the reviewed period, spending US$516 million in on imports, up 8% compared to the same period last year.

It was followed by the EU with US$337 million, up 15%; Hong Kong (China) with US$529 million, up 26%; and Japan with US$342 million, down 1%.

White-leg shrimp is the main export product of the Vietnamese shrimp industry, contributing nearly US$2 billion to the total turnover between January and September. Meanwhile, black tiger shrimp exports brought back US$334 million.

The price of white-leg shrimp (size 50,80,100 shrimps per kilogramme) witnessed a steady increase from July to September.

The average price of Vietnamese shrimp exported to the US, the EU, China, and Japan has also increased slightly since June.

If the export momentum is maintained in the remaining months of the year, Vietnam could achieve a shrimp export value of US$4 billion this year, as reported by the VASEP.