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July 30, 2014

Vietnam

Exports by Country, January/June 2014

 

Through June 2014, the value of Vietnam’s shrimp exports reached nearly $1.8 billion.  If diseases remain under control and shrimp prices don’t crash, Vietnam’s shrimp exports could surpass $3.5 billion in 2014!

 

In the first quarter of 2014, the European Union was the fastest growing market among the top ten markets for Vietnam’s shrimp.  Shrimp exports to the EU were over $175.4 million, up 116 percent over the same period in 2013.  Shrimp consumption in many EU countries has improved significantly as the economic recovery in Europe takes hold.  The shortage of global shrimp supply caused by early mortality syndrome (EMS) also helped Vietnam increase its shrimp exports to Europe.

 

Through June 2014, the value of shrimp exports to the USA was over $527.7 million, up 109.2 percent over the same period in 2013.  Exports to the USA in the second half of 2014 may not continue their rapid advance due to greater competition from other suppliers, like Ecuador.

 

The second quarter of 2014 saw a significant reduction in shrimp exports to Japan because of Japan's inspection of all Vietnamese shrimp for the antibiotic oxytetracycline (OTC).  The inspections began in mid-March 2014.  If the OTC problem is not resolved, shrimp exports to Japan will continue to be gloomy.

 

China is the fourth largest market for Vietnam’s shrimp, and exporters expect that market to continue growing.

 

 

 

Vietnam Shrimp Exports to Major Markets

(USA Dollars/Add 000)

Top 10 Markets in

Bold

First Quarter 2014

$

Compared to First Quarter 2013

% Change

Second Quarter 2014

$

Compared to Second Quarter 2013

% Change

January June 2014

      $

Compared to Jan/June 2013

% Change

USA

263,394

+200.2

264,314

+60.6

527,707

+109.2

Japan

143,274

+33.3

167,899

-10.0

311,173

+5.9

EU

111,993

+97.9

175,476

+115.8

287,470

+108.5

Germany

27,293

+93.7

35,127

+90.2

62,419

+91.7

Netherland

12,061

+81.4

43,111

+500.4

55,172

+299.0

France

18,606

+125.6

24,026

+63.7

42,632

+86.0

China

77,568

+26.1

135,357

+58.4

212,926

+44.9

Hong Kong

19,684

+50.8

24,612

+60.0

44,96

+55.8

South Korea

63,790

+162.6

74,337

+93.7

138,28

+120.4

Australia

37,904

+85.9

31,052

+28.4

68,956

+54.7

Canada

26,372

+86.3

35,513

+38.0

61,886

+55.1

Taiwan

12,620

-6.4

29,974

+46.4

42,594

+25.5

Switzerland

15,363

+79.9

23,790

+112.9

39,153

+98.6

ASEAN

12,341

+52.6

15,427

+34.4

27,768

+41.9

Singapore

6,566

+20.1

9,386

+26.3

15,951

+23.7

Philippines

2,905

+123.5

3,505

+42.1

6,410

+70.2

Others

33,519

+49.2

39,614

+37.0

73,133

+42.3

Total

798,139

+87.9

992,753

+46.4

1,790,892

+62.4

 

Source: Vietnam Association of Seafood Exporters and Producers (VASEP) Website.  Shrimp Exports in 2014 to Exceed USA $3.5 Billion.  Thu Trang.  July 28, 2014.

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