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June 3, 2014

Vietnam

Huge Gain in Shrimp Exports

 

In the first quarter of 2014, Vietnam’s shrimp exports were valued at $798 million, up 88 percent over the first quarter of 2013, and the surge continued in the first month (April) of the second quarter, with exports up 69 percent over April 2013.  Through April 2014, exports were valued at $1.2 billion, up 82 percent over the same period in 2013.  Through April 2014, exports to the United States were up 104 percent; to the European Union, up 141%; and to China, up 170 percent.  Japan was the only country that reported a decline in shrimp imports from Vietnam, mainly due to Japan’s finding oxytetracycline residues (an antibiotic) in two consignments imported from Vietnam.

 

Through April 2014, Vietnam’s white shrimp (Penaeus vannamei) exports doubled the value of its giant tiger shrimp (P. monodon) exports.

 

The United States is the leading importer of Vietnamese shrimp, accounting for 31.6 percent of its exports, up from 21.4 percent in the first four months of 2013.

 

Source: Vietnam Association of Seafood Exporters and Producers (VASEP) Website.  Sharp Rise Remained in Vietnam’s Shrimp Exports.  Kim Thu.  June 3, 2014.

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