EU a bright spot on Vietnam’s shrimp export markets

Thursday, 23/05/2024 10:28
Vietnam’s shrimp exports to the EU market reached 38 million USD in April 2024, up 28% over the same period.
Photo for illustration

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam’s shrimp exports reached 287 million USD in April 2024, a year-on-year increase of 0.2%. In the first 4 months of this year, export turnover totaled 974 million USD, year-on-year increase of 10%.

In April this year, Vietnam’s shrimp exports saw a change in the import trend of main markets. In the previous months, the two markets of America and China and Hong Kong (China) recorded strong growth, but in April, exports to the US decreased and to China and Hong Kong (China) only increased slightly.

Exports to the Republic of Korea soared again after decreasing in the previous two months. Exports to the EU market, after 2 months of deep decline, recovered growth in April. The EU is the main market recording the best growth in April.

Specifically, shrimp exports to the US in April decreased by 15% after slight growth in March. Overall, Vietnamese shrimp exports to the market totaled 168 million USD in the first 4 months this year, a year-on-year rise of 5%.

Vietnamese shrimp exports to China and Hong Kong (China) markets increased by 1.7% to 64 million USD in this month. Accumulated in the first 4 months of the year, shrimp export turnover to this market reached 192 million USD, a year-on-year increase of 41%.

Shrimp exports to the RoK also recorded a slight increase of 4% in April this year and the turnover in the first four months to this market reached 95 million USD, down 10%.

Shrimp exports to the EU market reached 38 million USD in April this year, up 28% over the same period. Accumulated in four months, export value reached 119 million USD, almost equivalent to the same period last year.

Export value to the main single markets in the bloc all grew by double digits. Exports to Germany, the Netherlands and Belgium increased by 29%, 37% and 39% respectively, and exports to Denmark increased sharply by 88%./.