Shrimp exports to Canada enjoy highest increase in CPTPP bloc

Thursday, 23/06/2022 16:46
After the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect in 2019, Vietnam’s shrimp exports to Canada continuously increased.
Shrimp exports to Canada enjoy highest increase in CPTPP bloc. (Photo: VASEP) 

Data from the Vietnam Association of Seafood Exporters and Producers (VASEP) shows that Canada is the third largest importer of Vietnamese shrimp in the CPTPP bloc, accounting for 22% of the country’s total shrimp exports to this market.

Specifically, shrimp export turnover to Canada in 2020 reached 187 million USD, up 23% compared to 2019; the figure in 2021 reached 180 million USD, up 18% compared to 2019.

Up to the first half of May 2022, shrimp exports to this market also recorded a growth of 87% over the same period last year, reaching 100 million USD.

In recent years, Canada has consumed a lot of warm water shrimp from Southeast Asian countries in the context of a decrease in the supply of cold water shrimp. This can be considered a favorable factor for Vietnam’s shrimp exports to Canada.

Vietnam has strengths in seafood production with a variety of products. This is an opportunity to expand the market share of Vietnamese shrimp in Canada./.