July 16, 2023 | 07:40 GMT+7

Shrimp exports recovering with higher demand from China

Thanh Thủy -

China is the leading consumer of Vietnamese shrimp, with May imports up 77%.

Rising demand for shrimp from China has helped boost exports in Vietnam’s shrimp industry, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

China imported over 100,000 tons of shrimp in May, a year-on-year increase of 77 per cent, figures from Customs of China show.

Vietnamese enterprises earned $78 million from exporting shrimp to the northern neighbor in May, a record for the year.

China topped the list of shrimp importers in the month, with 23 per cent, followed by the US with 21 per cent.

However, shrimp export prices remain low despite the volume increase as global demand is still low, according to VASEP. The average price was $5.77 per kilo in May, up slightly from $5.33 per kilo in April.

Attention
The original article is written and published on VnEconomy in Vietnamese only. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
VnEconomy is not responsible for the translation.

Google translate