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Shrimp exports to Australia rise strongly in 2019

Shrimp exports to Australia increased strongly in 2019, expanding at a two-digit growth rate, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Shrimp exports to Australia rise strongly in 2019 ảnh 1Shrimp exports to Australia totalled nearly 121 million USD as of December 15, 2019, representing a rise of 12.6 percent over the same period of 2018 (Photo: baodautu.vn)

Hanoi (VNA) – Shrimpexports to Australia increased strongly in 2019, expanding at a two-digitgrowth rate, according to the Vietnam Association of Seafood Exporters andProducers (VASEP).

Shrimp exports to Australiareached nearly 121 million USD by December 15, 2019, representing a rise of12.6 percent over the same period of 2018 – the highest rate among the top tenshrimp export markets of Vietnam.

Australia was the seventh largestshrimp export market of Vietnam, according for 3.8 percent of Vietnam’s totalshrimp export revenue.

Shrimp exports to Australia haveseen strong recovery since April 2019, after posting a decline in 2018.

Especially, July saw thehighest increase of 56 percent, with November at a rate of 45 percent.

For many years, Vietnam was thelargest shrimp exporter to Australia, accounting for 42 percent of Australia’sshrimp imports, followed by China with 23 percent and Thailand with 22 percent.

Both Australia and Vietnam aremembers of the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) which took effect from the beginning of 2019. Accordingly,shrimp exported to Australia would enjoy zero tariffs.

According to VASEP, Australiawas among countries with strict requirements on food hygiene and safety.

VASEP urged firms to establishproduction chains to increase shrimp quality with clear origin to expandexports to Australia.

Shrimp exports to Australia hit114.7 million USD in 2018, dropping by 4.4 percent against 2017.

Vietnam’s shrimp exports sawtotal revenue of 3.39 billion USD in 2019, a decrease of nearly 5 percent./.
VNA
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