Business

Shrimp exports to Canada rise steadily

Shrimp exports to Canada as of mid-May had reached 54.7 million USD, a 32 percent rise year-on-year, following steady increases since 2016, aside from a slight dip last year, according to the Vietnam Association of Seafood Exporters and Producers.
Shrimp exports to Canada rise steadily ảnh 1Processing shrimp for exports (Photo: VNA)

Hanoi (VNA) - Shrimp exports to Canada as of mid-May had reached 54.7 millionUSD, a 32 percent rise year-on-year, following steady increases since2016, aside from a slight dip last year, according to the Vietnam Associationof Seafood Exporters and Producers.

Canada has been buying a large number of warm-water shrimp from SoutheastAsian countries, as supply of coldwater shrimp has been falling. Purchasesof processed shrimp products are also rising among Canadianconsumers, especially for white-leg shrimp.

Vietnam is Canada's second largest shrimp supplier, and its prices are amongthe highest of all shrimp suppliers to Canada.

Canada is the sixth largest buyer of Vietnamese shrimp, accounting for 5.7per cent of Vietnam’s shrimp exports.

According to the association, Canada is diversifying its markets andlowering its dependency on the US. Vietnam is among the countries with whichCanadian businesses would like to do business./.
VNA
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