Business

Vietnam earns 1.1 billion USD from shrimp exports to China

The total shrimp export value reached 3.9 billion USD for the first 10 months, a 22% growth compared to the same period last year.

Shrimp exports reached 498 million USD in October, up 26% compared to the same period last year. (Photo: VNA)
Shrimp exports reached 498 million USD in October, up 26% compared to the same period last year. (Photo: VNA)

Hanoi (VNS/VNA) – Shrimp exports to China and Hong Kong reached 1.1 billion USD in the first 10 months of this year, marking a significant rise of 64%, the highest growth among all markets.

The market recorded an export value of 140 million USD in October alone, the highest ever recorded, according to the latest report by the Vietnam Association of Seafood Exporters and Producers (VASEP).

In total, shrimp exports reached 498 million USD last month, up 26% compared to the same period last year.

This was one of the highest monthly export figures so far this year, reflecting strong demand from major markets and efforts by businesses to boost deliveries toward the end of the year.

The total export value reached 3.9 billion USD for the first 10 months, a 22% growth compared to the same period last year.

The growth momentum in October was largely driven by white-leg shrimp, along with a significant surge in exports to China, where demand for live, fresh, and frozen shrimp remained high.

The market under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) achieved over 1 billion USD, a 33% growth, with stable demand from Japan, Canada, and Australia.

The US market reached 702 million USD, a 9% increase, showing strong purchasing power despite fierce competition from Ecuador and India.

White-leg shrimp accounted for nearly 65% of total export value, hitting 2.5 billion USD. This category experienced the fastest growth, driven by competitive pricing and demand from various markets.

Black tiger shrimp exports reached 385 million USD, maintaining steady demand in traditional markets like Japan and for large-size black tiger shrimp segment in China. Meanwhile, exports of other frozen processed shrimp products totalled 991 million USD./.

VNA
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