Good sign of shrimp exports

In 2010 the result of Vietnam’s shrimp export is fairly smooth unlike pangasius. The latest figure shows that from January to October 2010, Vietnam’s shrimp export value has reached over US$1.68 billion, nearly touching the level of US$1.69 billion in 2009. The country’s export is estimated at over US$2 billion in 2010.

The figure also revealed that shrimp export to most major markets increased, in which export to 3 key markets including Japan, the U.S. and EU grew strongly in both volume and value. From January to October 2010, Japan consumed 52,015 MT of shrimp, worth over US$477 million, up 10.8 percent in volume and 17.2 percent in value compared to the same period of 2009.

The U.S. ranked the second with 42,441 MT, valued at US$447.8 million, up 15.9 percent in volume and 34.6 percent in value. Export to EU, the third market of Vietnamese shrimp reached 37,090 MT, worth US$271 million, up 8.1 percent in volume and 16.8 percent in value. The total shrimp export volume reached more than 195,000 MT, in which frozen black tiger shrimp accounting for 94,443 MT (US$958 million).

Vietnamese shrimp export remained the positive growth even in the light of global economic recession in 2009. Therefore, Vietnamese shrimp’s position is gradually improved and is on high as the demand rises in major markets.