VN’s shrimp export reaches $2.25 billion in 2012

Vietnam expects to earn $2.25 billion from shrimp export in 2012, down 6.3 per cent from 2011, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

In the first 11 months of 2012, Vietnam ’s shrimp export totalled $2.06 billion, a year-on-year decrease of 4.7 percent.


Half of the top 10 import markets reported strong decreases, including the US (down 15.6 per cent), EU (25 per cent), Canada (14 per cent), ASE AN (22 percent) and Switzerland (11 per cent).

VASEP blamed the dropping export value on unstable shrimp supply due to diseases and increases of 15-25 percent in input costs.

In the first five months of this year, shrimp export to Japan grew strongly. However, when Japan began examining all shrimp from Vietnam , exports fell by 1.5 to 17 per cent.

Shrimp export to the EU was affected by the economic downturn, while sale to the US market suffered from high supply and poor consumption. Exports to the US is unlikely to increase in the near future as reserves remain high.

Source VIR/VNA