Shrimp exports to UK turn up

(VOV) - While shrimp exports to most markets saw a decline, exports to the UK have increased significantly in recent months.

The Vietnam Association of Seafood Exporters and Producers (VASEP) said the UK is considered the most potential market for Vietnamese shrimp in the EU.

Since May, the UK has surpassed Germany to become the largest importer of Vietnamese shrimp in the EU.

Regarding shrimp import revenue, the UK was the sole market in the EU recording a positive growth (24.4%) in eight months while Germany and the Netherlands spiralled downwards 20.7% and 29.7%, respectively. 

In August, shrimp exports to the UK accounted for 4.7% of Vietnam’s total shrimp export revenue while those to Germany made up 3.1%.

According to statistics released by the Vietnam Customs, shrimp exports to the UK rose by 7% to US$12.7 million in August, bringing the total export value in eight months to US$72.4 million, up 24.4% against the same period last year.

India, Thailand and Indonesia are Vietnam’s major rivals in the UK market. However, in the first 7 months, shrimp imports from these countries to the market dipped 20%, 38% and 7%, respectively.

VASEP forecast that in the remaining months of this year, Vietnam’s shrimp exports to the EU, particularly the UK will continue to turn up, however, the growth won’t so high due to impact of the economic downturn in Europe.

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