Shrimp exports bring home nearly 2.8 billion USD in nine months

Vietnam's shrimp export turnover is estimated at nearly 2.8 billion USD in the first nine months of this year – the highest among aquatic products, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The figure represented a surge of 10.5% compared to that of the same period last year, the association reported.

While frozen shrimp exports faced competition from Ecuador and India, processed shrimp maintained a strong market position. Overseas shipments of processed white-leg shrimp grew by nearly 10%, while frozen white-leg shrimp rose 4.5%.

Shipments to several major markets posted positive results. As of September 15, shrimp exports to the US reached 516 million USD, to the EU 337 million USD, to China and Hong Kong (China) 529 million USD, up 8%, 15% and 26% year-on-year, respectively.

VASEP forecast Vietnam is likely to rake in nearly 4 billion USD from shrimp exports this year.