Shrimp exports to China show drastic upturn after five years China has remained the main buyer of Vietnamese shrimp over the past 5 years, with an average annual growth of 16% and the figure rose to over 55% after a five-year period. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the five-year period (2015-2019) saw the shrimp industry yield positive results in production and exports, with shrimp farming areas expanding by an average of 1.4% per year, and annual shrimp output by 5.7% on average, mainly thanks to the improved white shrimp farming productivity. It is worth mentioning that white leg shrimp production surged by nearly 41% after 5 years, with an average increase of 9% per year while black tiger shrimp production enjoyed an average rise of 3.1% after the reviewed period. Also during this period, the main export markets of Vietnamese shrimp- the EU, the US, Japan, China, and the Republic of Korea (RoK) accounted for 81-85% of the country’s total export value. Meanwhile, exports to China enjoyed the highest growth of over 55% after the five-year period, followed by the EU and the RoK. Of the national total shrimp export volume, frozen shrimp products… Read full this story
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