Vietnamese shrimp exports to the EU totaled $648 million
VASEP says the EU is the largest export market of Vietnamese shrimp, accounting for 24.7 percent of Vietnam’s total shrimp exports.
Vietnam's largest importer of shrimp from the EU is the UK, which accounts for 27 percent of Vietnam’s shrimp exports to the bloc. In the first nine months of this year, shrimp exports to the UK reached nearly $176 million, up 27.6% year on year.
The Netherlands is the second largest export market of Vietnamese shrimp in the EU, after the UK. In the first nine months of this year, shrimp exports to the Netherlands reached $158.6 million, up 11.6% year on year. Vietnam was the largest supplier of shrimp to the Netherlands, accounting for 37.6% of the total import value to this market in 2017.
Vietnamese shrimp has a competitive advantage over other major competitors in the EU market such as India and Thailand. These countries have seen a reduction in their exports to the EU due to problems relating to quality standards.
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