Vietnam

Vietnamese shrimp exports to the US decreased by 7.5% in the first half of 2017

Fish & Seafood

Vietnam reported a decrease in shrimp exports to the US by 7.5% in the first two quarters of 2017, reaching 276.4 million dollars, continuing the downward trend in the fourth quarter of 2016, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Posted on Nov 20 ,12:31

Vietnamese shrimp exports to the US decreased by 7.5% in the first half of 2017

 

By the 15th of July 2017, the value of the shipments of shrimp exported to the United States was 306.5 million dollars, a decrease of 5.3% compared to the similar period from 2016.

VASEP explains this decrease on the account of a reduction in the US imports, which made the American market slip to the 4th rank and Japan replaced to rank the 1st in top Vietnam shrimp importers.

"Vietnam’s shrimp shipments to the U.S in the first half of this year tended to go down due to an increase in anti-dumping duties in the preliminary decision of DOC’s 11th administrative review (POR11)," according to VASEP.

Last year, the US imported 605,711 metric tons of shrimp, worth by 5.7 billion dollars, with an increase of 3% in volume and of 4% in value compared to the previous year, the data from the US Department of Agriculture (USDA) shows.

The US continued to increase its imports of shrimps in the first semester of this year, reaching in volume 287,255 metric tons worth 2.8 billion dollars, up 9% in volume and 15% in value year-over-year.

Vietnam ranked third referring to the US imports of frozen raw shrimp meat, being outpaced by India and Indonesia.

When referring to the US imports of processed frozen shrimp meat, Thailand ranked first, followed by Vietnam and Indonesia, according to the USDA data.

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