Shrimp exports earn $1.3 bln in 5M

Vietnam’s shrimp exports earned $1.3 billion in the first five months of 2024, a year-on-year rise of 7%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Of which, the export of lobsters made a breakthrough increase of nearly 70 times year-on-year to reach over $106 million.

Vietnamese shrimps were shipped to 103 countries and territories in the world.

China exceeded the US to become the biggest shrimp importer of Vietnam in the five-month period, with a total value of $260 million, up 21% year-on-year. Meanwhile, shrimp export revenue to the US reached $229 million, up 1% compared to the same period last year.

Japan ranked the third with $183 million, down 4% year-on-year.

The EU was the fourth, with a total turnover of $165 million, surging 8% year-on-year.