Print This Page

Vietnam

Shrimp Exports in the First Seven Months of 2017

 

While Vietnam’s exports of shrimp rose globally in the first seven months of 2017, it is not shipping as much shrimp to the USA as it did in 2016, primarily due to an increase in USA dumping duties on its shrimp.

 

The USA was the top export market for Vietnam’s shrimp in 2016, but it is now ranked fourth, behind Japan, the European Union and China, according to a new Vietnam Association of Seafood Exporters and Producers (VASEP) report.

 

VASEP said an increase in USA dumping duties on Vietnamese shrimp is to blame for the decline.  When comparing USA’s dumping tariffs to those of Vietnam, India and Thailand—Vietnam has the highest dumping duties, according to Truong Dinh Hoe, general secretary of VASEP.

 

Vietnam’s shrimp exports soared 18.5 percent to $1.9 billion in the first seven months of 2017.  Japan is now the top buyer of Vietnamese shrimp, purchasing $384 million worth so far this year, followed by the European Union ($381 million) and China ($348 million).

 

While USA shrimp imports of Vietnamese dropped 5.5 percent to $345 million, Hoe said he is not concerned because the difference in shrimp exports to the USA and Japan is not significant.

 

Source: SeafoodSource.com.  Executive Editor, Cliff White (cwhite@divcom.com).  Vietnam’s Shrimp Exports Are Growing, but Not to US.  Christine Blank (email editorsandwriters@gmail.com).  September 18, 2017.

 

Print This Page