Industry news

Vietnam's shrimp exports to China exceeded US$157 million in the first half of the year!

Datetime：2020-08-13

In the first half of 2020, Vietnam’s shrimp exports to China reached US$226.7 million, a decrease of 2.9%. In the first quarter of 2020, China is the country most affected by Covid-19 in the world. In the second quarter of 2020, the epidemic has been better controlled, supply chain disruption has been overcome, and demand for seafood including shrimp has also improved.

 

China is Vietnam's largest black tiger shrimp import market. In the first six months of this year, tiger shrimp accounted for 32.7% of the shrimp products exported to China, white shrimp accounted for 39.1%, and the rest were sea shrimp. In the first half of this year, exports of white shrimp and black tiger shrimp to China decreased, while sea shrimp increased by 137%.

 

According to data from China Customs, in the first half of 2020, China imported 339,000 tons of frozen warm water shrimp, valued at 1.98 billion US dollars. In June 2020, China’s imports of frozen warm water shrimp increased by 36% compared to May 2020, reaching 75,000 tons. The total value of frozen warm water shrimp imports reached 420 million US dollars, an increase of 34% from the previous month.

 

Ecuador is China's largest shrimp supplier (accounting for 2/3 of China's shrimp imports in June) and exported 50,000 tons of shrimp to China, an increase of 72% from May. However, since July 2020, Ecuador has encountered many difficulties in exporting shrimp to China. The country’s three major shrimp export companies have been banned from exporting to China due to the detection of the new crown virus on product packaging, prompting Ecuador to export to China in July. Exports have declined.

 

Recently, Santa, one of the manufacturers that was banned from exporting white shrimp to China some time ago, has been unblocked, and the market is excited by the news.

 

At the same time, in early July, some shrimps exported from India to China were delayed in customs clearance, and the border between India and China was tense. It is expected that shrimp exports from Ecuador and India, the two largest shrimp suppliers in China, will decrease in the third quarter of this year.

 

It is predicted that Vietnam’s shrimp exports to China will continue to increase in the third quarter of this year to offset the reduction in supplies from Ecuador and India.

 

Due to the outbreak of shrimp disease in my country this year, shrimp production has declined, and cold-water shrimp imports have also tended to decline. China's shrimp import demand will not decrease. It is estimated that Vietnam's shrimp exports to China will increase by about 7% in 2020.

New source: Foodpath