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EU remains the largest buyer of Vietnamese shrimp

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By Milthon Lujan

Vietnam.- The European Union (EU) was the largest market of Vietnamese shrimp in the first two months of 2019.

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During January-February, export value of Vietnamese shrimp fell year-on-year by 15.2 percent to 373.6 million USD. Accounting for 20.5 percent of total export turnover, the EU secured its position as biggest buyer of Vietnamese shrimp. Within the EU, the UK, the Netherlands and Germany were the top buyers.

White-leg shrimp continued to occupy a key position in this market, making up 82 percent of total shrimp shipments.

VASEP eyes more than 4 billion USD in shrimp exports this year thanks to free trade agreements. It said the shrimp sector would make a breakthrough in exporting to 28 EU countries – enjoying low import tariffs once the EU-Vietnam Free Trade Agreement takes effect – for an estimated export value of 1 billion USD.

Source: VASEP

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