Vietnam's crab exports up 62% year-on-year in the first quarter of this year

Vietnam's crab exports up 62% year-on-year in the first quarter of this year! For more information on export to China, please call SINOLOBEN, service Email: sinoloben@sloben.coms

From SeafoodMedia, May 18 - Vietnam's crab exports continued to grow well in the first quarter of 2022 after increasing in the fourth quarter of 2021, the Vietnam Association of Aquatic Product Exporters and Producers (VASEP) said.

Vietnam's crab exports in the first quarter of this year were nearly $52 million, up 62 percent year-on-year, which is the highest level in nearly five years and double the same period in 2019 before the outbreak.
 
Vietnamese crabs are mainly exported to China, the United States, Japan and France, with exports to the above regions accounting for more than 91% of total exports.
 
Vietnamese crab exports to Japan also saw an increase in the first quarter, with exports reaching $19 million, up 18 percent year-on-year. Among the CPTPP countries, Japan is currently the largest importer of Vietnamese crab, but exports to Australia and Singapore continued to decline during the quarter.
 
Vietnamese crab exports to the EU market recovered after last year's decline, but were not stable, with France being the largest export market in Europe with exports approaching $1.7 million, up 38%.
 
Exports of Vietnamese crab to the United States in the first quarter were $19 million, up 78 percent year-on-year.
 
Today Vietnamese crab exporters have to compete with crab products from the UK, Norway, Madagascar, China and Indonesia, with lobster and surimi being the main competitive products in addition to crab.

Consulting service for China's imports & exports, please contact us.

Ms. Linda Li
0086（0）21 3538 3306
sinoloben@thecustoms.com.cn