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Shrimp exports may reach over US$2.4 billion in 2013Vietnam earned US$291 million from shrimp exports in July, up 21.7% over the previous month and 45.3% year on year.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), export revenue from this product hit nearly US$1.4 billion in the past seven months, rising by 14.7% compared to the same period last year. The figure is expected to surpass US$ 2.4 billion by the end of 2013.

In July, shrimp and crab saw remarkable export growth, while the export of Tra (Pangasius), tuna and octopus continued to experience a decline.

VASEP said 7-month shrimp exports made up almost 40% of total seafood export turnover, or a year-on-year increase of 5%.

The export price of shrimp rose in some key markets, notably up 17.2% in the US 16.7% in Japan, 8.7% in the European Union, and 36.7% in China and Hong Kong .

Tra fish exports reaped US$985 million, 0.6% lower than the same period last year due to capital shortages and reductions in global consumption.

The local seafood sector recorded a total export turnover of about US$3.5 billion in the past seven months, up 2.2% year on year.


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