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    Home > Food News > Food Articles > Vietnam's shrimp exports to South Korea are expected to increase in 2021

    Vietnam's shrimp exports to South Korea are expected to increase in 2021

    • Last Update: 2021-12-02
    • Source: Internet
    • Author: User
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    (De Volkskrant) South Korea is Vietnam's shrimp fifth largest export market, accounting for 9.
    5% of Vietnam's total shrimp exports
    .
     
    According to the Vietnam Fisheries Processing and Export Association, from March to June 2021, Vietnam’s shrimp exports to South Korea have shown a positive growth
    .
    As companies reduced their production scale due to the fight against the new crown pneumonia epidemic, shrimp exports to South Korea showed a downward trend from July to August
    .
    However, shrimp exports to South Korea rebounded in September, increasing by 3.
    6% to US$30.
    8 million
    .
    Especially in the first half of October this year, shrimp exports to South Korea increased by 26% year-on-year
    .
     
    So, as of the first half of October 2021, Vietnam’s shrimp exports to South Korea totaled US$278 million, an increase of 0.
    9% over the same period in 2020
    .
     
    The Vietnam Fisheries Processing and Export Association believes that the rebound in shrimp exports to South Korea is also one of the plans for exporters to use the advantages of closer distance and lower freight rates than Europe and the United States to promote exports to Asia
    .
    (over)

    Shrimp exports
     
    According to the Vietnam Fisheries Processing and Export Association, from March to June 2021, Vietnam’s shrimp exports to South Korea have shown a positive growth
    .
    As companies reduced their production scale due to the fight against the new crown pneumonia epidemic, shrimp exports to South Korea showed a downward trend from July to August
    .
    However, shrimp exports to South Korea rebounded in September, increasing by 3.
    6% to US$30.
    8 million
    .
    Especially in the first half of October this year, shrimp exports to South Korea increased by 26% year-on-year
    .
     
    So, as of the first half of October 2021, Vietnam’s shrimp exports to South Korea totaled US$278 million, an increase of 0.
    9% over the same period in 2020
    .
     
    The Vietnam Fisheries Processing and Export Association believes that the rebound in shrimp exports to South Korea is also one of the plans for exporters to use the advantages of closer distance and lower freight rates than Europe and the United States to promote exports to Asia
    .
    (over)
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