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    Home > Food News > Food Articles > Vietnam's shrimp exports to the CPTPP market recovered well at the end of the year

    Vietnam's shrimp exports to the CPTPP market recovered well at the end of the year

    • Last Update: 2021-12-24
    • Source: Internet
    • Author: User
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    Vietnam’s " Customs Online" reported on December 13 that, according to the Vietnam Aquatic Products Processing and Export Association, CPTPP is the second largest market for Vietnam’s shrimp exports , second only to the United States , and accounts for 25% of Vietnam’s total shrimp exports
    .
     
    In the first 11 months of this year, Vietnam’s shrimp exports to the CPTPP market amounted to US$905.
    2 million, a year-on-year decrease of 0.
    2%
    .
    Vietnam’s shrimp exports to CPTPP’s main markets recovered at the end of the year
    .

     
    After the CPTPP agreement comes into effect, CPTPP is an important export market for Vietnamese shrimp companies and has many advantages
    .
    This year, among the four major single import markets of CPTPP, shrimp exports to Japan have recovered slowly, while shrimp exports to Canada, Australia and Singapore are trending well
    .
    Canada, Australia, and Singapore are areas where the epidemic is well controlled, so there is little impact on the demand for imported goods
    .
     
    Japan is the largest exporter of Vietnamese shrimp in CPTPP
    .
    In the first 11 months of this year, Vietnam’s shrimp exports to Japan amounted to US$534.
    5 million, a decrease of 4.
    2% year-on-year
    .
    Exports to Japan are not stable this year: they increased from March to July and decreased from August to November
    .
    Unstable economic growth in Japan has exacerbated the negative impact of the epidemic, restaurants have restricted their operations, and people's consumer demand has decreased
    .
     
      Canada is Vietnam's second largest shrimp export market in the CPTPP
    .
    In the first 11 months of this year, Vietnam’s shrimp exports to Canada were US$166.
    5 million, a year-on-year decrease of 3.
    6%
    .
    After Vietnam’s shrimp exports to Canada decreased in August and September this year, they rebounded again in October and November
    .
     
      In the first 11 months of this year, Vietnam’s shrimp exports to Australia exceeded US$164 million, a year-on-year increase of 23.
    4%
    .
    From the beginning of the year to July this year, shrimp exports to Australia have grown strongly
    .
    Since then, it has fallen back in August, September, and October, and rebounded again in November.
    Vietnam is currently the largest supplier of Australian shrimp
    .
    Australia is a potential market for Vietnamese shrimp
    .
     
      In the first three quarters of this year, Vietnam’s shrimp exports to Singapore were not stable, but there were signs of recovery in October and November
    .
    According to companies, due to the government's commitment to implementing free trade agreements, many shrimp products are exempted and reduced when they are exported to most major markets (including CPTPP), thereby enhancing their competitiveness
    .


    Customs aquatic product processing and export to the United States
     
      In the first 11 months of this year, Vietnam’s shrimp exports to the CPTPP market amounted to US$905.
    2 million, a year-on-year decrease of 0.
    2%
    .
    Vietnam’s shrimp exports to CPTPP’s main markets recovered at the end of the year
    .

     
      After the CPTPP agreement comes into effect, CPTPP is an important export market for Vietnamese shrimp companies and has many advantages
    .
    This year, among the four major single import markets of CPTPP, shrimp exports to Japan have recovered slowly, while shrimp exports to Canada, Australia and Singapore are trending well
    .
    Canada, Australia, and Singapore are areas where the epidemic is well controlled, so there is little impact on the demand for imported goods
    .
     
      Japan is the largest exporter of Vietnamese shrimp in CPTPP
    .
    In the first 11 months of this year, Vietnam’s shrimp exports to Japan amounted to US$534.
    5 million, a decrease of 4.
    2% year-on-year
    .
    Exports to Japan are not stable this year: they increased from March to July and decreased from August to November
    .
    Unstable economic growth in Japan has exacerbated the negative impact of the epidemic, restaurants have restricted their operations, and people's consumer demand has decreased
    .
     
      Canada is Vietnam's second largest shrimp export market in the CPTPP
    .
    In the first 11 months of this year, Vietnam’s shrimp exports to Canada were US$166.
    5 million, a year-on-year decrease of 3.
    6%
    .
    After Vietnam’s shrimp exports to Canada decreased in August and September this year, they rebounded again in October and November
    .
     
      In the first 11 months of this year, Vietnam’s shrimp exports to Australia exceeded US$164 million, a year-on-year increase of 23.
    4%
    .
    From the beginning of the year to July this year, shrimp exports to Australia have grown strongly
    .
    Since then, it has fallen back in August, September, and October, and rebounded again in November.
    Vietnam is currently the largest supplier of Australian shrimp
    .
    Australia is a potential market for Vietnamese shrimp
    .
     
      In the first three quarters of this year, Vietnam’s shrimp exports to Singapore were not stable, but there were signs of recovery in October and November
    .
    According to companies, due to the government's commitment to implementing free trade agreements, many shrimp products are exempted and reduced when they are exported to most major markets (including CPTPP), thereby enhancing their competitiveness
    .

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