According to statistics from VASPE, Vietnam’s seafood exports to China have continued to decline in the past two months. As a result, seafood exports to China fell by 6% in the first five months of 2021.
Beginning in April 2021, Vietnam’s seafood exports to China fell by 11%, and continued to decline further in May, down 22%. Among them, exports of all major product categories have fallen sharply: shrimp fell by 35%, other marine fish (except tuna) fell by 23%, and catfish fell by 5%.
The impact of COVID and China’s quarantine measures have led to two obvious trends in Vietnam’s seafood exports to China: the export of fresh/frozen products has dropped sharply, while the export of dried and processed products has increased.
Fresh/live/frozen black tiger shrimp exports fell by 25% in May and 26% in the first five months of this year, while processed black tiger prawns increased by 278% to US$1.4 million.
In the first five months of this year, Vietnam’s exports of frozen vannamei shrimp to China increased by 2% to US$67 million, while exports of processed vannamei shrimp increased by 173% to more than US$6 million. Vannamei shrimp accounted for 54% of total shrimp exports.