Growth is eight times higher than that of total shrimp exports, which rose 2.6 percent to $2.76 billion.
The Vietnam Association of Seafood Exporters and Producers (VASEP) said in a recent note U.S. demand remains high, especially as the economy resumes after Covid-19 outbreaks and as the end-of-year shopping season approaches.
September was the 10th month in a row the U.S. saw shrimp imports rise. On average, it has imported over $800 million each month in the past 10 months.
The U.S. has been hiking up shrimp imports from Ecuador since the beginning of the year, but as the latter faces a supply shortage, Vietnam has an opportunity to boost exports there, VASEP said.
Vietnamese exporters will also likely benefit from the Christmas shopping season in Europe where demand is set to rise, it added.
Shrimp exports to the EU in the first nine months rose 10 percent year-on-year to nearly $408 million.
The U.S. was Vietnam's biggest shrimp export market in the first nine months, accounting for 28 percent of the total, followed by the EU, 15 percent, and China, 11 percent.
- India rice prices rebound, Vietnam sees uptick in demand
- Make friends, not enemies: Vietnam military strategy of non-alignment
- Vietnam Airlines offers discounted tickets for Lunar New Year Holiday
- Birdies on a plane: Vietnam's Bamboo Airways banks on golf resorts for success
- Thailand expects 20-pct growth in shrimp exports for 2020
- Thailand expects 20 percent growth in shrimp exports for 2020
- Young South Koreans make a beeline for Vietnam as jobs dry up at home
- Vietnamese dairy industry to gain annual growth rate of 10 per cent
- VN-Index posts gains in cautious session
- Tackling Vietnam’s air pollution
- M&A in Vietnam’s retail industry on the rise in 2019
- Vietnam Airlines offers 70,000 low-cost tickets for Tet
Vietnam gains from rising US shrimp demand have 283 words, post on e.vnexpress.net at October 27, 2021. This is cached page on VietNam Breaking News. If you want remove this page, please contact us.