Thai shrimp exports fall due to debt crisis

By

SeafoodSource staff

Published on
July 8, 2012

Thai frozen shrimp exports in the first five months shrank 2.23 percent year-on-year, affected by the Eurozone debt crisis, according to the Commerce Ministry.

Deputy Commerce Minister Poom Sarapol said that in the first five months of this year, Thai frozen shrimp exports were valued at USD 552 million, a 2.23 percent drop year-on-year.

Exports to the European Union countries alone, worth USD 79 million, shrank 16 percent. The EU market is Thailand’s third biggest market after the U.S. and Japan.

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