Vietnam crab exports creep up

Published on
August 26, 2015

Vietnam exported USD 60.7 million (EUR 52.9 million) worth of crab in the first seven months of this year, an increase of 6 percent year-on-year, according to figures published by the Vietnam Association of Seafood Exporters and Producers (VASEP).

The Southeast Asian country has so far this year exported crab to 34 different markets, six more than in the same period of 2014. Its top eight markets accounted for 96 percent of the total.

With 47 percent of the total export value, the United States held on to its position as Vietnam’s No. 1 crab market. Vietnam’s crab exporters earned USD 30 million (EUR 26.1 million) from this trade in the January through July period, an increase of 1.7 percent year-on-year.

With imports valued at USD 10.7 million (EUR 9.3 million) in the same period, up 28.7 percent, Japan is Vietnam’s second most valuable crab market. There was, however, a decline of 12 percent year-on-year in Vietnam’s exports to its third biggest market, the EU, which imported USD 10.5 million (EUR 9.1 million) worth of crab products.

Last year, Vietnam’s exports of crab and other crustaceans achieved a total export value of USD 131.2 million (EUR 114.3 million).

Contributing Editor reporting from London, UK

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