October 27, 2020 04:38 | About us
Language: Tiếng Việt | ພາ​ສາ​ລາວ | ខ្មែរ | русский | 中文

Vietnam surpasses Thailand to become the largest shrimp supplier to Canada

08:13 | 02/10/2020

Vietnam's shrimp exports to Canada in eight months increased by nearly 27% over the same period last year, while Thailand’s to Canada has increasingly decreased.

vietnamese shrimp exports to eu expected surge in remaining months of 2020 thanks evfta Vietnamese shrimp exports to EU expected to surge in remaining months of 2020 thanks to EVFTA
evfta first batch of shrimp from vietnam on its way to eu EVFTA: First batch of shrimp from Vietnam on its way to EU
korea raises the import of vietnams shrimps Korea raises the import of Vietnam's shrimps
vietnam surpasses thailand to become the largest shrimp supplier to canada
Vietnam surpasses Thailand to become the largest shrimp supplier to Canada Illustrative photo: Bao Dau Tu

According to the International Trade Center (ITC), Canada ranked 13th in terms of shrimp imports in the world, accounting for about 2% of the total value of global shrimp imports. Notably. Vietnam is the largest shrimp supplier to this country, occupying for 34% of its total value of shrimp imports, VNExpress reported.

Since 2014, Vietnam has taken the lead in supplying shrimp to Canada. India ranks second, accounting for 28%. It is followed by China, Thailand, and Indonesia with 13%, 7%, and 4% respectively.

Vietnam and India have replaced the leading position of Thailand in exporting shrimp to Canada. Previously, in 2013, Thailand held the second place.

The frozen and processed shrimp are the two most imported products in Canada. After the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes into effect, Vietnamese shrimp has had more competitive advantages than Thailand’s and India’s.

Vietnam is among the countries that Canada eyes to diversify the market. Canada affords to purchase high-value products and is also an important bridge for Vietnamese businesses to expand their markets to US countries.

The recent survey showed that shrimp accounts for 50% of the total of seafood products imported into Canada and the demand for shrimp has surged especially in the context of the COVID-19 pandemic.

Canada is currently the 7th largest shrimp importer of Vietnam, accounting for 4.8% of Vietnam’s total shrimp export value.

vietnamese shrimp export to the us up 29 in h1

Vietnamese shrimp export to the US up 29% in H1

According to statistics, Vietnam exported US$323.3 million worth of shrimp to the US in the first half of this year, up 29% year-on-year.

vietnams shrimp exports in the first six months up 57

Vietnam's shrimp exports in the first six months up 5.7%

According to the Vietnam Association of Seafood Exporters and Producers, in the first half of 2020, shrimp exports were up 5.7 per cent, reaching US$1.5 billion despite ...

vietnams shrimp exports increased 57 in the first half of 2020

Vietnam's shrimp exports increased 5.7% in the first half of 2020

Vietnam's shrimp exports to the US and China have gradually increased during the first half of the year despite the negative impacts of the coronavirus ...

Malie Nguyen