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Vietnam is RoK top shrimp supplier

(VOV) – Vietnamese shrimp exports to the Republic of Korea (RoK) skyrocketed 92.2% since the start of the year, according to the Vietnam Association of Seafood Exporters and Processors (VASEP).

As of the end of June, the RoK was the fourth largest export market for Vietnamese shrimp, accounting for 7.7% of the sector’s total export value.

In the six month period, exports of white-leg shrimp rose 17% while prawn exports declined by 17.9% and other shrimp products saw a modest rise of 1.2%.

The average price of Vietnamese shrimp hovered around US$11 per kilo.

According to the latest data from Korean Customs, Vietnam remained the top supplier of shrimp for the RoK, comprising 44.54% of the country’s imports.

Vietnamese shrimp imports were 3.6 fold higher than neighbouring China, the second largest supplier.