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US - EU PREFER TUNA, BREADED SHRIMP FROM VIETNAM

Facing the complicated situation of the Covid-19 epidemic in the world, the demand for canned and processed seafood products in the US and EU markets continues to increase.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), after a long period of continuous decline in imports, Vietnam's tuna exports to the EU increased by nearly 65 percent in July 2020.

This growth has helped increase the proportion of the EU market in Vietnam's total tuna exports in the first 7 months of 2020 to more than 20%.

Notably, Vietnam's tuna exports to the three main EU markets, Germany, Italy, and the Netherlands, saw high three-digit growth in July, 119%, 200%, and 210%.

According to some businesses, the epidemic COVID-19 is reducing the supply of tuna from countries such as Ecuador, the US, and Italy ... thus creating opportunities for Vietnam to boost exports to these markets.

According to VASEP, due to the complicated situation of the Covid - 19 epidemic in Vietnam and other countries, the market will not be stable, especially ASEAN or Japan ... Expected to export fish products. Preserved tuna such as canned, canned tuna ... will continue to increase.

Shrimp is also a popular commodity in Vietnam during the epidemic season when consumption in many markets, especially the US, increases strongly. In July 2020, Vietnam's shrimp exports reached nearly 389 million USD, up 16% over the same period in 2019. In the first 7 months of this year, shrimp exports reached 1.9 billion USD, up 8% over the same period. last year.

Demand for importing Vietnamese shrimp from major markets has not declined. The Vietnamese government's disease control is assessed to be more effective than in other countries, while many competitors are still struggling against the epidemic. Therefore, customers of these countries turn to import shrimp from Vietnam.

The largest shrimp export market of Vietnam in the US and China, which still grew in July. Notably, Vietnam's shrimp exports to South Korea, the UK, Canada, and Australia all grew double digits in the past month.

VASEP said that during the epidemic, processed shrimp products exported more than fresh, raw, and frozen products. The US is the leading market for importing Vietnamese shrimp, accounting for nearly 23%. In the first seven months of this year, shrimp exports to this market reached more than the US $435 million, up nearly 33% over the same period last year.

Source: plo.vn