In the first quarter of 2021, Vietnam shrimp exports reached US$661 million, an increase of over 5%
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Ocean freight is typically around 90% of global trade volume. But the COVID-19 pandemic has seriously affected the logistics industry. In the past, shipping costs from Vietnam to other countries have increased dramatically.
While other major shrimp exporters such as India, Ecuador, Indonesia, and Thailand
are heavily disrupted by the pandemic, Vietnam has a competitive advantage over rival suppliers thanks to the swift Covid-19 containment. Even though there were setbacks in the first few months of the outbreak, Vietnam shrimp companies have managed to stabilize its production and maintained competitive prices in response to the high demands from the US and EU market.
Vietnam has exported USD 349.9 million of shrimp in June 2020, an increase of 19.2% compared to June 2019. Annual export up to end June has reached USD 1.5 billion, up 5.7% compared with the first 6 months of 2019.
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