Exports of shrimp and pangasius to the US increased in QII/2013

Exports of shrimp and pangasius to the US increased in QII/2013

Accounting 21% of total Vietnam seafood exports, the US continues to be the largest importer of Vietnam seafood with nearly US$ 500 million in first 5 months of 2013, up 7.5 percent over the same period of last year.
Update: (9/3/2013)

After dropping 6.3 percent in QI/2013 with US$237.868 millionof Vietnam seafood imports in QI/2013, exports to the US started uptrend in April and May, mostly due to increase in shrimp and pangasius exports. In April, shrimp exports was up 27.3%, pangasius up 31.3%; in May exports of shrimp up 58.2% and pangasius up 72%.

It was the largest buyer ofVietnamshrimp and tuna and the second largest buyer of pangasius. However, since the beginning of 2013,Vietnamexporters confronted with duty barriers imposed by theU.S.: Shrimp products are likely to be levied countervailing duty (CVD) by theU.S.In DOC’s determination in the 8th administrative review of the antidumping case on fish fillets, the duty levied was much higher than that of POR 7.

In QI/2013, theU.S.imported seafood from countries in the world with over 565 thousand MT, for a value of US$3.73 billion,down 1 percent in volume and 5 percent in value from those of QI/2012. TheU.S.market can still increase the importation of salmon and tuna because these items are still loved by local consumers; however, imports of main seafood products (shrimp, cephalopod, marine finfish and pangasius) into theU.S.slowed down.

Among 134 seafood suppliers for theU.S.,Vietnamranked fifth with the proportion of 5.7 percent. TheU.S.’s seafood imports from almost main suppliers slid noticeably while imports fromChileandIndiastill posed positive growth.

(from VASEP)