Vietnamese shrimps penetrate Korean market
Vietnamese shrimp exports to the Republic of Korea (RoK) have increased substantially in the third quarter of the year, up 77 percent on last year’s same period.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), September’s shrimp exports to the RoK experienced a rise of 86.2% compared to the same period in 2012, bringing the total market value of shrimp exports to over US$125 million in the first nine months, up 7.2%.
The RoK imported 77% of Vietnam’s total shrimp exports. The International Trade Centre said that Vietnam has now surpassed China to take the lead in exporting shrimps to the Korea market in the first eight months of the year.
Vietnam exported around 6,700 tonnes of shrimps to the RoK, 6,200 tonnes to China and 2,800 tonnes to Thailand.
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