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Sep 15, 2014 / 16:52

Vietnamese shrimp exports soar in RoK

Vietnamese shrimp exports to the Republic of Korea (RoK) increased 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, up 7.7% compared to the same period last year.
 
 
In the six month period, exports of white-leg shrimp rose 17% while prawn exports decreased 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.
Vietnamese shrimp imports were 3.6 fold higher than neighbouring China, the second largest supplier.
Vietnam remained the top supplier of shrimp for the RoK, accounting for 44.54% of the country’s imports, according to the latest data from Korean Customs.