Vietnamese aquatic products processing and export association (VASEP) said South Korea is Vietnam's shrimp fifth largest import market, accounting for 10.7% of Vietnam's total shrimp exports.

In the first half of 2020, Vietnam's shrimp exports to South Korea achieved positive growth. In the second quarter of this year, Vietnam’s shrimp exports to South Korea reached US$91.2 million, a year-on-year increase of 4.9%.

According to the Vietnam Fisheries Processing and Export Association, the cumulative export value of shrimp in the first half of this year reached 162.7 million US dollars, a year-on-year increase of 4.9%. In the first half of July 2020, Vietnam’s shrimp exports to South Korea increased by 15% compared to the same period in 2019. From the beginning of this year to July 15, Vietnam’s shrimp exports to South Korea totaled US$179 million, a year-on-year increase of 5.8%.

It is learned that Vietnam’s grass shrimp exports to the Korean market accounted for only 4.9% of Vietnam’s total shrimp exports to South Korea. Penaeus monodon shrimp accounted for 85% and sea shrimp accounted for 12.1%.

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