16:09 | 06/11/2015 Trade
Vietnam is the top shrimp supplier for Germany, accounting for 18.4% of Germany’s total shrimp import revenue, according to the International Trade Centre (ITC).
The Vietnam Association of Seafood Exporters and Producers (VASEP) reported that Vietnam shrimp exports to Germany hit US$84.4 million in the first nine months of this year, down 16.5% against the corresponding period last year. Of the figure, white-leg shrimp made up 73.5% while prawn held 19.9%.
Among shrimp exports to Germany, white-leg shrimp always accounted for a large proportion, for example 35.7% of total export value in 2011, 46.6% in 2012, 53.4% in 2013 and 58% in 2014.
According to VASEP, Germany remained the biggest importer of Vietnamese shrimps among EU countries from 2011 to 2014.
In the first half of this year, Germany’s total shrimp imports dipped 18.2% to US$252.8 million. However, Vietnam’s shrimp exports to the market still rose by 12.5%.
VASEP has predicted that German shrimp consumption is stable this year. After the recovery of German economy, its demand for seafood, including shrimp, will increase./.