April 16, 2025 | 00:56 GMT +7

  • Click to copy
Wednesday- 11:59, 18/05/2022

Vietnamese shrimp accounts for over half of Korea’s market share

(VAN) Vietnamese shrimp imports into Korea increased sharply in March and the first three months of the year, accounting for more than 50% of Korea's shrimp imports.
Vietnamese shrimp accounts for over half of shrimp imported into Korea. Photo: TL.

Vietnamese shrimp accounts for over half of shrimp imported into Korea. Photo: TL.

According to Korean Customs, in March 2022, Vietnam is the largest shrimp supplier to Korea, accounting for 52.9% in quantity, reaching 4.8 thousand tons, worth $37.6 million, up 5.3% in quantity and 7.3% in value over the same period in 2021.

Generally, over the first 3 months of 2022, Vietnam's shrimp import into Korea reached 12 thousand tons, worth $95.5 million, up 18.6% in quantity and 28.5% in value over the same period last in 2021.

Vietnam's shrimp market share in Korea's total imports increased from 49.1% over the first three months of 2021, to 51.04% over the first three months of 2022.

Over the first 3 months of 2022, Korea's shrimp imports reached 23.5 thousand tons, worth $190.04 million, up 14.2% in quantity and 24.1% in value over the same period in 2021.

Notably, Korea's shrimp imports from Peru in April and the first four months of 2022 increased sharply compared to the same period in 2021, making this country the second largest shrimp supplier to Korea. While Korea's shrimp imports from Thailand, Ecuador and India decreased compared to the same period in 2021.

Author: Son Trang

Translated by Hoang Duy

Three key advantages keeping Vietnamese rice strong in the Philippine market

Three key advantages keeping Vietnamese rice strong in the Philippine market

(VAN) The Philippines is making efforts to diversify its rice import sources in order to reduce its dependence on Vietnamese rice. However, Vietnamese rice has managed to maintain its strong position in this market.

Expanding cocoa cultivation area to meet export standards

Expanding cocoa cultivation area to meet export standards

(VAN) In the Mekong Delta, cocoa has provided stable economic returns for many years. Recently, a surge in cocoa prices has created a strong incentive for farmers to expand their cultivation areas.

Branding Vietnamese bird’s nest: Taking off by three key factors

Branding Vietnamese bird’s nest: Taking off by three key factors

(VAN) Product quality, branding strategy, and technology innovation are key factors for Vietnamese bird’s nest to establish its foothold on the global map.

Branding Vietnamese bird’s nest: Reaching the world

Branding Vietnamese bird’s nest: Reaching the world

(VAN) KOCHAM Deputy President expects that Vietnam would accelerate innovation and development of bird’s nest-based products as a representation of Vietnamese culture.

Australian dairy farmers struggle to compete with imported cheese

Australian dairy farmers struggle to compete with imported cheese

(VAN) Imported dairy products are weakening the local industry, according to dairy farmers and processors.

Vietnamese pomelos officially available in RoK's Lotte Mart

Vietnamese pomelos officially available in RoK's Lotte Mart

(VAN) April 10 marked a significant milestone for Vietnam's agricultural exports as Vietnamese pomelos officially became available at the Lotte Mart supermarket chain in South Korea.

Vietnam carbon market leveraging national low emission development

Vietnam carbon market leveraging national low emission development

(VAN) Vietnam is focusing on developing the legal framework and technical infrastructure for the carbon market, with committed support from global financial institutions.

Read more