
Trade wars boost Vietnam's share of US shrimp market
Competitors are struggling with several trade barriers.
Vietnamese exports of vannamei to the United States began to recover in the third quarter of last year, as their competitors were weakend by taxes and trade wars, according to figures from the Vietnam Association of Seafood Exporters and Producers (VASEP).
While shrimp exports had fallen in 2017, an antidumping tax on countries such as Thailand, along with the US-China trade war in 2018 helped put Vietnam back in the running.
Total exports of shrimp to the US reached nearly 492,000 metric tons in the first nine months of 2018, worth $4.4 billion (€3.9 billion), up by 4 percent in volume but down by 4 percent in value compared to the same period last year.
The United States is the second largest shrimp import market for Vietnam after the EU, accounting for 18.2 percent of Vietnam's total shrimp exports.