Shrimp exports to China and Hong Kong reached US$1.1 billion in the first 10 months of this year, marking a significant rise of 64 percent, the highest growth among all markets.
The market recorded an export value of US$140 million in October alone, the highest ever recorded, according to the latest report by the Vietnam Association of Seafood Exporters and Producers (VASEP).
In total, shrimp exports reached US$498 million last month, up 26 percent compared to the same period last year.
This was one of the highest monthly export figures so far this year, reflecting strong demand from major markets and efforts by businesses to boost deliveries toward the end of the year.
The total export value reached US$3.9 billion for the first 10 months, a 22 percent growth compared to the same period last year.
The growth momentum in October was largely driven by white-leg shrimp, along with a significant surge in exports to China, where demand for live, fresh, and frozen shrimp remained high.
The market under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) achieved over US$1 billion, a 33 percent growth, with stable demand from Japan, Canada, and Australia.
The US market reached US$702 million, a 9 percent increase, showing strong purchasing power despite fierce competition from Ecuador and India.
White-leg shrimp accounted for nearly 65 percent of the total export value, hitting US$2.5 billion. This category experienced the fastest growth, driven by competitive pricing and demand from various markets.
Black tiger shrimp exports reached US$385 million, maintaining steady demand in traditional markets like Japan and for the large-size black tiger shrimp segment in China. Meanwhile, exports of other frozen processed shrimp products totalled US$991 million.
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