China, the United States and Japan compete to import Vietnamese crabs

Body translation

China, USA, Japan race to import Vietnamese crabs

China, the United States and Japan are racing to import Vietnamese crabs

Not only China, but also the US and Japan also increased imports of Vietnamese crabs, causing the price of this commodity to reach a record high.

Not only China, the United States and Japan have also increased imports of Vietnamese crabs, making the price of this product hit a record high.

For a month now, many stores have reported that crabs over 500 grams a day are scarce because traders collect them for export.

Over the past month, many shops have said that crabs weighing more than 500 grams are very scarce because traders buy all of them for export.

Mr. Hoang - who specializes in selling Ca Mau specialties - said that the price of crab in square (where farming) is currently up to 400,000-600,000 VND per kilogram, up 20% compared to the previous month. The price is high, customers constantly ask to buy two crabs a kilogram but there are no goods to sell.

Ah Huang, who specializes in selling Kim Ou specialties, said the price of crabs on farms has now risen to 400,000-600,000 VND/kg, up 20 percent from the previous month. The price is high, and consumers keep asking if there are 2 crabs/1kg, but there is no stock.

A survey at other seafood stores in Ho Chi Minh City also showed that the price of two-animal crabs per kilogram was retailed at VND 900,000. This is the highest price so far this year.

Surveys of other seafood shops in Ho Chi Minh City also showed that the retail price of 2 crabs/1kg was VND 900,000. This is the highest price so far this year.

Not only crabs, Mr. Thai, owner of a seafood store on Pham Van Chieu Street (Go Vap), Ho Chi Minh City, said that green crabs of 3-5 pieces per kilogram are also very scarce. "Every day, my store only imports 3-5 kg, the selling price is up to 800,000 VND per kilogram," he said.

Not only crabs, but Ah Tai, a seafood shop owner on Pham Pham Chou Road in Ho Chi Minh City's Old Nghe County, said that 3-5 green crabs/1kg are also very rare. "Every day, my store only has 3-5kg of purchases, and the price has risen to 800,000 VND/kg," he said.

Thai said that crab and crab prices increased sharply due to reduced supply, while countries increased imports. "Currently, large crab lines are mostly prioritized for export, so the country is quite scarce," he shared.

Athai said the price of crabs has risen due to the reduction in supply, while at the same time, imports from other countries have also increased. Ah Tai shared, "Now, most of the big crabs are preferentially used for export, so the domestic supply is quite scarce."

Data from VASEP showed that by 15/7, Vietnam's crab exports reached over 111 million USD, up 41% over the same period last year. Vietnam's top four crab import markets are China, the US, Japan and France, accounting for more than 92% of total export value and increasing sharply over the same period last year.

According to VASEP data, as of July 15, Vietnamese crab exports exceeded US$111 million, an increase of 41% year-on-year. The top four import markets for Vietnamese crabs are China, the United States, Japan and France, accounting for more than 92% of total exports, a significant increase from the same period last year.

Specifically, by July 15, crab exports to China increased the most with 76%, reaching 37 million USD. This is Vietnam's 2nd largest crab import market after the US. During this period, the US imported over 38 million USD of Vietnamese crabs, up 27% over the same period last year.

Specifically, as of July 15, crab exports to China increased the most, as high as 76%, reaching $37 million. China is Vietnam's second largest crab market after the United States. During that period, the United States imported more than $38 million of crabs from Vietnam, up 27 percent year-over-year.

Followed by the Japanese and French markets, crab imports increased by 51% and 60% respectively over the same period in 2021. Currently, Japan is the country that imports the most crabs of Vietnam in the market participating in the CPTPP Agreement. France leads in the EU in importing Vietnamese crabs.

It was followed by Japan and France, which grew by 51% and 60% respectively from the same period in 2021. Currently, Japan is the largest participant in the CPTPP agreement that imports crabs from Vietnam in the market. France is ahead of the EU in importing Vietnamese crabs.

According to the Vietnam Association of Seafood Exporters and Processors - VASEP, the world's increasing preference for Vietnamese crabs has caused exports of this commodity to grow simultaneously in leading markets. In addition, the US, China and France have fully reopened after 3 years of Being affected by Covid-19, so export activities are easier.

According to the Vietnam Seafood Exporters and Producers Association - VASEP, the growing prevalence of Vietnamese crabs worldwide has led to a simultaneous increase in the export of this product in major markets. In addition, the United States, China and France have reopened fully after three years of being affected by the epidemic, so export activities have become easier.

The agency forecasts that in the second half of the year when the demand for major holidays such as Christmas and Chinese New Year lasts, export crab prices will remain volatile and export value will also increase sharply.

The agency predicts that in the second half of the year, during the continuous demand for major festivals such as Christmas and the Lunar New Year, the export price of crabs will still fluctuate, and the export volume will also increase significantly.