According to statistics from Vietnam Customs, Vietnam's crab export value in March 2024 reached more than 18 million USD, an increase of 66% over the same period last year. Cumulatively in the first 3 months of the year, export turnover reached more than 52 million USD, up 75% over the same period.

Among them, dried, salted, fresh and frozen crab and other crustacean products account for the highest proportion. Compared to the same period in 2023, exports of Vietnam's crab and other crustacean product groups all increased over the same period.

Vietnam's crab and other crustacean products have been exported to 22 markets around the world. Currently, inflation in many countries has been controlled and the economy is gradually recovering, boosting consumption demand. Therefore, exports to main markets this quarter mostly increased compared to the same period in 2023.

Vietnam's crab exports in March 2024 earned more than 18 million USD, an increase of 66% over the same period in 2023. This result is a signal showing the recovery of consumption demand in markets.

China & Hong Kong, Japan, the US, Canada and the UK are the 5 single markets importing the most crabs and other crustaceans from Vietnam during this period. Compared to the same period last year, Vietnam's exports of this product group to the four leading markets increased, while exports to the UK decreased.

Notably, in this quarter, exports of crabs and other crustaceans to China and Hong Kong increased dramatically by 395% compared to the same period in 2023. With this growth rate, China and HK are taking the lead in importing this product group from Vietnam. Along with China, Vietnam's exports of this product group to Australia and Singapore are also growing at a high three-digit rate. One of the reasons for this growth is because the first quarter coincided with the Lunar New Year holiday in China and other Asian countries, so demand increased.

This quarter, Vietnam has more than 93 businesses participating in exporting crabs and other crustaceans. Leading the way are Trung Son Long An Co., Ltd, Bach Dang International Co., Ltd and Hoang Ha International Logistics.

Source: VASEP