China is Vietnam’s largest export market for sea crabs

International Business News  –  According to statistics from the Vietnam Association of Aquatic Products Processing and Export (VASEP), as of July 15, Vietnam’s sea crab exports totaled more than US$111 million, a year-on-year increase of 41%.

China, the United States, Japan and France are the four major export markets for Vietnamese sea crabs, accounting for more than 92% of the total export value of sea crabs, showing a sharp increase compared with the same period last year.

Among them, China’s imports of sea crabs from Vietnam increased the most, with a 76% increase, earning US$37 million in foreign exchange. The import value of sea crabs from the United States to Vietnam was US$38 million, a year-on-year increase of 27%. Followed by the Japanese and French markets, the import volume of Vietnamese sea crabs increased by 51% and 60% year-on-year respectively.

It is reported that China began to relax quarantine regulations on Vietnamese seafood in July, aiming to promote trade between the two countries.