VIET NAM - Though making up only 2.4 per cent of Viet Nam's total crab exports, Australia has shown a sharp increase in crab imports from Viet Nam.
Data from General Customs revealed that through May, Vietnamese companies earned US $889 thousand from crab exports to the market, representing a rise of 185 per cent over the same period in 2014. This is partly a result of the 236.5 per cent year-on-year growth in May, reports VASEP.
From January to April, according to International Trade Centre (ITC), Australia imported 714 MT of crabs from 17 countries, with the value of $8.5 million.
Imports from ASEAN countries dominated the market share with 74.6 per cent of total value and 76.9 per cent of total value. Frozen crabs and processed crabs are the main products imported by Australia.
Viet Nam is the fourth biggest crab exporting market to Australia, after Myanmar, Thailand and Indonesia, but the average price of crabs from Viet Nam is much lower.
TheFishSite News Desk