HANOI: Total August exports of crab from Vietnam have been brought down by faltering demand in the West, despite high imports from other Asian countries, has wavered.
During the first eight months of the year, exports of crab from Vietnam decreased by 2%. Through August, crab exports to the US valued more than $34.4 million, down 13% year-on-year.
Exports to the EU have also been decreasing over the last three months. Through August, crab export value to the EU was over $12.5m, down by more than 13% y-o-y.
Japanese demand, however, continues to grow and it remained the second strongest importer of Vietnamese crab, buying $2m worth of it in August.
Exports to China increased in August as well, boosted by higher demand during their Moon Festival. Crab exports to China and Hong Kong in August surged to $580,000 up 131% y-o-y, bringing the total export value for the 8 initial months of 2015 to US$3.7m, up 31%.
