Switzerland imports over 50% shrimp from Vietnam

During the 10 year period 2007 2016 Vietnam was consistently the largest shrimp supplier for Switzerland accounting for over 50 percent of total Swiss shrimp imports
switzerland imports over 50 shrimp from vietnam

This was stated by the Vietnam Association of Seafood Exporters and Producers (VASEP).

Switzerland accounts for 0.5% of total shrimp import value in the world, mainly importing shrimp for domestic consumption. Each year, this country imports some 8,500 tonnes of shrimp.

Shrimp import in Switzerland was not stable during the 10 years (2007-2016), with the lowest import value in 2007 at US$81.4 million and the highest in 2014 at US$144.6 million. In 2014, the value of shrimp imports in this country reached the highest level because the price of shrimp worldwide increased significantly. From 2014 to 2016, the value of shrimp imports into the country showed a tendency to decline.

In the Swiss market, Vietnam has to compete with Ecuador and other Asian suppliers such as Bangladesh, Thailand and India, although Vietnamese shrimp is more affordable than European suppliers such as Germany, Denmark and France.

Frozen shrimp and sealed bags with processed shrimp are the two main products imported into Switzerland, of which Vietnam is the largest supplier of these two products.

VASEP said Switzerland offers free import duty on frozen shrimp for all five major sources -- Vietnam, Germany, Denmark, Ecuador and Bangladesh.

In the first three quarters of this year, shrimp imports to Switzerland totaled US$87.6 million, a year-on-year increase of 17%. Vietnam remains the largest supplier, accounting for 59% of total Swiss shrimp imports, followed by Germany, Denmark, France and the Netherlands.

Switzerland ranks 10th among Vietnam’s main shrimp import markets, accounting for 1.03% of the Southeast Asian country’s total shrimp exports to all the markets.

As of November 15, 2017, Vietnam’s shrimp exports to Switzerland reached US$34.3 million, up 17.3% over the same period last year.

VASEP suggested that in light of the current situation, Vietnam should take advantage of being the largest supplier of shrimp and the zero per cent tariff on exporting shrimp to Switzerland to maintain and promote exports to this market.

Source: VNA

Related News

Preliminary assessment of Vietnam international merchandise trade performance in the second half of August, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of August, 2024

The Vietnam Customs Statistics announced that in the second half of August, 2024 the total Vietnam’s exports of US dollars 20.73 billion and imports of nearly US dollars 17.29 billion resulted in a trade surplus of US dollars 3.45 billion.
Preliminary assessment of Vietnam international merchandise trade performance in the first 8 months of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first 8 months of 2024

Highlights 1. According to trade statistics of Vietnam Customs, in August of 2024, a 2.0% upwards in total external merchandise turnover of Vietnam was recorded as compared to the result of July 2024. Exports went up 4.3 %, to USD 37.79 billion and imports decreased 0.4%, to USD 33.74 billion in terms of month-on-month basis. As a result, there was a USD 4.05 billion surplus in Vietnam’s trade balance in this month.

Latest News

Vietnam’s stainless steel exports under dual investigation

Vietnam’s stainless steel exports under dual investigation

The US Department of Commerce (DOC) has initiated an anti-dumping and countervailing duty investigation into corrosion-resistant steel (CORE) imported from Vietnam, alongside nine other countries and territories.
F&B industry to reach 30 billion USD in 2024

F&B industry to reach 30 billion USD in 2024

The Ministry of Industry and Trade (MoIT) forecasts that the revenue of the food and beverage (F&B) industry will grow by 10.92% this year, reaching more than 720 trillion VND (29.8 billion USD).
Self-sufficiency in raw materials critical for garment, footwear

Self-sufficiency in raw materials critical for garment, footwear

Vietnam needs breakthrough solutions to upgrade the value chains of the garment and footwear industries with the focus on achieving self-sufficiency in raw materials to increase added value and develop sustainably.
To successfully export fresh coconuts to China

To successfully export fresh coconuts to China

VCN - The large demand of the Chinese market not only exposes a "golden” opportunity to the Vietnamese coconut industry, but also poses potential risks for businesses if there is no systematic investment in raw material areas as well as strict control over the cultivation, harvesting, and processing processes...

More News

Standardising fruit quality can open up new markets for Vietnam: Insiders

Standardising fruit quality can open up new markets for Vietnam: Insiders

There is plenty of room for Vietnamese fruit and vegetables to enter more stringent markets such as the US, Australia, and the EU by focusing on high-quality fruit, accurate origin certificates, and food safety standards, according to insiders.
Five amended laws to untie investment knots

Five amended laws to untie investment knots

VCN - According to Tran Quoc Phuong, Deputy Minister of Planning and Investment, numerous provisions within the draft Law on Public Investment (amended) and the Law amending and supplementing a number of articles of the Law on Planning, the Law on Investment, the Law on Public-Private Partnership Investment, and the Law on Bidding, will effectively remove practical obstacles and unleash resources for growth upon enactment.
Ho Chi Minh City: Determined to become the leading logistics center in the region

Ho Chi Minh City: Determined to become the leading logistics center in the region

VCN - Promoting the potential of the largest city in the country, Ho Chi Minh City has a plan to develop the logistics industry, aiming to improve the capacity of seaports and become the leading logistics center in the region.
Vietnam's rice export turnover up 23.5% in nine months

Vietnam's rice export turnover up 23.5% in nine months

Vietnam exported over 7 million tonnes of rice worth 4.37 billion USD in the first three quarters of 2024, up 9.2% in volume and 23.5% in value compared to the same period last year, the Ministry of Agriculture and Rural Development (MARD) has reported.
Responding to trade competition, businesses are forced to innovate technology

Responding to trade competition, businesses are forced to innovate technology

VCN - According to the Global Innovation Index (GII) 2024 Report published by the World Intellectual Property Organization (WIPO) a few days ago, Vietnam ranked 44th out of 133 countries, up from 46th in 2023 - continuing to improve its position since 2013.
How does the Fed

How does the Fed's interest rate cut affect Vietnam?

VCN - In the latest meeting of the Federal Open Market Committee (FOMC), the Fed decided to cut interest rates by 50 basis points to a range of 4.75%-5%. Analysts have given different perspectives on this decision.
Vietnam-France trade, investment ties expected to grow further

Vietnam-France trade, investment ties expected to grow further

The official visit to France by Party General Secretary and State President To Lam and his attendance at the 19th Francophonie Summit are expected to give a boost to the bilateral economic, trade, and investment ties.
Nine-month agro-forestry-fisheries exports rise 21%

Nine-month agro-forestry-fisheries exports rise 21%

Vietnam earned 46.28 billion USD from exporting agricultural, forestry and fishery products, while spending 32.42 billion USD importing them in the first nine months of 2024, up 21% and 7.5% year-on-year, respectively.
Vietnamese fruits have room to penetrate deeper into the Chinese market

Vietnamese fruits have room to penetrate deeper into the Chinese market

VCN - On September 29, the first Vietnam Fruit Festival opened in Beijing, China. The event is expected to open up more opportunities for fruit exports to this large market.
Read More

Your care

Latest Most read
Vietnam’s stainless steel exports under dual investigation

Vietnam’s stainless steel exports under dual investigation

The US Department of Commerce (DOC) has initiated an anti-dumping and countervailing duty investigation into corrosion-resistant steel (CORE) imported from Vietnam, alongside nine other countries and territories.
F&B industry to reach 30 billion USD in 2024

F&B industry to reach 30 billion USD in 2024

The Ministry of Industry and Trade (MoIT) forecasts that the revenue of the food and beverage (F&B) industry will grow by 10.92% this year, reaching more than 720 trillion VND (29.8 billion USD).
Self-sufficiency in raw materials critical for garment, footwear

Self-sufficiency in raw materials critical for garment, footwear

Vietnam needs breakthrough solutions to upgrade the value chains of the garment and footwear industries with the focus on achieving self-sufficiency in raw materials to increase added value and develop sustainably.
To successfully export fresh coconuts to China

To successfully export fresh coconuts to China

The large demand of the Chinese market not only exposes a "golden” opportunity to the Vietnamese coconut industry, but also poses potential risks for businesses
Standardising fruit quality can open up new markets for Vietnam: Insiders

Standardising fruit quality can open up new markets for Vietnam: Insiders

There is plenty of room for Vietnamese fruit and vegetables to enter more stringent markets such as the US, Australia, and the EU by focusing on high-quality fruit, accurate origin certificates, and food safety standards, according to insiders.
Mobile Version