Shrimp exports from Ecuador are facing many challenges
Image: Stockfile FIS
(VIET NAM, 3/29/2024)
After growing quite well and achieving record export results in 2023, entering early 2024, Ecuador's shrimp export turnover decreased due to facing many obstacles. Exports to Asian markets, including China, decreased sharply due to transportation difficulties. Ecuador must increase exports to the US, so Ecuadorian shrimp exports to the US in January increased slightly.
In 2023, Ecuador's shrimp exports was grow well with an increase of 14% reaching 1.21 million tons. Of which, exports to the largest import market, China, reached 714,887 tons, worth 3.5 billion USD, up 21% in volume but down 2% in value. Ecuadorian shrimp exports to the second largest market, the US, reached 205,972 tons, worth 1.25 billion USD, an increase of 5% in volume but a decrease of 8% in value.