China's June imports of frozen warmwater shrimp surged by 36% compared with May to 75,000 metric tons, the highest monthly volume since December 2019, according to latest data from Chinese customs.
The value of frozen warmwater shrimp imports for the month came to $420 million, up 34% compared with May, the figures show.
The surge was thanks to bumper supply from Ecuador, with imports from the Latin American country coming to 50,000t, up 72% compared with May. In total, Ecuador supplied two-thirds of China's shrimp imports in June.
India, China's next largest supplier, supplied 14,500t, flat with May. Thailand, Vietnam, and Argentina, China's next largest suppliers, each supplied 2,400-2,500t.
The average unit value of imports from Ecuador increased in June to $5.30 per kilogram, up from $5.23/kg in May.
In the first six months of 2020, China imported 339,000t of frozen warmwater shrimp, worth $1.98 billion. Ecuador, which two weeks ago had three large exporters suspended from exporting to China due to positive tests for coronavirus on shrimp packaging, accounted for 205,000t of that amount, or 60% of imports.
Meanwhile, China's June imports of coldwater shrimp came to 4,700t, down 38% compared with May. The value of imports came to $20.5m.
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China's frozen warmwater shrimp imports, June, 2020
| Volume (metric tons) | Value ($m) | Average unit value ($/kg) | |
|---|---|---|---|
| Ecuador | 50,180 | 266 | 5.30 |
| India | 14,462 | 81 | 5.60 |
| Argentina | 2,426 | 18 | 7.36 |
| Vietnam | 2,536 | 18 | 7.12 |
| Thailand | 2,430 | 22 | 9.16 |
| Indonesia | 942 | 5 | 5.40 |
| Malaysia | 504 | 3 | 6.31 |
| Myanmar | 174 | 1 | 2.97 |
| Saudi Arabia | 38 |
0.2 | 4.61 |
| Others | 882 |
6 | 6.61 |
| Total | 74,573 | 420 | 5.64 |
| Data from Chinese customs compiled by Undercurrent News | |||
July 30, 2020 at 11:22PM
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Trade insights: China's June warmwater shrimp imports hit 75000t - Undercurrent News
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