Ecuador's official trade figures have confirmed a large drop in exports of shrimp to China in June -- and a decline in values to a decade low.
In June, Ecuador exported 27,081 metric tons of shrimp to China, the lowest monthly volume since October 2018. (This includes shipments to Vietnam, a third-country for transshipment into China).
The drop in exports to China followed record shipments to the Asian country in May.
The average unit value of exports was just $5.25 per kilogram, down from $5.43/kg in May. This is the lowest average export value in the last decade.
Exports to Spain were particularly cheap at $5.03/kg, down 10% compared with June 2019 (see tables below article).
However, Ecuador's total shrimp exports for the month came to 55,500t, down only 1% compared with June 2019.
Also, exports in the first half of 2020 still came to 348,000t, up 13% compared with H1 of 2019, as a result of the large volumes shipped in the months prior to June.
The fall in June's exports came before Chinese authorities reported a positive test for coronavirus on the outer packaging of Ecuadorian shrimp on July 14. According to Ecuador's aquaculture chamber, known by its Spanish abbreviation, CNA, this has spurred a further contraction in exports to the country in July.
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Ecuador's shrimp exports, June, 2020
| Country | Volume (Metric tons) | Value ($m) | Average unit value ($/kg) | Change y-o-y (vol) | Change y-o-y (val) | Change y-o-y ($/kg) |
|---|---|---|---|---|---|---|
| China | 27,081 | 138 | 5.10 | -19% | -26% | -9% |
| US | 12,374 | 66 | 5.33 | 92% | 74% | -10% |
| Spain | 4,305 | 22 | 5.03 | 41% | 27% | -10% |
| France | 3,348 | 17 | 5.21 | 41% | 21% | -14% |
| S Korea | 1,506 | 8 | 5.27 | 52% | 33% | -13% |
| Italy | 1,442 | 8 | 5.24 | -41% | -46% | -8% |
| UK | 594 | 4 | 6.45 | 65% | 42% | -14% |
| Belgium | 488 | 4 | 8.25 | 59% | 73% | 9% |
| Taiwan | 453 | 2 | 5.12 | |||
| Netherlands | 441 | 4 | 8.13 | 26% | 17% | -8% |
| Others | 3,425 | 19 | 5.42 | -46% | -47% | -2% |
| Total | 55,458 | 291 | 5.25 | -1% | -9% | -8% |
| Source: CNA | ||||||
Ecuador's shrimp exports, Jan-June, 2020
| Country | Volume (Metric tons) | Value ($m) | Average unit value ($/kg) | Change y-o-y (vol) | Change y-o-y (val) | Change y-o-y ($/kg) |
|---|---|---|---|---|---|---|
| China | 219,637 | 1,187 | 5.40 | 57% | 50% | -4% |
| US | 48,140 | 263 | 5.46 | 21% | 13% | -6% |
| Spain | 20,385 | 109 | 5.36 | 29% | 21% | -6% |
| France | 15,172 | 86 | 5.68 | 13% | 4% | -9% |
| Italy | 8,154 | 46 | 5.67 | -36% | -38% | -4% |
| Russia | 5,778 | 31 | 5.32 | 10% | 15% | 5% |
| S Korea | 5,127 | 27 | 5.28 | -11% | -23% | -14% |
| Netherlands | 2,481 | 20 | 8.15 | 51% | 52% | 0% |
| Belgium | 2,378 | 19 | 8.05 | 57% | 55% | -2% |
| UK | 2,101 | 15 | 6.95 | 11% | 0% | -10% |
| Others | 18,408 | 105 | 5.72 | -74% | -74% | 1% |
| Total | 347,762 | 1,908 | 5.49 | 13% | 8% | -5% |
| Source: CNA | ||||||
July 30, 2020 at 11:21PM
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Trade insights: Unit price of Ecuadorian shrimp exports sinks to new low - Undercurrent News
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