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Home > News > Market Flash > Ecuadorian shrimp exports to China increase by 63% in the first 10 months of 2022

Ecuadorian shrimp exports to China increase by 63% in the first 10 months of 2022

foodmate 2023-01-10

According to SeafoodMedia on January 6, in the first 10 months of 2022, Ecuadorian shrimp exports have exceeded the revenue of the whole year of 2021, with exports reaching 886,000 tons.

 
Exports for the whole of 2021 were 842,000 tons, and although data for the full year of 2022 has not yet been released, exports are expected to exceed 1 million tons by the end of 2022.
 
Shrimp production in Ecuador increased from 1.01 million tonnes in 2021 to 1.35 million tonnes in 2022.
 
Ecuadorian shrimp consolidated its position as an exporter in China, with Ecuadorian shrimp exports to China reaching 58,000 tonnes in October 2022, up 71% year-on-year, and a cumulative export volume of 490,000 tonnes in the first 10 months, up 63% from the same period the previous year.
 
In contrast, exports to the US and EU fell 8% and 5% to 13,000 mt and 17,000 mt respectively in October, a decline caused by high energy prices in Europe and continued interest rate hikes in the US to fight inflation.
 
In October, exports of Ecuadorian shrimp to the United States and the main EU markets (Spain, France, Italy, the Netherlands) fell sharply, but exports to these two markets in the first 10 months were 161,000 tons and 160,000 tons, respectively, an increase of 7% and 1% compared to the same period in 2021.
 
Shrimp exports from Ecuador amounted to US$5.67 billion in October 2022, up 43% from the same period a year earlier, and exports to China amounted to US$3.04 billion, up 76%.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.
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