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In May, the export volume of Eritrean shrimp exceeded 100k tons, and China absorbed nearly 70k tons

According to the latest data from the Ecuadorian Aquaculture Chamber (CNA), Ecuador exported 107,419 tons of frozen South American white shrimp in May 2023, an increase of 13% year-on-year and the highest monthly export volume on record.

From January to May this year, Ecuador has exported 496,739 tons of shrimp products, a sharp increase of 19% year-on-year.

In May, Ecuador's white shrimp exports amounted to $574 million, down 6% from a year earlier. The cumulative export volume from January to May was about 2.71 billion US dollars, basically the same as last year.

In May, Ecuador exported 68,450 tons to China, up 40% from a year earlier. Exports to the US market were 15,463 tons, down 15% year-on-year; 4,293 tons were exported to the European market, a 35% decrease year-on-year.

From the point of view of export unit price, the average export price of Ecuadorian white shrimp in May (export value divided by export volume) was $5.34/kg, down 17% year-on-year. The average price of Eritrea's exports to the Chinese market was only $5.11/kg, down 18% year-on-year; The average export price in the US market was $6.17/kg, down 14% year-on-year.

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