According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Canada ranks 13th among the world's leading shrimp importers and the country has posted increasing demand for imports of warm water shrimp from Asian countries such as Vietnam and India.
Canada imports over 53,000 tonnes of shrimp each year. The top five leading shrimp suppliers for Canada include Vietnam, India, China, Thailand and Indonesia respectively.
While Canada reduced imports of shrimps from Thailand (down 33.5%) in the first three quarters of this year, the country increased the imports from Vietnam and India, up 5% and 9.4% respectively compared to the same period last year.
Vietnam and India are close rivals regarding export to the Canadian market and both Asian countries are entitled to enjoy 0% import tax on frozen shrimp coded HS 030617.
Canada is the sixth largest importer of Vietnamese shrimp, accounting for 4.3% of Vietnam's total shrimp exports to foreign markets in the first nine months of this year. Vietnam's shrimp exports to Canada have seen continuous positive growth rates since 2016.
