According to statistics from the International Trade Center (ITC), in the first 10 months of 2023, Korea's imports of all kinds of shrimp reached 640.2 million USD, a decrease of 21.9% over the same period in 2022. Situation Economic difficulties and high inflation caused Korea's shrimp import demand in 2023 to decrease sharply compared to the same period in 2022.

Although shrimp exports to Korea decreased, Vietnam is still the largest shrimp supplier to this market, accounting for 46.1% in the first 10 months of 2023, up from 45% in the first 10 months of 2022.

Regarding imported shrimp types, in the first 10 months of 2023, Korea reduced imports of most shrimp types, except for imports of dried/salted/smoked/brine shrimp (HS 030695) increased slightly.  Imports of freshwater shrimp airtight packaging processing kettles (HS 160529) increased sharply. However, the import proportion of these two types of shrimp is low.

Shrimp demand in Korea is expected to grow by an average of 8.9 %/year in the period 2023 - 2033, opening up great opportunities for Vietnamese shrimp in this market.