Vietnam shrimp exports to the US and EU in October 2022 plummeted

News 08:29 02/12/2022
(seafood.vasep.com.vn) According to data from Vietnam Customs, in October 2022, Vietnam's shrimp export value recorded a decrease compared to the same period in 2021, down 16% to $360 million. This is the third month since the beginning of 2022, shrimp exports recorded a decrease compared to the same period last year. Previously, in June and July, shrimp exports decreased by 1% and 13%, respectively.

Thanks to the breakthrough growth in the first half of the year, Vietnam's shrimp exports as of October 2022 still increased by 18% to reach $3.8 billion.

In the structure of Vietnam's shrimp export products, whiteleg shrimp exports increased by 13%, black tiger shrimp increased slightly by 1.2%, marine shrimp increased the most by 106%. Among the exported vannamei and black tiger shrimp products, processed products outperformed live/fresh/frozen products.

In October, some main markets educed shrimp imports from Vietnam such as the US, EU, UK, and South Korea. Shrimp exports to the US and EU dropped sharply by 51% and 35%, respectively. Exports to the UK decreased by 20%, exports to South Korea decreased slightly by 1%. Exports to Japan still increased slightly by 5%. Particularly, exports to China still maintained a growth rate of 49% compared to October 2021.

It is difficult for shrimp exports in the next 2 months to keep the same growth as in previous months

By the end of October, although imports decreased by 18% over the same period, the US market still accounted for the largest proportion, accounting for nearly 20% of Vietnam's shrimp exports with a turnover of 733 million USD.

Vietnam's shrimp exports to the US have continuously decreased by double digits from June until now. The oversupplied market, record high inflation and the fuel crisis caused people to tighten their spending, so shrimp imports into the US from most sources have decreased.

According to data from the US National Oceanic and Atmospheric Administration (NOAA), in the first 9 months of this year, the volume of shrimp imports into the US from India decreased by 16%, Indonesia (-9%), Vietnam (- 31%), Thailand (-12%), Argentina (-11%), only imports from Ecuador increased 11%.

In 2022, Indian shrimp production faced many difficulties, output decreased, disease outbreaks, input costs increased, shrimp selling prices fell sharply while shrimp farming in Ecuador was more favorable, with high productivity, and few diseases. Ecuador plans to increase whiteleg shrimp production to 2 million tons by 2025.

Besides the US, Vietnam's shrimp exports to the EU in October 2022 decreased by 35% compared to the same period last year. Exports to 4 main markets in the bloc (Germany, Netherlands, Belgium, France) simultaneously decreased at double digits. Uncertainty in the economy, politics and the upward trend in commodity prices, especially energy prices, have negatively impacted import demand from the EU market in recent months. As of October 2022, shrimp exports to the EU reached US$618 million, up 28% over the same period last year.

It is difficult for shrimp exports in the next 2 months to keep the same growth as in previous months because of the declining demand, challenges in raw material and high production costs while enterprises and farmers lack capital to rotate investment in production and processing for export.

Compiled by Thuy Linh 

Bạn đang đọc bài viết Vietnam shrimp exports to the US and EU in October 2022 plummeted tại chuyên mục News của Hiệp hội VASEP
vietnam shrimp exports in october 2022

TIN MỚI CẬP NHẬT

Da Nang city takes strong action against IUU fishing

 |  11:12 05/12/2025

(seafood.vasep.com.vn) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.

Vietnam’s tuna exports to Israel drop nearly 50% in the first 9 months of 2025

 |  09:13 04/12/2025

(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.

Vietnam exports first shipment of 700 tons of tilapia to Brazil

 |  09:42 02/12/2025

(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.

Pangasius Exports in October 2025: Positive Growth Momentum Led by China's Recovery

 |  12:40 28/11/2025

(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.

Appeal letter: Calling for Support to overcome the consequences of flooding in the central provinces

 |  10:39 27/11/2025

In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.

Raw shrimp prices remain stable, slight declines in some sizes at the end of October 2025

 |  09:04 26/11/2025

(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.

Vietnam’s shrimp exports in October 2025 hit the highest level since the beginning of the year

 |  08:26 25/11/2025

(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.

US temporarily suspends import ban on crab from Vietnam and three Asian countries

 |  09:03 24/11/2025

(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).

An Giang’s fisheries sector makes active contributions to the marine economy and international integration

 |  09:15 21/11/2025

(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.

Vietnam pangasius exports in September 2025: Driven by CPTPP markets and processed products

 |  11:24 19/11/2025

(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.

VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM

Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC