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
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(seafood.vasep.com.vn) According to the Ca Mau Department of Agriculture and Rural Development, Ca Mau province has achieved significant, comprehensive and substantive progress in combating IUU fishing in 2025, successfully fulfilling all tasks directed by the central government and strengthening fisheries governance. These efforts have established a solid foundation for the nationwide effort to lift the EC’s "yellow card" warning.
(seafood.vasep.com.vn) Ca Mau has exceeded its 2025 production targets, reaching nearly 595,000 tons of shrimp. This milestone reinforces the province’s position as Vietnam’s leading shrimp producer and a bright spot in the country’s seafood sector.
(seafood.vasep.com.vn) According to Vietnam Customs data, cumulative shrimp exports from the beginning of the year through November reached $4.3 billion, up 21% year-on-year, continuing to serve as the primary growth driver of the entire seafood sector. In November alone, export turnover amounted to $393 million, up 14%.
(seafood.vasep.com.vn) In 2025, the fisheries sector continued to stand out as a bright spot in Ca Mau’s economic landscape, maintaining positive growth in both output and value.
(seafood.vasep.com.vn) By the end of November 2025, Vietnam’s total pangasius export turnover had exceeded the $2 billion threshold, registering a 9% compared with the same period in 2024. In November alone, pangasius exports reached $195 million, also posting a 9% increase year-on-year, underscoring a stable recovery trajectory for the sector in the final months of the year.
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(seafood.vasep.com.vn) An Giang is focusing on expanding climate-adaptive marine aquaculture models, aiming for safe and sustainable production. This approach not only enhances economic efficiency but also helps fishermen stabilize their livelihoods amid weather fluctuations.
(seafood.vasep.com.vn) In the first 10 months of 2025, Vietnam’s pangasius export value to China (including Mainland China and Hong Kong) reached $483 million, up 1% compared to the same period in 2024. October alone posted $73 million, a strong 19% increase year-on-year. The Chinese market currently accounts for nearly 27% of Vietnam’s total pangasius export value.
(seafood.vasep.com.vn) According to data from Vietnam Customs, the country’s lobster exports posted another strong month in October 2025, reaching $93 million - a 75% increase from the same month in 2024. This performance extends the sector’s impressive growth streak from earlier in the year, pushing cumulative exports for the first 10 months to $712 million, up an extraordinary 135% year-over-year. Within the product mix, green lobster remained the dominant driver, accounting for 98% of total export value, with $700 million recorded in the first 10 months - a 141% jump year-on-year. In contrast, exports of spiny lobster and other lobster varieties declined slightly by 22% and 1%, respectively, indicating that market demand is becoming increasingly concentrated on the most sought-after product line.
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