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
(seafood.vasep.com.vn) Vietnamese seafood exports recorded impressive growth, generating nearly 6 billion USD in revenue during the first six months of the year, up 13% compared with the same period last year.
(seafood.vasep.com.vn) Fishermen in Ha Tinh are gradually overcoming difficulties to maintain the efficiency of seafood exploitation. In the first six months of 2026, the entire province achieved a production of more than 23,000 tons of seafood, worth more than 1,200 billion VND.
(seafood.vasep.com.vn) June 2026 brought encouraging signs for Vietnam's tuna exports, with export value rising 20% year-on-year to nearly USD 72 million. However, this increase has yet to offset the prolonged slowdown seen in key markets such as the European Union (EU), where import demand remains weak. The outlook for the second half of the year is expected to become more challenging as freight rates continue to climb.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the Vietnam Association of Seafood Exporters and Producers (VASEP), in collaboration with the Agency for Domestic Market Management and Development under the Ministry of Industry and Trade, will organize the Domestic Seafood Supply–Demand Matching Program on the morning of August 20, 2026, at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City. The program aims to foster direct business connections between Vietnamese seafood producers and processors and domestic distributors, retailers, and foodservice channels.
(seafood.vasep.com.vn) The Cooking Show will be one of the most engaging experiential highlights of Vietfish 2026. Taking place over three days, from August 19–21, 2026, at Hall B1, SECC, Ho Chi Minh City, the event will offer visitors a vibrant culinary space where Vietnamese seafood is showcased through its flavors, stories, and real-life culinary applications.
(seafood.vasep.com.vn) Vietnam's pangasius exports reached USD 205 million in June 2026, up 5% compared with the same month in 2025. Cumulative export value for the first six months of the year totaled USD 1.1 billion, an increase of 12% year-on-year. Growth was primarily driven by strong demand from China and CPTPP markets, while exports to the United States and Brazil continued to decline.
(seafood.vasep.com.vn) In the first six months of 2026, Ha Tinh province continued to implement comprehensive solutions to combat IUU fishing; strictly manage the fishing fleet, control fishing vessels entering and leaving ports, operate vessel tracking devices, trace the origin of seafood, and severely punish violations.
(seafood.vasep.com.vn) Vietnam's tilapia exports reached USD 7 million in June 2026, down 32% compared with the same month in 2025. Nevertheless, thanks to strong growth in the first five months of the year, cumulative tilapia exports in the first half of 2026 totaled USD 69 million, up 67% year on year.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company, a member of the Vietnam Association of Seafood Exporters and Producers (VASEP), has been honored with the "Famous Brand - Competitive Vietnamese Brand 2026" certification at an award ceremony organized by the Vietnam Intellectual Property Association (VIPA).
(seafood.vasep.com.vn) China imported nearly $1.4 billion worth of Vietnamese seafood in the first half of the year, a 40% increase compared to the same period last year, surpassing the US to become the largest export market for the industry.
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