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) Speaking at the Opening Ceremony of VIETFISH 2026 on August 19 at the Saigon Exhibition and Convention Center (SECC), U.S. Consul General Melissa Brown highlighted the important role of the exhibition in connecting Vietnam’s growing seafood industry with buyers, suppliers, and partners from the United States and around the world.
(vasep.com.vn) Tomorrow, August 19, 2026, the Vietnam International Seafood Exhibition – Vietfish 2026 will officially open at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. Taking place over three days, from August 19–21, Vietfish 2026 promises to provide a dynamic platform for business networking, trend updates, product experiences and comprehensive cooperation across the domestic and international seafood community.
(vasep.com.vn) The global tilapia market continues to grow, creating significant opportunities for countries with strengths in aquaculture, processing, and exports. Against this backdrop, Vietnam’s tilapia industry is gradually developing toward higher quality, greater product diversification, and broader market reach. At Vietfish 2026, the Vietnam Association of Seafood Exporters and Producers (VASEP), together with the VASEP Tilapia Producers and Exporters Club, will host a joint booth to promote the image and potential of Vietnamese tilapia to domestic and international buyers.
(seafood.vasep.com.vn) Vietnam’s seafood exports are heading towards $12 billion this year, potentially the highest level on record. Yet one of the country’s export strengths is facing a growing list of challenges.
(seafood.vasep.com.vn) The first six months of 2026 indicate that Vietnam’s tilapia industry is entering a new phase of development, with strong export growth but also greater demands for production scale, quality and international competitiveness.
(seafood.vasep.com.vn) Vietfish 2026, the Vietnam International Seafood Exhibition, will officially take place from 19–21 August 2026 in Ho Chi Minh City. As Vietnam’s largest annual seafood trade event, organized by the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietfish 2026 will once again bring together leading seafood companies, industry experts, and international partners from across the global seafood value chain.
(seafood.vasep.com.vn) Vietnam’s seafood exports reached USD 1.1 billion in July 2026, up 4.8% compared to the same period in 2025. Cumulative exports in the first seven months of the year totaled nearly USD 6.86 billion, an increase of 11.5% year-on-year. Exceeding the USD 1 billion mark in July further reinforces the prospect that Vietnam’s seafood exports could surpass USD 12 billion in 2026. However, the July figures also send a clear signal that the most favorable growth period may have passed: overall export growth slowed to just 4.8%, pangasius exports fell 6.1%, tuna exports were virtually flat, while exports to the EU, South Korea, and the Middle East all recorded double-digit declines.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the seminar "Global Seafood Market and the Future Workforce: Trends, Opportunities, and Sustainable Development Pathways for Vietnam's Seafood Industry" will take place from 2:00 p.m. to 4:15 p.m. on August 19, 2026, at Convention Room B, Level 2, SECC, Ho Chi Minh City. This is the first of five specialized seminars at Vietfish 2026, focusing on key issues that are shaping the long-term development of Vietnam's seafood industry.
(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.
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
