Accumulated in the first 6 months of 2022, Vietnam tuna exports to this market reached nearly 3 million USD, up 203% over the same period.
According to statistics of Vietnam Customs, Vietnam's tuna exports to France increased over the same period. In which, the largest increase was in the group of processed and canned tuna products. Frozen tuna meat/loin with HS code 0304 is still the main export product group to this market, accounting for 63% of the total export value.
Vietnam is currently the 14th largest tuna supplier to the French market among non-EU suppliers. This year, French tuna imports have recovered and France tends to increase tuna imports from Asian countries other than Vietnam, such as the Philippines by 442%, Indonesia by 42%.
In the first few months of 2022, due to the good tuna catch of France and Spain, it is enough to supply tuna to the processors of this country and EU countries. Therefore, France tends to increase imports of frozen cooked tuna meat/loin, and imports of frozen whole tuna products decrease.
Along with that, the reopening of EU countries in the tourism industry also increases the demand for importing high-value fresh and frozen tuna. At the same time, the increased import demand for large canned tuna products for food service chains, restaurants, etc. has helped restore tuna imports in H1/2022.
However, as for the depreciation of the euro, countries are concerned about the possibility that Russia could cut off natural gas supplies to Europe and plunge the region into recession at any time. This will affect the entire economy, including the tuna fishing and processing industries of EU countries.
Although, on July 21, 2022, the European Central Bank (ECB) decided to raise interest rates by 50 basis points. However, according to the Reuters news agency, this 50 basis point increase by the ECB is still not strong enough compared to other central banks in the world, especially the US Federal Reserve, which raised interest rates to 75 basis points last month and there is likely to be another base rate hike this month.
High-priced raw materials are reducing the purchasing power of countries. However, raising interest rates, which increase the cost of borrowing during a recession, could increase difficulties for businesses and households. Specifically, tuna businesses in the EU are importing tuna in USD, so the depreciation of the euro makes tuna more expensive than ever. At the same time, a strong dollar can make final products imported into the EU more expensive and this will hold back demand.
Compiled by My Hanh
(vasep.com.vn) Vietnam’s tuna exports sustained their upward trajectory in August 2026, though the pace remained modest at just 2%. The month saw divergent trends across key markets: the US maintained its leading position, Japan and Canada improved, Russia surged and the EU continued to experience a steep downturn. These developments suggest that exporters are entering the final months of the year amid a market environment marked by greater uncertainty.
(vasep.com.vn) Vietnam’s shrimp exports reached $3.3 billion in the first eight months of 2026, up 12% year on year. However, growth momentum is moderating and market divergece is becoming more pronounced, while the US and EU continue to present significant challenges. The latest insights from the Global shrimp forum 2026 (GSF 2026), held in early September, also indicate that the final months of the year will remain highly competitive as global supply continues to expand and buyers place greater emphasis on quality, product specifications, supply consistency and the ability to meet market-specific demand.
(vasep.com.vn) Vietnam’s pangasius exports continued to grow in August 2026, bringing total export value in the first eight months of the year to US$1.5 billion, up 10% year-on-year. August exports alone reached US$205 million, up 6%. However, market performance has become increasingly divergent, with China and Brazil posting positive growth while the U.S. continued to record a sharp decline.
(vasep.com.vn) Vietnam’s seafood exports reached US$1.14 billion in August 2026, up 6.4% year on year, bringing the total for the first eight months to more than US$8.0 billion, an increase of 11.9%. Monthly export value remained above US$1 billion, but August growth was only around half the rate recorded cumulatively through the first eight months. This indicates that the eight-month result was supported significantly by stronger performance in earlier months, while market conditions are entering a less predictable period.
(seafood.vasep.com.vn) Pangasius is attracting growing interest from Japanese seafood companies as prices of many traditional whitefish species remain high and supply becomes increasingly volatile. Notably, seafood group Kyokuyo has recently continued to feature pangasius among its priority products, highlighting its competitive pricing and stable supply.
(seafood.vasep.com.vn) As Vietnam’s tilapia industry searches for new growth opportunities, venturing into brackish-water aquaculture could unlock a formidable competitive moat. Bypassing the volume-and-price bloodbath against established global heavyweights, Vietnam could differentiate itself through high-quality tilapia products tailored to specific farming conditions and value-added market segments.
(seafood.vasep.com.vn) 2026 is rapidly shaping up to be a formidable stress test for Vietnamese pangasius exports to the United States. While exports to alternative markets maintain a resilient growth trajectory, the U.S market has declined significantly. In the first eight months of the year, pangasius exports to the U.S fell by nearly 14% year-on-year, with August alone recording a decline of more than 50%. The trend shows that difficulties in the U.S. market are not driven solely by weak consumer demand, but also by multiple layers of trade barriers that are intensifying simultaneously, particularly additional import tariffs, anti-dumping duties and growing protectionism for the domestic catfish industry.
(vasep.com.vn) Vietnam’s pangasius exports to Japan are showing positive signals in 2026, indicating that the market is opening up greater opportunities for pangasius products, particularly processed and value-added products. In the first seven months of 2026, Vietnam’s pangasius exports to Japan reached US$31 million, up 20% year-on-year. In July alone, export value reached approximately US$5 million, up 30%.
On July 22, 2026, the Government issued Decree No. 292/2026/ND-CP detailing certain articles and providing measures for the organization and implementation of the Law on Foreign Trade Management. The Decree takes effect on September 5, 2026, replacing Decree No. 69/2018/ND-CP.
(vasep.com.vn) Vietnamese pangasius producer Vinh Hoan has won the top prize at the 2026 Seafood Excellence Asia Awards for its Cured Panga Croquette, highlighting the growing potential of value-added pangasius products in international markets.
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