CPTPP markets
By the end of February 2021, the total value of shrimp exports to this market block reached US$ 128.8 million, up by 4.1% over the same period last year. In which, exports to Japan decreased by 7.1%, but exports to Australia increased sharply by nearly 51%; to Canada and Singapore raised up 1.5% and 3% respectively over the same period last year.
In 2020, due to the influence of Covid-19, Japan's shrimp imports fell sharply, especially tiger shrimp products. The value of Japanese shrimp imports from the three largest sources of Thailand, Vietnam and Indonesia also decreased or leveled off. This also had a significant impact on shrimp imports in the first 3 months of this year.
US and EU markets
In the first two months of 2021, the total value of shrimp exports to the US reached 73 million USD, down by 1.4% and to the EU reached 52.3 million USD, down by 3.6% over the same period last year. Earlier this year, falling prices in global shrimp was also a reason for the drop in export value to the US and EU. According to many large shrimp importers, the demand for processed shrimp products in American restaurants has started to increase again, so many Indian and Indonesian processed shrimp exporters have started to take advantage of the opportunity to send this product to America. Vietnamese frozen shrimp is also competing well in this market. However, after the service industry has rebounded in the US and EU, it is forecasted that retail consumption will decrease, maybe in the near future there will be a shortage of shrimp products in the US, EU or UK, then shrimp imports will increase.
Russia
In the first two months of this year, Russia was the remarkable market as Vietnam's shrimp export value to this market increased by 107.4% over the same period last year, reaching $5.3 million. Although compared to other major export markets, this value is still modest, but this breakthrough growth is also a suggestion for businesses who want to change their market.
It can be seen that in the first two months of 2021, Vietnam's shrimp export value to many major markets decreased compared to the same period last year. However, reviewing the demands and the economic situation of major markets that are recovering, shrimp exporting enterprises can completely believe that Vietnam shrimp exports in the upcoming time will grow again positively.
(seafood.vasep.com.vn) In the first three months of 2026, Vietnam’s exports of fish cake and surimi reached USD 63 million, down 5% compared to the same period last year. Although total export value declined slightly due to decreases in some key markets, many other destinations continued to post strong growth, opening up room for this convenience-oriented processed segment in the coming quarters.
(seafood.vasep.com.vn) Favorable weather conditions in the early months of 2026 have brought encouraging signs for fisheries activities in Quang Tri. Output has grown steadily, contributing to improved livelihoods for local residents.
Entering 2026, Vietnam’s seafood industry is facing a period of both high expectations and mounting pressures. Following the positive recovery in 2025, production and export activities in Q1/2026 demonstrated the strong adaptability of Vietnam’s seafood business community amid continued global trade volatility, intensifying international competition, and increasingly stringent compliance requirements in import markets.
(vasep.com.vn) In the first quarter of 2026, Vietnam’s shrimp exports reached USD 1.069 billion, up 17.5% compared to the same period in 2025. This is a positive result amid an uneven global shrimp market recovery, intensifying competition among major suppliers, and continued volatility in the international trade environment. However, this growth does not reflect a broad-based recovery across the entire sector, but rather is driven mainly by strong performance in a few markets and specific product segments—most notably lobster exports to China.
(seafood.vasep.com.vn) Vietnam’s tuna exports continued to decline in March 2026. Cumulatively, in the first three months of the year, export value reached USD 208 million, down 4% compared to the same period in 2025. The export landscape shows clear divergence across markets: while the U.S. and EU remain challenging, markets such as Russia, the Middle East, Egypt, the Philippines, and Mexico have emerged as growth bright spots.
(seafood.vasep.com.vn) In Quang Ngai Province, shrimp farming costs are rising sharply due to लगातार increases in feed, fuel, and input material prices, while farm-gate shrimp prices are declining. This has significantly reduced farmers’ profit margins and increased production risks.
(seafood.vasep.com.vn) Vietnam’s tilapia exports are experiencing impressive growth, reflecting expanding global demand as well as the sector’s development potential. However, behind the strong growth figures lie limitations in production capacity and supply chains, highlighting the need for sustainable development in the coming period.
(seafood.vasep.com.vn) Vietnam’s pangasius exports to the Middle East in 2025 and early 2026 have shown notable growth. However, escalating geopolitical tensions in the region have increasingly impacted export activities since March. This situation presents a challenge of balancing market expansion opportunities with rising trade risks.
(seafood.vasep.com.vn) The Quang Tri Department of Agriculture and Environment has instructed localities to base their stocking schedules on actual conditions in each farming area, while developing plans, allocating resources, and implementing synchronized measures for disease prevention and disaster risk management in aquaculture production.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s exports of fish cakes and surimi exceeded USD 45 million, up 7% compared to the same period in 2025, indicating a positive outlook for this product segment amid recovering demand in many markets.
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