Cephalopod exports to China and Hong Kong in the fourth quarter of 2023 reached 27 million USD, an increase of 5% compared to 2022. After decreasing in the first two quarters of 2023, cephalopod exports to China and Hong Kong, began to recover in the first half of 2023.
In the fourth quarter of 2023, cephalopod exports to China only decreased slightly in December and grew by 4% and 13% in October and November, respectively. China's ban on seafood import from Japan, after Japan's nuclear wastewater discharged into the sea, pushed the market increase imports from other sources, including Vietnam. In addition, the demand for cephalopod in China increased in the fourth quarter to serve the consumption needs of the Mid-Autumn Festival and National Day in this country. It is expected that cephalopod exports to China in the first quarter of 2024 will continue to grow well.
Squid products continue to be Vietnam's main export product group to China and Hong Kong, accounting for 86%; octopus only accounts for 14% of total cephalopod exports to China. In 2023, octopus exports to China and Hong Kong grew by 17%, while squid exports decreased by 9%. The export value of live, fresh, and frozen squid increased by 57%. The export value of processed octopus and dried, salted, live, fresh, and frozen octopus increased by 30% and 14%, respectively.
China imports mainly from Vietnam products such as dried squid, dried cuttlefish, frozen cleaned whole cuttlefish, frozen sorted squid, frozen Tempura breaded squid, and white squid. frozen cut octopus, frozen cleaned whole octopus...
In 2023, the average export price of frozen octopus from Vietnam to China ranged from 2.3–5.3 USD/kg, and the average export price of frozen squid ranged from 1.9–3.6 USD/kg.
|
Top Vietnam cephalopod exporters to China in 2023 |
||
|
No |
Company |
Change (%) |
|
1 |
An Khang Thinh Development Investment Company Limited |
23.0 |
|
2 |
Gia Bao Seafood Service Trading Import Export Company Limited |
16.8 |
|
3 |
Bardo Food Development Company Limited |
9.3 |
|
4 |
Phu Nhuan Investment Construction Trading Service Company Limited |
7.3 |
|
5 |
Saigon Agricultural and Aquatic Products Import and Export Service Trading Company Limited |
6.6 |
|
6 |
Hoa Thanh Asia Company Limited |
5.4 |
|
7 |
Guaranteed Trading Company Limited |
5.1 |
|
8 |
Thinh Minh Hien One Member Company Limited |
4.9 |
|
9 |
South Asia Pacific Trading Service Company Limited |
4.0 |
|
10 |
Hong Chau Co., Ltd. |
1.5 |
|
(VASEP synthesis, data for reference) |
||
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
(vasep.com.vn) China’s shrimp imports continued to grow strongly in 2026, while Vietnam’s shrimp exports to the market also recorded notable growth. However, behind these positive figures lie two distinct trends: Chinese consumption is growing more slowly than imports, and lobster accounts for a substantial share of Vietnam’s shrimp exports to China, making its product mix significantly different from those of Ecuador and India. Exporters therefore need to assess each segment carefully to understand the opportunities and risks.
(vasep.com.vn) Changing markets, shifting buyer demand, and increasingly complex trade barriers are raising a key question for Vietnam’s seafood industry: Where will the new growth opportunities lie in 2027–2029?
(seafood.vasep.com.vn) As of the end of August 2026, Vietnam’s tilapia exports to the United States reached $21 million, representing a steep 48% year-over-year decline and accounting for 23% of the country's total tilapia export turnover. Frozen fillets accounted for 78% with the remainder consisting of whole frozen tilapia and frozen cuts.
(seafood.vasep.com.vn) After a volatile first half of the year, Vietnam’s pangasius exports to Brazil registered robust growth in July and August 2026. In August alone, export turnover reached $19 million, surging 73% compared to the same period in 2025. Cumulatively for the first eight months, total export value reached $124 million, reflecting an 8% year-over-year increase.
(seafood.vasep.com.vn) Besides modifying their boats, many fishermen in Dak Lak province are making efforts to venture out to sea to harvest seafood during the rough sea season.
(seafood.vasep.com.vn) At the Responsible Seafood Summit and TCRS Shrimp Summit 2026, organized by the GSA (Global Seafood Alliance) in Bangkok, Thailand, the conversation about the future of the shrimp industry began with one of its most important foundations: seedstock quality.
(seafood.vasep.com.vn) In the first eight months of 2026, Vietnam’s tuna exports to Lithuania surpassed $14 million, up 8% year on year. While the increase remains modest, it is notable given the continued pressure on Vietnamese tuna exports to the EU as a whole. More importantly, export turnover to Lithuania has shown a clearer recovery in recent months, making the market a destination worth monitoring for Vietnamese businesses in Europe.
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