In the structure of exported cephalopod, squid and cuttlefish account for 57% of export value, reaching 35 million USD; Octopus accounted for 43% reaching 27 million USD.
Cephalopod exports to the largest import market, South Korea, increased by 67% to 26 million USD. Japan's nuclear waste water discharge reduced Korea's demand for seafood imports from Japan. Korea did not issue a ban on importing seafood from Japan but increased inspection of goods from Japan. Besides, China is the largest supplier of cephalopod to Korea. China's ban on seafood imports from Japan also caused the supply of cephalopod from China to markets such as Korea to decrease due to a shortage of processing materials. It is expected that Vietnam's cephalopod exports to Korea will continue to grow positively in the first quarter of 2024 when the ban on importing Japanese seafood into China has not yet been lifted.
According to data from the World Trade Center (ITC), in January this year, Korea's imports of cephalopod from supply sources also recorded an increase of 5%, reaching 91 million USD. Vietnam is the second largest supplier of cephalopod to Korea, after China.
Cephalopod exports to Japan (Vietnam's second largest cephalopod import market) recorded a lower growth rate than the Korean market, increasing by 19% to reach 13 million USD. The nuclear waste water discharge has a negative impact on Japan's overall seafood import and export. After the nuclear wastewater discharge, Japan's imports of cephalopod from Vietnam decreased significantly.
China & HK are the third largest import markets for cephalopod in Vietnam. Cephalopod exports to this market in January this year grew impressively by 3 digits with 151% reaching 7 million USD. China's ban on seafood imports from Japan after Japan's nuclear waste water discharge into the sea has caused China to increase imports from other sources, including Vietnam. In addition, this market increased imports of cephalopod from Vietnam in January this year to serve the consumption needs of the Lunar New Year.
Contrary to the growth trend of exports to other markets, Vietnam's cephalopod exports to the EU in January this year still could not escape negative growth. The EU is also the only market among the main markets importing cephalopod from Vietnam, recording negative growth. Vietnam's cephalopod exports to this market decreased by 17% to nearly 4 million USD in the first month of this year. Exporting cephalopod to the EU is still affected by the IUU yellow card, many new regulations, procedures for making certification and certification for export to this market are still inadequate, and people tend to tighten spending. due to inflation.
Cephalopod export enterprises continue to face many difficulties in raw material sources, increased input costs for production, and weak consumption demand. Geopolitical conflicts in the world and Red Sea tensions continue to be challenges for Vietnam's cephalopod exports in 2024. The world economy has bottomed out with expectations of recovery this year. , Vietnam's cephalopod exports in 2024 are expected to reach about 700 million USD, an increase of 6% compared to 2023.
(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.
(seafood.vasep.com.vn) Vietnam’s squid and octopus exports exceeded $527 million in the first eight months of 2026, marking a 15% year-on-year increase. This growth is particularly notable given the strong baseline established in 2025, when export turnover for the same period reached $458 million, a 13% rise from 2024.
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