Top 8 markets accounted for 96% of total exports. Top 8 markets included the US, the EU, Japan, China and Hong Kong, ASEAN, Australia, Taiwan and Canada.
Except for the EU and Canada, exports to all markets rose.
The US
Accounting for nearly 47% of total export value, the US has maintained its position as Vietnam's largest crab importing market. In the first 7 months of this year, Vietnam earned US$ 30 million from crab exports to this market, up 1.7% over the same period last year.
According to the ITC, from Januray to May, the US crab imports declined in both volume and value. Imports from ASEAN accounted for 37.7% of total crab imported into the US, reporting a 31.4% increase from the same period in 2014.
Vietnam is the 6th biggest crab supplier to the US and the third biggest among ASEAN nations to export crab to the market, just after Indonesia and the Philippines.
Crab from Vietnam occupied 4.3% of total US crab imports and 11.5% of US crab imports from ASEAN.
Japan
Japan has surpassed to be the 2nd biggest crab market for Vietnam. According to the ITC, Japan sourced crab from 23 countries, down 23% in volume and down 29% in value. In the first 7 months of the year, crab exports of Vietnam crabs to this market still get higher, reaching US$ 10.7 million, up 28.7%.
Vietnam is among top 7 crab suppliers to Japan.
EU
The EU is now the third biggest market. In the first 7 months of this year, bringing nearly US$ 10.5 million to Vietnamese exporters, down 12% yoy. According to the ITC, the EU crab imports declined 16.7% yoy. Vietnam continues to be the 2nd largest source, just after the UK.
The depreciation of the EUR against the USD discouraged imports in Europe. Greece became the first developed country to default on its international obligations, therefore, demand from the market is likely to decrease.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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