In the first half of 2026, Vietnam's shrimp exports faced numerous challenges, from price competition among leading shrimp producing and exporting countries to rising production costs and a sharp decline in the US market. Against this backdrop, lobster exports continued to be a bright spot, especially exports to the Chinese market.
According to the Vietnam Association of Seafood Processing and Export (VASEP), in the first five months of 2026, lobster exports to China reached over $506 million, an increase of 44.3% compared to the same period in 2025. Lobster accounted for more than 71% of the total shrimp export value to China in those five months.
The success of lobster exports to China in the first half of this year is largely based on the anticipated surge in growth in 2025.
In 2025, Vietnam's lobster exports to China achieved triple-digit growth, reaching a record high of $845 million. The Chinese market accounted for almost all of Vietnam's lobster export revenue to all markets ($858 million).
With this explosive growth, lobster has become the main driver helping Vietnam's shrimp exports to China and Hong Kong reach a record high of over $1.2 billion in 2025, a 55% increase compared to 2024. As a result, China continues to be the largest market for Vietnamese shrimp for two consecutive years (2024 and 2025).
With double-digit growth in the first five months of the year, China will continue to be the number one destination for Vietnamese lobster in 2025. Demand for seafood in China remains high, especially for fresh and premium seafood products, including lobster.
In China, lobster is consumed in restaurants, hotels, at banquets, or given as high-value gifts.
Currently, the main suppliers of lobster to China are Vietnam, Canada, the United States, Australia, New Zealand, Mexico, and others. Compared to other lobster exporting countries to China, Vietnam has a significant geographical advantage. Sharing a border with China allows for the faster and more flexible transportation of live lobsters from Vietnam to this market compared to other sources.
In particular, Vietnamese green lobsters, with their small to medium size and competitive price, can turn red during cooking, making them very suitable for the needs and tastes of Chinese consumers (who prefer red-colored food). This is also currently the main type of lobster exported to the Chinese market.
Lobster exports to China continue to grow at a high rate, playing a crucial role in maintaining double-digit growth in overall shrimp exports to this market. In the first five months of this year, shrimp exports to China and Hong Kong reached over $711 million, a 46% increase compared to the same period in 2015 and accounting for nearly 38% of the country's total shrimp export value.
According to Ms. Le Hang, Deputy General Secretary of VASEP, the demand for fresh seafood in the Chinese market is very high, especially for seafood such as lobster, clams, and abalone... Therefore, lobster exports to China in 2026 could reach 1 billion USD.
Despite facing fierce competition from other suppliers, Vietnam's lobster exports to China still have promising growth prospects in the coming period.
First of all, China's demand for lobster imports continues to trend upwards. In 2017, China's lobster import value was $1.2 billion, and by 2025 it is expected to reach nearly $3.9 billion. With this figure, China is the world's largest lobster import market and is leading the global lobster market.
A particularly noteworthy characteristic of the Chinese market is its preference for live lobsters over frozen or processed lobsters. This factor will continue to be a significant advantage for Vietnamese lobsters due to short shipping times, flexible supply of fresh products, and products that suit the tastes of the Chinese market.
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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