Export volumes of cod, particularly to the EU, were hit hard in the third quarter. When exports picked up in the fourth quarter, the price of frozen whole cod around 30 percent lower than last year, says market analyst Ove Johansen.
Export values of frozen cod dropped to NOK 3.4 billion (€460.6 million/$609.6 million) in 2012, a fall of NOK 276.2 million (€37.4 million/$49.5 million) from 2011. Exports to China, Norway's the biggest importer of frozen groundfish, was reduced by NOK 144 million (€19.5 million/$25.8 million) to NOK 1.1 billion (€149 million/$197.2 million) in 2012.
Value of cod falls
Export value of fresh cod fell to NOK 1.54 billion (€208.6 million/$276.1 million) in 2012, a decrease of NOK 147.5 million (€20 million/$26.4 million) from 2011.
Fresh whole cod volume inched up by 2,388 metric tons to 24,032 metric tons, but fresh whole cod value dropped by 11 percent to NOK 536.5 million (€72.7 million/$96.2 million).
Exports of fresh fillets reached NOK 421 million (€57 million/$75.5 million) in 2012, a fall of 12 percent from 2011.
Total salted cod exports fell by 20 percent year-on-year to NOK 824 million (€111.6 million/$147.7 million). Salted cod export volume dropped by 3,857 metric tons to reach 22 399 metric tons, and prices fell by 9 percent compared with 2011.
Portugal was the largest market for salted fish with NOK 472.8 million (€64.1 million/$84.8 million) in export value, down 147 million from 2011.
Large reduction of cod aquaculture
Total exports of farmed whitefish products from aquaculture was NOK 196.2 million (€26.6 million/$35.2 million), a fall of NOK135.7 million from 2011. Farmed cod accounted for most of the decrease, and fell by NOK 111.5 million (€15.1 million/$20 million) to reach NOK 122.3 million (€16.6 million/$21.9 million).
(seafood.vasep.com.vn) The year 2025 marks the 30th anniversary of the normalization of diplomatic relations between Vietnam and the United States (1995–2025). In parallel with the nation's progress in international economic integration, bilateral seafood trade has followed a remarkably impressive growth trajectory, expanding from an initial scale of just tens of millions of US dollars to nearly $2 billion annually. This growth has positioned the United States as Vietnam’s largest seafood export market for many consecutive years.
(seafood.vasep.com.vn) On December 12, 2025, the Vietnam Association of Seafood Processing and Export (VASEP) issued document 231/CV-VASEP regarding strengthening measures to combat IUU fishing and working with the Government to lift the EC's IUU yellow card warning.
(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
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