China - Hong Kong
In the first 6 months of 2022, the total value of pangasius exports to China - Hong Kong market reached 427.6 million USD, up 107% over the same period last year. Previously, China's Zero Covid policy made it difficult for imported seafood products during the first four months, including the main supplying countries to this country such as Ecuador, India, Vietnam, and Russia, Norway, Indonesia and the Philippines.
However, recently, China decided to remove the policy of suspending the import of frozen food contaminated with Sars-COV-2 virus after nearly 2 years of implementation. It is forecasted that this will help Vietnam's frozen pangasius exports to this market grow further in the last quarters of the year.
The US
By the end of June 2022, the total value of pangasius exports to the US reached 356.4 million USD, up 111% over the same period last year, accounting for 25% of the total export value. However, in the past 2 months, the growth of pangasius exports to this market has begun to slow down. According to importers, the situation of seafood consumption in general, including pangasius in the US, has shown signs of slowing down. Inflation in the US is at a four-decade high. Essentials are getting more and more expensive. In June 2022, food prices increased by 10.4% year-on-year, which is the largest annual average increase since 1981. According to new data from IRI and 210 Analytics, the price of pangasius in the US is also increasing by about 22%. At chain stores and convenience stores, sales of frozen seafood were negatively affected by rising inflation, but not as seriously as fresh sales. The US seafood warehouse is still full. Therefore, it is possible that in the next quarter, pangasius exports to the US will grow lower than in previous quarters.
CPTPP
The third largest pangasius export market is the CPTPP countries. In the first 6 months of this year, the total export value of pangasius to this market bloc reached 180 million USD, up 66.3% over the same period last year, in which the Mexican market is worth-noticing. This is the largest import market in the bloc with a value of USD 62.4 million, up 68.5%. With this result, the export value of pangasius to Mexico has surpassed Thailand and Brazil (which are considered to be two more potential markets). Global price fluctuations due to the impact of the Russia-Ukraine conflict have been affecting the Mexican economy. The country's economy remains sluggish and has not recovered to pre-pandemic levels. This creates an opportunity for Vietnamese pangasius thanks to increasing demand for importing seafood products with reasonable prices and healthy nutrition of the Mexicans.
Compiled by My Hanh
(seafood.vasep.com.vn) Vietnam’s seafood exports in February 2026 reached approximately USD 707 million, up 8% compared to the same period last year. Cumulatively, exports in the first two months of 2026 totaled USD 1.7 billion, an increase of 20.2% year-on-year. The results show that the sector’s recovery momentum has remained relatively solid following strong growth in January, although the pace slowed noticeably in February for several key products and major markets. Within the overall picture, shrimp continues to be the largest pillar, pangasius rebounds strongly, while tuna exports and the U.S. and Korean markets are sending signals that warrant closer monitoring. In March, seafood exports are expected to gain additional momentum from markets other than the U.S., potentially supporting stronger growth.
(seafood.vasep.com.vn) In the first months of 2026, fishing activities in Quang Tri province recorded many positive signals, with output reaching over 15,941 tons. This result not only demonstrates fishermen’s efforts to stay offshore but also reflects the effectiveness of management and support measures implemented by local authorities.
(seafood.vasep.com.vn) In the first months of 2026, IUU prevention models focused on communication and mobilizing fishermen to comply with fisheries laws and avoid encroaching on foreign waters—related to combating illegal, unreported, and unregulated (IUU) fishing—have been implemented in coastal localities of Lam Dong province and have delivered initial positive results.
(seafood.vasep.com.vn) The sharp rise in raw pangasius prices to record levels is sending positive signals for the industry, but experts warn of potential supply–demand imbalances if production is not tightly controlled.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, the country’s total canned tuna export value in 2025 reached over USD 275 million, down 8% compared to 2024. Vietnamese canned tuna products were present in approximately 80 markets worldwide. However, the 2025 picture shows clear divergence: the U.S. maintained stability, the EU declined sharply, while several Middle East–North Africa (MENA) markets accelerated.
(seafood.vasep.com.vn) In 2025, Vietnam’s crab exports reached nearly USD 86 million, up almost 6% compared to 2024. A notable feature of 2025 was the strong market concentration in the United States, which accounted for more than 81% of Vietnam’s total crab export value, up 10% from the previous year. In contrast, exports to several Asian markets declined significantly, resulting in only modest overall growth for the year.
(seafood.vasep.com.vn) In 2025, Vietnam’s tilapia exports recorded impressive growth, with total export turnover reaching over USD 99 million, highlighting the increasingly important role of this product in the country’s seafood export structure. Of this total, tilapia fillets and other fish meat products accounted for USD 61 million, representing 61% of total export value and reaffirming their position as the key product category.
(seafood.vasep.com.vn) Shrimp seed quality is considered the “first link” and a decisive factor affecting the efficiency of the entire commercial shrimp production chain. High-quality seed directly influences survival rates, growth performance, and disease resistance, thereby determining production costs, productivity, and farmers’ profitability.
(seafood.vasep.com.vn) As part of its agricultural restructuring strategy toward sustainability, Quang Tri Province is gradually promoting environmentally friendly aquaculture models. Among these, organic-oriented golden pompano farming is considered a promising direction, aligned with the goals of enhancing production value and building sustainable rural areas.
(seafood.vasep.com.vn) The year 2025 marked a pivotal milestone for Vietnam’s seafood industry in its restructuring process toward sustainability, transparency, and higher value creation, amid continued uncertainties in the global economic and trade environment. Prolonged inflation in major economies, the rising trend of trade protectionism, and increasingly stringent requirements related to environmental standards, traceability, and social responsibility have posed significant challenges to seafood production and exports. Nevertheless, overcoming these pressures, Vietnam’s seafood sector has gradually demonstrated its adaptability, maintained growth momentum, and laid an important foundation for the next stage of development.
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