Following a strong surge in October, the Chinese market maintained steady growth momentum in November. Pangasius export turnover to China reached nearly $59 million, a 17% increase over the same period in 2024. As the largest monthly contributor, China continued to play a leading role in Viet Nam’s pangasius export earnings.
Pangasius exports to the United States totaled $20 million in November, down 23% year-on-year. The decline was largely attributed to the impact of a 20% reciprocal tariff, which has weakened the price competitiveness of Vietnamese pangasius in the US market. The downward trend has persisted since August, showed no signs of reversal in November.
Exports to the European Union (EU) reached $12 million in November, plummeting by 25% compared to the previous year. The contraction was mainly driven by two key markets - the Netherlands (down 18%) and Germany (down 20%). Nevertheless, several other EU markets recorded modest growth, suggested latent development potential for Vietnamese products within the bloc
Within the CPTPP bloc, exports to the UK amounted to $5 million, down slightly by 4% compared with last year. The narrower decline compared to the previous two months is viewed as an initial recovery signal following a period of deep contraction. Mexico remained a bright spot with export turnover surging to $8 million, equivalent to a 50% increase. Meanwhile, Japan and Malaysia maintained stable growth with a modest 2% rise, reflecting positive demand trends and expansion possibilities in these territories.
Export turnover to Brazil reached $15 million in November, up 13% year-on-year. Cumulatively for the first 11 months of 2025, robust growth was recorded in Thailand (+24%), Egypt (+33%) and Russia (+45%) compared with the same period last year. Despite their strong growth rates, the contribution of these markets to the total pangasius export structure remains relatively modest. Consequently, enterprises need to intensify trade promotion activities to deepen market penetrationand expand product segments in these high-potential destinations.
From January to November 2025, pangasius fillet exports (HS0304) generated more than $1.6 billion in revenue, up 11% year-on-year and continued to represent the largest category in the export structure. Exports of frozen, dried, whole pangasius and fish maws (HS03, excluding HS0304) reached nearly $348 million, remaining flat against the previous year. Meanwhile, processed pangasius products (HS16) recorded $48 million, marking a 13% increase compared with 2024.
Export data indicate robust growth momentum in the Chinese market; however, the deep contraction in the U.S and EU has elevated China’s share to 30% of the total pangasius export structure. In contrast, Brazil and several CPTPP markets posted strong growth but still possess significant headroom for development.
Looking ahead to 2026, the 20% reciprocal tariff in the U.S market is expected to continue exerting adverse effects, dampening the competitiveness of Vietnamese pangasius products. This underscores the need for exporters to proactively diversify into alternative markets, broaden their product portfolios and place greater emphasis on value-added and deeply processed products. At the same time, obtaining internationally recognized sustainability certifications will become increasingly critical to strengthening the Vietnamese pangasius brand and reinforcing its competitive edge amid intensifying price competition.
(seafood.vasep.com.vn) Egypt is emerging as one of the most promising destinations for Vietnamese tuna exports in 2026. During the first four months of the year, export turnover to this market exceeded USD 7.3 million, marking a sharp increase compared to the same period over the previous two years. As Egypt’s tuna imports continue to recover and demand for canned tuna remains strong, the market is becoming increasingly attractive for Vietnamese tuna processors and exporters.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s pangasius exports to CPTPP member countries reached nearly USD 128 million, accounting for 18% of the country’s total pangasius export value and increasing by 21% compared to the same period in 2025. Demand patterns varied significantly across the bloc: Mexico primarily imported fresh and frozen pangasius products, while Japan and Canada recorded substantial shares of processed products. Australia remained focused on frozen fillets but continued to maintain a portion of processed imports.
(seafood.vasep.com.vn) Despite the slow recovery of the U.S. market and continued trade-related challenges facing Vietnam’s shrimp industry, Minh Phu Seafood Corporation (MPC) has set ambitious targets for 2026. The company aims to produce 68,800 metric tons of finished shrimp products, generate consolidated revenue of VND 19.9 trillion, and achieve VND 1.059 trillion in pre-tax profit. If achieved, these figures would represent the highest revenue and profit levels in the company’s history.
(seafood.vasep.com.vn) HungHau Foods Joint Stock Company (HungHau Foods) has been honored at the 33rd Asia-Pacific Economic Forum, receiving two prestigious awards: “Top 10 Outstanding Asia-Pacific Enterprises 2026” and “Top 10 Outstanding Entrepreneurs” awarded to HungHau Foods CEO, Ms. Nguyen Yen.
(seafood.vasep.com.vn) After a period of sluggish imports in 2025, the Chinese market has returned with strong shrimp purchasing momentum in the first months of 2026. However, alongside rising demand comes an increasingly stringent import control system, covering quarantine requirements, food safety standards, registration procedures, and traceability. This makes China a market that offers both significant opportunities and growing risks for Vietnamese shrimp exporters.
(seafood.vasep.com.vn) Recently, in Long Xuyen City, An Giang Province, the Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD) and the University of Economics Ho Chi Minh City (UEH) organized a workshop to announce the results of the project “Food Loss Assessment in the Pangasius Value Chain in the Mekong River Region.” The project aims to provide scientific evidence to support the sustainable development of Vietnam’s pangasius industry.
(seafood.vasep.com.vn) Shrimp prices in Vietnam’s Mekong Delta have recovered since early May, helping to improve farmers’ confidence and accelerate stocking activities for the 2026 farming season. However, farmers remain cautious due to rising input costs, unfavorable weather conditions, and disease risks.
(seafood.vasep.com.vn) On May 27, the Vietnam Trade Office in India, in collaboration with trade promotion agencies, industry associations, and businesses from both countries, organized the online seminar “Vietnam–India Seafood Trade Forum and Supply-Demand Connectivity 2026.” The event aimed to promote trade cooperation, investment, and seafood supply chain connectivity between Vietnam and India amid the ongoing restructuring of global markets.
(seafood.vasep.com.vn) In recent years, Ninh Binh Province has intensified the application of science and technology in aquaculture in order to improve productivity, product quality, and economic efficiency.
(seafood.vasep.com.vn) In the first four months of 2026, Vietnam’s tilapia exports reached USD 49 million, up 151% compared to the same period in 2025. This figure reflects an emerging export sector that is taking advantage of market gaps created by global trade disruptions, while larger producers are adjusting their strategies.
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