By the end of the first quarter, the US still accounted for the highest proportion in the total shrimp exports of Vietnam with over 20%, reaching 134.6 million USD, up 16.5% over the same period last year. Japan ranked second with 126 million USD, accounting for 19%, but compared to the same period in 2020, it decreased 4%, due to a sharp decline in the first 2 months of the year, although exports to this market in March were equivalent to the same period last year.
Shrimp exports to the EU increased by 8% to 95 million USD, accounting for 14.5% of which exports to the main markets of the Netherlands, Germany and Belgium all grew 2 digits (up 10%, 16% and 10% respectively). These markets also increased strongly Vietnam shrimp imports in March: up 15%, 33% and 38% respectively. These three markets account for over 70% of Vietnam's shrimp exports to the EU.
The two markets Australia and the UK are accounting for a remarkable proportion in the total shrimp exports of Vietnam in the first 3 months of this year with 6.2% and 6.1%, worth $40.9 million and $40.4 million, increase 46% and 11.5% respectively over the same period in 2020.
In addition to the UK, shrimp consumption in Russia also increased sharply, making shrimp imports from Vietnam up 102% in the first quarter, reaching $11.2 million.
In the first quarter of 2021, whiteleg shrimp is still the most popular in the markets. In the context of the Covid epidemic, the consumption trend focuses on retail channels and supermarkets, so small shrimp suitable for home processing has more demand than large, high priced shrimp. Vannamei exports in the first quarter reached $ 507 million, up 15% over the same period last year, accounting for nearly 77% of shrimp export turnover. In which, processed whiteleg shrimp (HS code 16) gained a higher proportion with 263 million USD, up 22%, while frozen shrimp (HS 03 code) reached 243 million USD, up by 8%.
Meanwhile, black tiger shrimp exports continued to decline by 26%, reaching nearly 92 million USD and only accounting for 14% of shrimp exports. Japan, China and the US - the three largest markets, all sharply reduced the import of black tiger shrimp from Vietnam, down 24%, 30% and 41% respectively over the same period last year.
Export of marine shrimp accounted for 9.5% of the total export of shrimp, reaching US$ 62.7 million, down 3% over the same period last year. In which, the export of processed shrimp and frozen shrimp decreased by 8.7% and 10%, respectively. Meanwhile, the export of dried shrimp increased sharply by double compared to the same period last year.
In January 2025, Vietnam's shrimp exports to the UK reached over 16 million USD, an 8% increase compared to the same period last year. The UK is the sixth-largest individual market for Vietnam’s shrimp imports, accounting for 5.5% of the total shrimp exports to various markets. Shrimp also holds the largest share (70%) in Vietnam’s total seafood exports to the UK.
Nguyễn Đức Bình, vice director of Quảng Ngãi Province's Department of Agriculture and Rural Development, said that 4,259 out of 5,194 fishing boats (82 per cent) had registered for operations at sea.
(seafood.vasep.com.vn) The first two months of 2025 recorded positive signals in Vietnam's seafood export activities, with total revenue reaching USD 1.423 billion, growing 18.2% compared to the same period in 2024. In February 2025, the export value hit USD 655.197 million, showing an impressive growth of 42.6%.
(seafood.vasep.com.vn) Kiên Giang Province, home to over 13,000 fishing vessels, is intensifying efforts to combat illegal, unreported, and unregulated (IUU) fishing. Faced with challenges from offshore fishing, many vessels have shifted to near-shore fishing using destructive methods, severely damaging marine ecosystems.
(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
On February 26, 2025, VinFast and the Vietnam Association of Seafood Exporters and Producers (VASEP) signed a comprehensive cooperation agreement to strongly promote green transformation goals. The collaboration between the two parties will contribute to the realization of the country’s sustainable development goals and help elevate the Vietnamese brand on the international market.
(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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