Exports of all main product lines decreased deeply by 30-60% over the same period. In which, pangasius exports fell the most by 61%, shrimp fell by 55%, tuna fell by 43%, squid and octopus by 32%.
Exports to key markets all dropped sharply by 30-66%. In which, exports to the US decreased the most by 66%, China decreased by 54%, the EU decreased by 48%, Japan decreased by 32%, South Korea decreased by 29%.
Economic and political fluctuations, commodity and food inflation continue to affect consumer demand as well as business plans in markets, especially large markets of Vietnamese seafood such as the US, EU, Japan, China.
In 2023, global inflation is forecast to decrease, but it is still the biggest risk for importers and a burden for consumers, especially low-income households.
The return of the Chinese market will bring a great opportunity for Vietnamese exporters. But China's consumption and imports of goods can also cause drastic fluctuations in the world energy, financial and currency markets. It is possible that many banks in large countries will increase interest rates, affecting importers.
However, Vietnamese seafood exporters are always dynamic and flexible, they always know how to overcome difficult conditions from the market, as well as the supply of raw materials. In the modest export picture of the first month of 2023, there have been notable changes.
While exports to large markets fell sharply because of small orders, exports to small markets, niche markets recorded breakthroughs in sales. For example, exports to Israel increased by 17%, to Indonesia increased by 8%, to Cameroon by 15%, to Laos by 21%, to Chile by 7%.
Even within the EU, most of the member countries have reduced imports of Vietnamese seafood by 30-60%, but there is still an impressive market with an increase of 435% like Finland. Exports to Poland also decreased slightly by 1%, Cyprus decreased by 5%.
Export products have also been diversified and there are still many species that have been strongly imported by markets in the past month. While shrimp exports in general decreased, baby shrimp exports increased by 18%, scad exports increased by 81%, cobia increased by 44%, hoki fish increased by 147%, croaker fish increased by 493%, drifted fish increased by 167%, oysters increased by 11%, snails increased by 107%.
While exports to large markets fell sharply because of small orders, exports to small markets, niche markets recorded breakthroughs in sales
Inflation is a challenge but also an opportunity for many affordable seafood species for low-income consumers. It is important that businesses grasp the changes of markets to adapt and have appropriate strategies.
From the last quarter of 2022, many businesses faced difficulties because of reduced orders, or no orders. However, 700 units still participated in seafood exports in January. The leading shrimp and pangasius enterprises all experienced a decrease of 40-70% in export sales compared to the same period last year. Some enterprises still had positive growth in January such as Trung Son Long An Food Export JSC up 4%, TRUNG SON HUNG YEN FOODSTUFF CORPORATION down slightly by 3%, Viet Cuong Company up 51%, Mariso Vietnam up 21%.
In the first quarter of 2023, seafood exports may still be about 15-20% lower than the same period last year. After the international seafood fairs in March and April, along with the adaptation and boom of the Chinese market as well as the strategic adjustment of Vietnamese seafood enterprises, it is hoped that exports will gradually recover in the second quarter.
Compiled by Thuy Linh
(seafood.vasep.com.vn) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.
(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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