Shrimp exports decreased in the context of technical barriers from importing markets increased, demand for shrimps in the world market decreased due to high inventory. Besides, the supply of raw shrimp was limited, the price of raw shrimp increased, causing factories to lack raw materials for production.
Compared to Feb 2016, the proportion of white shrimp for exports increased (accounting for 63% of total shrimp exports) while the proportion of black tiger shrimp exports decreased (28%), the proportion of marine shrimp increased (9%). Frozen/live/frozen white shrimp (HS 03) reached the highest value of US$129.3 million; Processed white shrimp (HS 16) ranked the second with US$109.1 million USD.
Top 10 main markets included Japan, the EU, the US, China, South Korea, Canada, Australia, ASEAN, Taiwan and Switzerland, accounting for 95.4% of Vietnam shrimp exports.
In February 2017, Vietnam shrimp export value to the US and China decreased by 25% and 8.6%, respectively. In contrast, Japan, the EU, Korea and Canada were prominent markets with good growth. In particular, exports to Japan grew at best 33.6%, South Korea (+ 18.8%); EU (+ 16,2%); Canada (+ 16,6%).
In the first two months of 2017, Japan rose to the top position on shrimp import of Vietnam, accounting for 21.4%. EU ranked second with 19.5%. The US dropped to the third position, accounting for only 18.6% of total shrimp exports of Vietnam.
EU and Japan
In the first two months of 2017, the EU and Japan were two markets showing positive signs of recovery in shrimp imports from Vietnam.
Shrimp exports to Japan began to recover from August 2016 and continued to grow until February this year. If in 2016, shrimp exports to Japan increased only 2.7%, in the first two months of this year, the growth rate reached 33.6% (the highest growth rate in the top shrimp importing markets of Vietnam) with an export value of US$81 million.
Thanks to the competitive export price and agricultural cooperation programs promoting between Vietnam and Japan, exporting shrimp to this market will continue to increase.
In 2016, after slump in the first half of the year, shrimp exports to the EU maintained growth in all months of the second half of the year. Remaining the growth of 2016, exporting shrimp to this market in the first two months of this year increased 16.2% to US$73.7 million.
In the three largest single markets in the block, exports to the UK and the Netherlands grew by 4.3% and 127.1%, respectively, while exports to Germany decreased by 11.5%.
Although not sharply increased, exporting shrimp to the EU in the coming months is forecasted to increase more than 10%.
The US
In 2016, shrimp exports to the US grew well in the first three quarters. Exports have tended to fall in the last quarter of 2016. In the first two months of 2017, shrimp exports to this market reached US$70.4 million; a decrease of 25% compared to the same period of 2016.
After the decline at the beginning of the year, demand for shrimps from the markets will inch up. With the growth momentum of imports from Japan, EU, Korea; Vietnam shrimp exports in March 2017 is expected to slightly increase over the same period in 2016.
By Kim Thu
(seafood.vasep.com.vn) Nearly US$1.7 billion is the projected gap in 2029 between the baseline scenario and a scenario in which Vietnam’s seafood exports grow by 10% annually, according to calculations by VASEP to be presented at Vietnam Seafood Summit 2026. This gap raises a key question for the entire industry: Which markets, products and supply chain improvements will generate the additional growth?
(seafood.vasep.com.vn) Although Germany’s tuna imports have declined, Vietnam’s tuna exports to the market continue to show positive signs. Notably, export value recovered strongly in Q3/2026, and German import data also show Vietnamese products strengthening their position amid competition among suppliers.
(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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