Vietnam shrimp exports in February 2022 reached 244.8 million USD, up 55% compared to February 2021. Shrimp exports in February decreased from that in January, as it was around the Lunar New Year period. In the first 2 months of the year, Vietnam shrimp exports reached nearly 558 million USD, up 48% year-on-year. Shrimp exports in January and February had a remarkable growth compared to the same period in previous years.
In the structure of Vietnam's shrimp exports in the first two months of this year, exports of white leg shrimp and black tiger shrimp grew by double digits, at 49% and 54% respectively. Exports decreased only for some marine shrimps. Export of processed shrimp (HS code 16) witnessed the strongest growth of 119%.
The US continues to be Vietnam's largest single shrimp import market, accounting for 21% of the country's total shrimp export turnover. Shrimp exports to the US continued to maintain the growth momentum of 2021. In the first two months of this year, shrimp exports to the US reached 117.5 million USD, up 61% over the same period last year. As the US market reopened after Covid-19, the demand for seafood imports, including shrimp, continued to rebound. Vietnam is still the fourth largest shrimp supplier in the US market after India, Ecuador, and Indonesia.
After a sharp decline of 22% in 2021, there have been signs of recovery for exports to China in the first 2 months of this year. In February 2022, Vietnam's shrimp exports to China reached 21.3 million USD, up 41% compared to February 2021. In the first 2 months of this year, exports to this market reached 39.7 million USD, up 14% over the same period last year.
China is one of the world's largest shrimp-consuming markets with huge food service channels. China's shrimp imports are forecasted to increase sharply in 2022. However, China's regulations and barriers are still strict, especially given the time when China's customs authorities are tightening supervision of imported food products during the COVID-19 pandemic. Enterprises exporting to this market need to ensure the control and prevention of Covid-19 during the production and export of shrimp to China.
It is forecasted that shrimp exports will continue to grow by about 40% in March 2022 thanks to strong market demand. Full-year exports are expected to reach more than 4 billion USD, up 3% compared to 2021.
However, the price of gasoline and oil has increased to a record high in recent years, causing transportation costs to increase, greatly affecting production costs and profits of enterprises. In addition, enterprises still have to face many difficulties such as the high cost of input materials for production, international shipping fees continuing to increase, increasing production costs, and dwindling competitiveness compared to competing countries such as India, Ecuador, Indonesia...
In 2022, the US, EU, and Japan will still be the main export markets for Vietnam's shrimp. Besides, focus on other potential markets such as Canada, Australia, the UK, etc. Russian market will be interrupted due to the risks of payment and transportation and it will be difficult to recover in a short time.
The war between Russia and Ukraine has more or less affected shrimp exports to Russia and Ukraine, although these two markets only account for a very small proportion of Vietnam's total shrimp exports: Russia accounted for 1%, Ukraine accounted for 0.03%. However, this conflict will increase gasoline prices and lead to a series of other input cost increases, affecting prices and profits of processing and exporting companies.
Compiled by Minh Trang
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(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.
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