Exports to the US, EU, and Korea reversed
In April this year, Vietnam's shrimp exports saw a change in import trends in the main markets. If in previous months, exports to the US and China and Hong Kong recorded strong growth rates, in April this year, exports to the US decreased and to China and Hong Kong only increased slightly.
Exports to the Korean market increased slightly again after decreasing in the previous two months. After 2 months of deep decline, exports to the EU market recovered growth in April. The EU is the main market, recording the best growth in April this year.
Shrimp exports to the US in April 2024 decreased by 15% after still growing slightly in March. In the first 4 months of this year, Vietnamese shrimp exports to the US reached 168 million USD, up 5% over the same period.
Shrimp imports into the US from supply sources in the first quarter of this year recorded an increase in volume and a slight decrease in value. In March of this year, the US again skyrocketed shrimp imports from Ecuador, with an increase of 25% and 24% in volume and value, respectively. This may cause the US to reduce imports from other sources.
Vietnam's shrimp industry is in the "suspense" stage due to information related to countervailing duties. Currently, the US is considering recognizing Vietnam as a market economy, hoping to achieve positive results that will help remove countervailing duties barriers and relieve the burden on Vietnamese shrimp exporters that go to America.
Vietnamese shrimp exports to China and Hong Kong markets increased by 1.7% to 64 million USD in April this year. Accumulated in the first 4 months of the year, shrimp export turnover to this market reached 192 million USD, an increase of 41%. Shrimp exports to Korea also recorded a slight increase of 4% in April this year, and the turnover in the first 4 months of this year to this market reached 95 million USD, down 10%.
EU was the bright spot in April
Shrimp exports to the EU reached 38 million USD in April this year, up 28% over the same period. Accumulated in 4 months, the export value reached 119 million USD, almost equivalent to the same period last year.
In April, shrimp exports to the EU were quite exciting. Export value to the main single markets in the bloc all grew by double digits. Exports to Germany, the Netherlands, and Belgium increased by 29%, 37%, and 39%, respectively; exports to Denmark increased sharply by 88%.
The Global Seafood Exhibition 2024 takes place in Spain in April with the participation of many Vietnamese shrimp exporters. Here, fresh value-added shrimp products from Vietnam were promoted to European consumers and imports. Instant shrimp products are processed by businesses into many rich and diverse dishes and invited to enjoy right at the booths.
Vietnam's shrimp exports in the first 4 months of the year recorded an increase of 10% over the same period, a sign that inventories in markets have reduced. However, actual consumer demand has not yet shown a clear recovery. In the context of still facing many challenges, Vietnam's shrimp industry should promote the production of value-added products, focusing more on the farming stage to increase productivity, reduce costs, and increase competitiveness to increase export turnover. this year.
(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.com.vn) China’s shrimp imports continued to grow strongly in 2026, while Vietnam’s shrimp exports to the market also recorded notable growth. However, behind these positive figures lie two distinct trends: Chinese consumption is growing more slowly than imports, and lobster accounts for a substantial share of Vietnam’s shrimp exports to China, making its product mix significantly different from those of Ecuador and India. Exporters therefore need to assess each segment carefully to understand the opportunities and risks.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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