In 2023, shrimp exports to Australia were in the general decline trend of shrimp exports to other markets. High inflation also negatively affects Australia, causing purchasing power to decline. In 2023, Vietnamese shrimp exports to Australia reached 233 million USD, down 14% compared to the previous year. The 14% decrease in shrimp exports to Australia is still lower than other main markets such as Japan, the EU, Korea, Canada, etc.
In 5 years (2019–2022), Vietnamese shrimp exports to Australia grew continuously from 127 million USD in 2019 to 272 million USD in 2022, with the proportion of Vietnam's total shrimp exports increasing from 3.7% in 2019 to 6.3% in 2022.
Promoting strengths in deep processing
White-legged shrimp account for the largest proportion of Vietnam's shrimp products exported to Australia, accounting for 95%; black tiger prawns account for a small proportion of 0.2%; and the rest are other types of shrimp, accounting for 4.8%. Of the total shrimp products exported to Australia, value-added processed shrimp (HS code 16) accounts for 40%. Processed shrimp products exported to this market mainly include shrimp dumplings, ginger shrimp dumplings, frozen white shrimp with fried breaded meat, and frozen white shrimp on skewers...
Although it is only the 5th largest shrimp consumption market in Vietnam, Australia is considered a potential market, especially when the demand for processed shrimp in this market is increasing. Meanwhile, the shrimp processing level of Vietnamese enterprises is constantly increasing, with new products becoming more and more abundant.
By focusing on promoting their strengths, enterprises will succeed in large consumer markets, including Australia. As shared by Mr. Le Van Quang, General Director of Minh Phu Seafood Group Joint Stock Company, "Shrimp processing and exporting enterprises are required to invest in more advanced technology to create more products. "Deep processing has a high value in conquering the international market." Or the opinion shared by Mr. Ho Quoc Luc, Chairman of the Board of Directors of Sao Ta Food Joint Stock Company "Thanks to the investment in modern technology, despite having to endure strong competitive pressure from cheap shrimp from Ecuador and India, Indonesian and Vietnamese shrimp can still stand firm, even accounting for the largest market share in the international market. Therefore, to maintain its export position and cope with the price difference of raw shrimp, the Vietnamese shrimp industry promotes its strengths in deep processing and diversifies deep-processed products to maintain market share."
Positive cooperation between the two countries will promote shrimp exports
Australia is the 13th largest economy in the world, with an import turnover of nearly 250 billion USD per year. Over the past time, Vietnam-Australia relations have continuously developed and been effective in all fields. In particular, economic and trade cooperation has made remarkable progress.
Australia is currently one of Vietnam's 7 largest trading partners; conversely, Vietnam is also Australia's 10th largest trading partner.
Vietnam and Australia are common members of at least three free trade agreements (FTAs), including the ASEAN-Australia-New Zealand FTA (AANZFTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and most recently the Regional Comprehensive Economic Partnership (RCEP).
Although the population is small, only 25.7 million people, this is a potential market because people are willing to pay high prices for quality products and are open to imported goods.
Although there are many advantages, Australia is also a demanding market with a system of strict standards for imported goods. In addition, geographical distance leads to high logistics costs and long shipping times, which are also challenges for Vietnamese seafood businesses when exporting to this market. Therefore, businesses must be proactive in exploiting and developing markets and have long-term business plans to promote exporting goods to the Australian market.
On the occasion of the Special Summit commemorating 50 years of ASEAN-Australia relations and Prime Minister Pham Minh Chinh's visit to Australia in the early days of March, the two Prime Ministers of the two countries agreed to upgrade the relationship between ASEAN and Australia. Vietnam-Australia's relationship to the Comprehensive Strategic Partnership is equivalent to the relationship between Vietnam and the US, Japan, Russia, India, and China. The two sides will promote market access measures and facilitate trade for both countries in the fields of agriculture and fisheries.
Also within the framework of this summit, Australia announced a plan to increase investment in Southeast Asia, spending 1.3 billion USD to promote trade in this region with a rising economy.
With positive information on the cooperative relationship between the two sides, the economic situation is gradually improving, and it is expected that shrimp exports to the Australian market in 2024 will achieve positive results.
(seafood.vasep.com.vn) In March 2026, Vietnam’s tilapia exports recorded strong growth, reaching USD 15 million, up 109% compared to the same period in 2025. Cumulatively, in the first three months of 2026, export value reached USD 38 million, an increase of 174% year-on-year. This result highlights the sector’s robust expansion and reflects rapid growth across multiple markets.
(seafood.vasep.com.vn) In March 2026, Vietnam’s pangasius export value reached USD 182 million, up 1% compared to the same period in 2025. Cumulatively, exports in the first three months of 2026 totaled USD 514 million, an increase of 17% year-on-year, indicating that the growth momentum is being maintained despite signs of slowdown in some markets during March.
(seafood.vasep.com.vn) During peak heat periods, farmers raising pangasius, tilapia, and other freshwater fish in Dong Thap are implementing various technical measures to reduce risks and maintain stable production.
(seafood.vasep.com.vn) Japan continues to be one of Vietnam’s most important and stable shrimp markets. In recent years, shrimp exports to this market have fluctuated in line with Japan’s broader economic and consumption cycles, yet Japan remains a major, high-value destination with stringent standards.
(seafood.vasep.com.vn) In 2025, Vietnam’s tuna exports to Spain increased by 13% compared to 2024. This growth trend has continued into the first two months of 2026. According to Vietnam Customs statistics, export turnover to this market reached nearly USD 3 million in January–February 2026, up 101% year-on-year and significantly higher than the same period in 2024. This development indicates that Spain is once again becoming a notable destination for Vietnamese tuna amid strong demand for tuna raw materials and products in Europe.
(seafood.vasep.com.vn) The 2026 brackish water shrimp farming season in the Mekong Delta has started earlier than usual, mainly driven by positive market signals, as shrimp prices in 2025 remained high and supply was limited. Many enterprises and farms in Cần Thơ, Cà Mau, and Vĩnh Long have proactively stocked early to seize opportunities. By early 2026, stocking areas in many localities had reached a high proportion of planned targets, with intensive and high-tech farming models expanding rapidly.
(vasep.com.vn) Vietnam’s tilapia exports to the United States recorded remarkable growth in 2025, opening up major opportunities while also presenting considerable challenges. The U.S. remains the largest importer of Vietnamese tilapia fillets, with export turnover reaching USD 40 million—an increase of up to 499% compared to 2024. This impressive growth reflects strong demand in the U.S. market, as supply from competing countries such as China has been constrained by tariffs and rising production costs.
(seafood.vasep.com.vn) Pangasius remains a strategic export commodity in Vietnam’s seafood sector. Entering 2026, the industry faces a strong need to transition from volume-based growth to a value-driven development model, with a focus on quality, food safety, and sustainability.
(seafood.vasep.com.vn) Following damage caused by Storm No. 13 in late 2025, brackish water shrimp farming in Gia Lai is being rapidly restored. In key farming areas such as Tuy Phước and Tuy Phước Đông, farmers are focusing on rehabilitating ponds, repairing infrastructure, and treating the environment in preparation for the 2026 crop.
(seafood.vasep.com) Facing the decline in fishery resources, Vietnam is accelerating livelihood transitions for fishermen to reduce fishing pressure and move toward sustainable development. Marine fish stocks have dropped significantly from 4.82 million tons in 2000–2005 to 3.95 million tons in 2016–2020.
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