South Korea expected to raise importing Vietnam shrimp

News 12:21 20/05/2016
(seafood.vasep.com.vn) In QI/2016, Vietnam’s shrimp exports to South Korea reached US$47.2 million; down 8% compared to the same period of 2015. In each month of QI/2016, shrimp exports to the market in January reached the highest of over US$19 million, up 17.2% compared to Jan 2015; exports in February reached the lowest of over US$11 million, down 21.3% compared to Feb 2015; exports in March 2016 increased compared to the previous month but down 18.7% from Mar 2015.

Korea was the 5th largest consumer market of Vietnam shrimp behind the US, EU, Japan and China. In 5 years (2010-2014), Vietnam shrimp exports to Korea have been maintaining the positive growth. In 2014, Vietnam overtook China to become the largest supplier of shrimp to the market and maintained the top position up to now.

According to ITC, in 2015, shrimp imports into Korea reached 77.7 thousand MT, valued at US$509.6 million, up 3% in volume but down 27% in value. The downward trend in shrimp import value into the market was owing to Korea’s weak demand for shrimp and the plunge in global shrimp price. In Jan-Feb 2016, shrimp imports into Korea reported the increase of 6.3% in value but down 4.6% in value from the same period of 2015. In the Korean market, Vietnam shrimp must compete in price with other suppliers such as China, Malaysia, India. In 2015, the average import price of shrimp from Vietnam into Korea reached US$8.3/kg while shrimp price from China, Malaysia, India was US$2.9; US$7.9 and US$6.9/kg, respectively.

In the first two months of this year, among top 10 leading shrimp suppliers to Korea, Korea raised importing from Saudi Arabia and Indonesia with respective growth of 32% and 19.6% while imports from other suppliers showed the decline in which India showed the deepest dive of 62%, followed by Philippines, China and Thailand with the drop of 26.9%, 18.8% and 6.5%, respectively.

In 2016, Vietnam shrimp exports to Korea expected to have positive outlook because the FTA between Vietnam and Korea has taken effect. Accordingly, Korea committed to clear tax for 10,000 MT of Vietnam shrimp in the first year and 15,000 MT in the next 5 years. Vietnam now enjoys yearly non-tariff quota of 2,500 MT to Korean market out of total quota of 5,000 MT shared by 10 ASEAN countries. Vietnam shrimp have an advantage over ASEAN countries (namely Thailand, Indonesia, Malaysia) which is considered as an impetus for Vietnam shrimp exports to the market in the coming time.

With the gradual recovery in Korea’s economy and stable demand for Vietnam seafood, including shrimp; Vietnam shrimp exporters have opportunities to boost sales to the market.

Korean consumers are favoring processed seafood products from Vietnam, particularly shrimp owing to convenience, suitable taste and presentations. Besides, the geographical advantages, lower transportation costs than other countries in the ASEAN facilitate Korea’s demand for seafood from Vietnam.

Shrimp consumer tastes of Koreans have many similarities with Japan while Vietnam has experiences in processing of products exported to the Japanese market. This is also an advantage for Vietnam shrimp exporters.

Top 10 largest shrimp suppliers to Korea

Origin

Volume (MT)

Value (US$thousand)

Jan-Feb 2015

Jan-Feb 2016

Variations (%)

Jan-Feb 2015

Jan-Feb 2016

Variations (%)

The world

9.840

10.460

6,3

80.302

76.631

-4,6

Vietnam

3.595

4.586

27,6

34.042

37.174

9,2

Ecuador

1.006

1.158

15,1

9.362

9.317

-0,5

Thailand

940

911

-3,1

9.832

9.189

-6,5

China

2.415

2.106

-12,8

11.577

9.405

-18,8

Malaysia

461

485

5,3

3.972

3.353

-15,6

Argentina

318

290

-8,7

2.738

2.331

-14,9

Saudi Arabia

116

195

67,2

921

1.216

32,0

India

534

329

-38,3

4.045

1.533

-62,1

Philippines

50

42

-15,2

613

448

-26,9

Indonesia

68

94

37,4

586

701

19,6

By Kim Thu

Bạn đang đọc bài viết South Korea expected to raise importing Vietnam shrimp tại chuyên mục News của Hiệp hội VASEP

TIN MỚI CẬP NHẬT

Food safety control for Vietnam’s exported tilapia

 |  09:04 24/08/2026

(seafood.vasep.com.vn) Vietnam’s tilapia industry is maintaining strong growth momentum, with significant room for further expansion in the coming years. In 2025, total tilapia production reached approximately 420,000 tonnes, up 33% from 2024 and 2.2 times higher than in 2015. During 2015–2025, production grew at an average annual rate of around 8.4%. As production and exports continue to expand, food safety control is receiving increasing attention to ensure product quality, meet the increasingly stringent requirements of international markets, and provide a foundation for the sustainable development of Vietnam’s tilapia industry.

International B2B at Vietfish 2026: Connecting Global Buyers with Vietnamese Seafood Businesses

 |  10:15 21/08/2026

(seafood.vasep.com.vn) On the afternoon of August 19, 2026, as part of the Vietnam International Seafood Exhibition – Vietfish 2026, the Hosted Buyer Program continued with the seminar “Vietnam Seafood Outlook 2026–2027: A Strategic Sourcing Destination,” followed by 1-to-1 B2B meetings between international buyers and Vietnamese seafood businesses.

U.S. Consul General Melissa Brown highlights opportunities for U.S.–Vietnam seafood cooperation at VIETFISH 2026

 |  13:29 19/08/2026

(seafood.vasep.com.vn) Speaking at the Opening Ceremony of VIETFISH 2026 on August 19 at the Saigon Exhibition and Convention Center (SECC), U.S. Consul General Melissa Brown highlighted the important role of the exhibition in connecting Vietnam’s growing seafood industry with buyers, suppliers, and partners from the United States and around the world.

Only 1 day to go: Vietfish 2026 officially opens tomorrow at SECC

 |  09:46 18/08/2026

(vasep.com.vn) Tomorrow, August 19, 2026, the Vietnam International Seafood Exhibition – Vietfish 2026 will officially open at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. Taking place over three days, from August 19–21, Vietfish 2026 promises to provide a dynamic platform for business networking, trend updates, product experiences and comprehensive cooperation across the domestic and international seafood community.

Vietfish 2026: Discover the potential of Vietnamese tilapia at booth B1209

 |  17:16 14/08/2026

(vasep.com.vn) The global tilapia market continues to grow, creating significant opportunities for countries with strengths in aquaculture, processing, and exports. Against this backdrop, Vietnam’s tilapia industry is gradually developing toward higher quality, greater product diversification, and broader market reach. At Vietfish 2026, the Vietnam Association of Seafood Exporters and Producers (VASEP), together with the VASEP Tilapia Producers and Exporters Club, will host a joint booth to promote the image and potential of Vietnamese tilapia to domestic and international buyers.

Vietnam’s seafood exports near record $12 billion but hurdles mount

 |  09:40 13/08/2026

(seafood.vasep.com.vn) Vietnam’s seafood exports are heading towards $12 billion this year, potentially the highest level on record. Yet one of the country’s export strengths is facing a growing list of challenges.

Vietnam’s tilapia outlook to 2030

 |  09:34 11/08/2026

(seafood.vasep.com.vn) The first six months of 2026 indicate that Vietnam’s tilapia industry is entering a new phase of development, with strong export growth but also greater demands for production scale, quality and international competitiveness.

Vietfish 2026 – A Hub for Innovation, Connectivity, and Sustainable Growth in Vietnam’s Seafood Industry

 |  11:50 07/08/2026

(seafood.vasep.com.vn) Vietfish 2026, the Vietnam International Seafood Exhibition, will officially take place from 19–21 August 2026 in Ho Chi Minh City. As Vietnam’s largest annual seafood trade event, organized by the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietfish 2026 will once again bring together leading seafood companies, industry experts, and international partners from across the global seafood value chain.

Seafood exports stay above US$1.1 billion in July: Growth momentum likely to slow as US tariffs begin to “filter through” to orders

 |  17:09 06/08/2026

(seafood.vasep.com.vn) Vietnam’s seafood exports reached USD 1.1 billion in July 2026, up 4.8% compared to the same period in 2025. Cumulative exports in the first seven months of the year totaled nearly USD 6.86 billion, an increase of 11.5% year-on-year. Exceeding the USD 1 billion mark in July further reinforces the prospect that Vietnam’s seafood exports could surpass USD 12 billion in 2026. However, the July figures also send a clear signal that the most favorable growth period may have passed: overall export growth slowed to just 4.8%, pangasius exports fell 6.1%, tuna exports were virtually flat, while exports to the EU, South Korea, and the Middle East all recorded double-digit declines.

Vietfish 2026 Seminar: Global seafood market trends and the future workforce

 |  11:38 05/08/2026

(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the seminar "Global Seafood Market and the Future Workforce: Trends, Opportunities, and Sustainable Development Pathways for Vietnam's Seafood Industry" will take place from 2:00 p.m. to 4:15 p.m. on August 19, 2026, at Convention Room B, Level 2, SECC, Ho Chi Minh City. This is the first of five specialized seminars at Vietfish 2026, focusing on key issues that are shaping the long-term development of Vietnam's seafood industry.

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

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC