Pangasius exports in February 2024 to markets witnessed negative growth from 35% to 56%. In February 2024, Vietnam's pangasius export volume decreased because Tet holiday coincided in this month, but the average price still increased due to some concerns about a lack of supply and positive market demand. In February 2024, the export volume of pangasius decreased by 36% over the same period last year, reaching more than 42 thousand tons and down 40% compared to January 2024.
Although export volume decreased, the average export price of pangasius increased by about 4% to 2.13 USD/kg. Pangasius export prices are expected to recover in 2024 thanks to increased demand from the US and EU. From the beginning of 2024, the EU announced a 13.7% tax on all Russian pollock products and third-country products originating from Russia. Since the end of December 2023, the US imposed a ban on importing seafood products processed in third countries but originating from Russia. Other pollock exporters also face new tax rates ranging from 4% to 7% higher than last year.
In February 2024, China and Hong Kong were still the largest consuming markets of Vietnamese pangasius; however, the export volume decreased sharply after reaching about 13 thousand tons in January 2024. The average export price to this market also decreased from November 2023 to February 2024; this price also decreased by 1.5% to 1.94 USD/kg.
In February 2024, the EU imported more than 3,000 tons from Vietnam, while the export price to this market still increased by 8.4% to 2.49 USD/kg.
Also in February 2024, the US increased imports of Vietnamese pangasius, reaching more than 6,000 tons. Pangasius's export price to this market is stable, increasing slightly by 0.8%, or about 2.66 USD/kg.
The ASEAN market also had a positive impact on Vietnam in February, with import volume increasing slightly, reaching nearly 6,000 tons, and the average export price increasing by 6.8% compared to January 2024 at 1.92 USD/kg.
After a strong price increase in January 2024, the Mexican market continued to increase prices in February 2024, with an increase of 7.8% to 2.32 USD/kg. However, in February 2024, this market reduced the volume of pangasius imports from Vietnam to nearly 1,000 tons.
Pangasius export price to the UK was considered stable from the beginning of 2024 at 3.12 USD/kg. However, the volume of Vietnamese pangasius exports to the UK in February 2024 decreased to about 740 tons.
For the Brazilian market, this country reduced imports of Vietnamese pangasius and reached nearly 2,000 tons in February 2024. Pangasius export price to this market simultaneously decreased by 0.7% to 2.67 USD/kg.
In February 2024, the export value of Vietnamese pangasius to markets almost decreased by double digits after increasing sharply in the previous month, mainly due to the Lunar New Year holiday. However, export prices generally still increase or remain stable.
In the first half of March 2024, pangasius export turnover to markets reached 74 million USD, down 18% over the same period. As of March 15, 2024, pangasius exports reached 329 million USD, almost unchanged compare to the same period in 2023.
(seafood.vasep.com.vn) Vietnam’s seafood exports in February 2026 reached approximately USD 707 million, up 8% compared to the same period last year. Cumulatively, exports in the first two months of 2026 totaled USD 1.7 billion, an increase of 20.2% year-on-year. The results show that the sector’s recovery momentum has remained relatively solid following strong growth in January, although the pace slowed noticeably in February for several key products and major markets. Within the overall picture, shrimp continues to be the largest pillar, pangasius rebounds strongly, while tuna exports and the U.S. and Korean markets are sending signals that warrant closer monitoring. In March, seafood exports are expected to gain additional momentum from markets other than the U.S., potentially supporting stronger growth.
(seafood.vasep.com.vn) In the first months of 2026, fishing activities in Quang Tri province recorded many positive signals, with output reaching over 15,941 tons. This result not only demonstrates fishermen’s efforts to stay offshore but also reflects the effectiveness of management and support measures implemented by local authorities.
(seafood.vasep.com.vn) In the first months of 2026, IUU prevention models focused on communication and mobilizing fishermen to comply with fisheries laws and avoid encroaching on foreign waters—related to combating illegal, unreported, and unregulated (IUU) fishing—have been implemented in coastal localities of Lam Dong province and have delivered initial positive results.
(seafood.vasep.com.vn) The sharp rise in raw pangasius prices to record levels is sending positive signals for the industry, but experts warn of potential supply–demand imbalances if production is not tightly controlled.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, the country’s total canned tuna export value in 2025 reached over USD 275 million, down 8% compared to 2024. Vietnamese canned tuna products were present in approximately 80 markets worldwide. However, the 2025 picture shows clear divergence: the U.S. maintained stability, the EU declined sharply, while several Middle East–North Africa (MENA) markets accelerated.
(seafood.vasep.com.vn) In 2025, Vietnam’s crab exports reached nearly USD 86 million, up almost 6% compared to 2024. A notable feature of 2025 was the strong market concentration in the United States, which accounted for more than 81% of Vietnam’s total crab export value, up 10% from the previous year. In contrast, exports to several Asian markets declined significantly, resulting in only modest overall growth for the year.
(seafood.vasep.com.vn) In 2025, Vietnam’s tilapia exports recorded impressive growth, with total export turnover reaching over USD 99 million, highlighting the increasingly important role of this product in the country’s seafood export structure. Of this total, tilapia fillets and other fish meat products accounted for USD 61 million, representing 61% of total export value and reaffirming their position as the key product category.
(seafood.vasep.com.vn) Shrimp seed quality is considered the “first link” and a decisive factor affecting the efficiency of the entire commercial shrimp production chain. High-quality seed directly influences survival rates, growth performance, and disease resistance, thereby determining production costs, productivity, and farmers’ profitability.
(seafood.vasep.com.vn) As part of its agricultural restructuring strategy toward sustainability, Quang Tri Province is gradually promoting environmentally friendly aquaculture models. Among these, organic-oriented golden pompano farming is considered a promising direction, aligned with the goals of enhancing production value and building sustainable rural areas.
(seafood.vasep.com.vn) The year 2025 marked a pivotal milestone for Vietnam’s seafood industry in its restructuring process toward sustainability, transparency, and higher value creation, amid continued uncertainties in the global economic and trade environment. Prolonged inflation in major economies, the rising trend of trade protectionism, and increasingly stringent requirements related to environmental standards, traceability, and social responsibility have posed significant challenges to seafood production and exports. Nevertheless, overcoming these pressures, Vietnam’s seafood sector has gradually demonstrated its adaptability, maintained growth momentum, and laid an important foundation for the next stage of development.
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