In May 2024, tuna exports soared by 36% to over US$95 million, driven by robust demand for canned tuna, which jumped by 18%, and pouched tuna, which skyrocketed over 3.5 times higher. Frozen tuna loin/phlle exports also surged by 25%, while frozen whole tuna exports soared by over seven times compared to May 2023. Cumulative tuna exports for the first five months of 2024 reached nearly US$397 million, up 25% from the same period in 2023.
Crab and swimming crab exports also witnessed impressive growth, climbing by nearly 92% to over USD 26 million in May. This surge was primarily fueled by a more than twofold increase in crab exports. The two largest markets for Vietnamese crab (China and Japan) both increase imports. China emerges as the top destination for Vietnamese live crab, with imports soaring by 11 times compared to May 2023. Meanwhile, Japan primarily imports processed snow crab finished products, including snow crab meat, shelled snow crab, snow crab claws, and a small portion of processed freshwater crab.
Pangasius exports rose by 10%, while exports of cephalopod, and other fish species all experience modest growth of 3% in May. Cumulative pangasius exports for the first five months of the year reached nearly US$755 million, up slightly by 3% from the same period in 2023. On the other hand, marine finfish exports declined by 3% to US$742 million, while cephalopod exports reached US$236 million, down nearly 2% compared to May 2023.
Despite a slight dip in May, shrimp exports maintain a positive growth trajectory for the year, increasing by 7% to USD 1.3 billion for the first five months.
While some markets have yet to experience a full rebound, major export destinations are showing signs of gradual recovery in both demand and import prices. Seafood exports to the US, Japan, the EU, and South Korea all record positive growth in May, ranging from 5% to 26%. Notably, exports to China falls by 8% compared to the same period. By the end of May, the US remains the top destination, with seafood imports from Vietnam reaching US$635 million, representing a 13% growth. Exports to Japan, China, South Korea, and the EU saw more modest increases of 3-4% compared to May 2023.
(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
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
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