The decline occurred in almost all commodity groups, except for processed tuna HS code 16 (mainly frozen steamed tuna loin). In which, exports of frozen tuna meat/loin with HS code 0304 fell the most by 55%, exports of fresh/frozen/dried tuna decreased by 54% and canned tuna decreased by 46%.
2022 is a remarkable year for Vietnam's tuna industry as the export turnover reached a record of more than 1 billion USD, an increase of 34% compared to 2021. However, this growth is thanks to the strong growth in the domestic market in the first 3 quarters of 2022. In the fourth quarter, under the impact of inflation, Vietnam's tuna export decreased.This trend will continue in the first months of 2023. Unsurprisingly, tuna exports to main markets in January 2023 fell sharply.
The structure of Vietnam's tuna import market this month has changed . Notably, exports to new markets like Korea and Taiwan grew by 457% and 105% over the same period.
The US is still Vietnam's largest tuna importer, but the proportion of this market decreased compared to 2022. The value of tuna exports to this market in January 2023 was just over US$16 million, down 63% over the same period. Although inflation in the US has slowed down, concerns about a continued economic downturn are causing consumers to be more cautious in spendings. This is affecting US tuna imports from other countries.
Along with the US, the EU also recorded a sharp decline in the first month of 2023, down 42%, reaching nearly 9 million USD. This decline has caused the share of this market to decrease. The EU has dropped to the third position among the largest importers of Vietnamese tuna. The key tuna export markets in this market block in January were Germany, which increased by 25%, the Netherlands by 52% and Spain by 52%.
Meanwhile, exports to Israel recovered with an impressive growth rate of nearly 80% over the same period.
In the CPTPP market, Vietnam's tuna exports in January only increased slightly by 6%. Tuna exports to the largest import market in this block, Canada, decreased by 29%, but exports to Japan and Peru increased by 38% and 53%.
Vietnam's tuna export outlook in the first months of the year has not yet prospered as the world economy is forecasted to fall into a recession this year.
Compiled by Thuy Linh
(seafood.vasep.com.vn) Brazil is a promising market for Vietnamese seafood, with exports reaching nearly $130 million in 2024, primarily driven by pangasius. High consumption demand, domestic supply shortages, and relaxed import standards create significant opportunities. Vietnam can leverage competitive pricing, bilateral trade cooperation, and MERCOSUR negotiations to expand market share.
As the EU strengthens its controls on inorganic arsenic in imported seafood, Vietnamese exporters are being warned not to be complacent and are actively adjusting to maintain market access, with enhanced quality control measures to ensure compliance.
(vasep.com.vn) According to the General Statistics Office, Vietnam's total fishery output in the first quarter of 2025 is estimated at 1,993.4 thousand tons, an increase of 2.8% compared to the same period last year. Of this, fish accounted for 1,480.3 thousand tons (up 2.9%), shrimp reached 202.4 thousand tons (up 4.6%), and other fishery products totaled 310.7 thousand tons (up 1.5%).
Vietnam’s pangasius industry is poised for a promising outlook in 2025, driven by rising export demand. According to a Rabobank report, pangasius is among the fastest-growing seafood species, with global production projected to increase by 7% year-over-year, reaffirming Vietnam's position as the world's largest producer.
Sao Ta Foods (stock code: FMC) has set a target to sell 22,000 metric tons of shrimp this year and has outlined a proactive strategy to address risks related to anti-dumping and countervailing duty investigations in the U.S. market.
(seafood.vasep.com.vn) Vietnam’s exports of shelled mollusks recorded impressive growth in the first two months of 2025, reaching USD 41 million—an increase of 132% compared to the same period in 2024 (USD 18 million).
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in the first two months of 2025, Vietnam's shrimp exports recorded positive signs with strong growth in a number of important markets, of which lobster exports to China increased sharply.
In recent years, the agricultural and environmental sectors and localities in the province have created favorable conditions to develop and effectively maintain seafood chains, increasing income for people in rural areas.
(seafood.vasep.com.vn) According to Vietnam Customs, the country’s pangasius exports regained growth momentum in February 2025. Export value reached USD 150 million, marking a 66% increase compared to February 2024. Cumulative pangasius export revenue for the first two months of the year totaled USD 284 million, up 11% year-on-year.
Minh Phu Seafood Corp, one of the leading enterprises in shrimp processing and export, is actively promoting cooperation with shrimp farmers to develop the shrimp industry in Ca Mau.
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