By the end of April 2023, exports to the two largest markets of Vietnamese pangasius, China and the US, also fell deeply. Pangasius exports to China & Hong Kong only reached $183 million, down 39% over the same period last year. The US market also reduced imports of Vietnamese pangasius because of high inventory, reaching $86 million, down 64% compared to the same period in 2022.
Pangasius exports to the EU market reached 60 million USD, down 8% compared to the same period last year. Exports to many markets in the bloc decreased from 13% to 31%, except for Germany, which increased by 78%. Many key markets have reduced imports of Vietnamese pangasius such as the Netherlands by 22%, Belgium by 13%, Spain by 30%.
Beside the EU, Vietnam's pangasius export turnover to some other main markets in the first 4 months of 2023 also experienced a negative double-digit growth compared to the same period last year such as: to Mexico down 45%, to Canada down 51% , to Japan down 15%, to Brazil down 33%, to Thailand down 49%.
Vietnam pangasius exports in the first 4 months of 2023 recorded negative growth in many markets
In addition to the German market, Singapore and the UK are also two bright spots for Vietnamese pangasius exports. Specifically, by the end of April 2023, pangasius exports to the UK reached 22 million USD, up 13%, to Singapore reached 12 million USD, up 20%. Although among the high inflation rate countries, the UK still increased imports of Vietnamese pangasius with a double-digit growth.
Exports of all pangasius products have negative double-digit growth. In which, exports of frozen pangasius fillets/cuts (HS code 0304) reached $471 million in the first 4 months of 2023, down 45%. Export of fresh/frozen/dried pangasius (HS code 03) reached USD 89 million, down 9%, export of processed pangasius (HS code 16) reached USD 9 million, down 23%.
The consequences of prolonged inflation and high inventories are one of the difficulties for the seafood industry, including pangasius. Vietnamese seafood farmers and businesses are facing challenges from a declining market, high raw material costs and other input costs, a sharp drop in profits, a lack of capital to turn over production and business.
In the current context, the pangasius industry really needs the cooperation and support of the Government and state agencies as well as the companion and consensus of farmers and businesses.
Compiled by Thuy Linh
(seafood.vasep.com.vn) The year 2026 marks a period of strong growth for Vietnam’s tilapia industry, but it is also a time when international export competition is becoming increasingly intense. Vietnam’s tilapia exports reached USD 99 million in 2025, up 140% compared to the previous year. In the first four months of 2026 alone, export value reached USD 49 million, a 151% increase year-on-year. As global demand for affordable whitefish continues to rise, Vietnam is emerging as a noteworthy competitor to traditional tilapia powerhouses such as China, Indonesia, Brazil, and Egypt.
(seafood.vasep.com.vn) With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s tilapia exports to Asian markets showed varying trends across regions and countries. The Middle East recorded strong growth, with Saudi Arabia emerging as the largest Asian market for Vietnamese tilapia. ASEAN markets also expanded significantly, driven primarily by Malaysia. Meanwhile, Japan maintained solid growth, while exports to South Korea declined compared to the same period in 2025.
(seafood.vasep.com.vn) Shrimp and pangasius continued to lead growth, helping seafood exports reach $4.67 billion in the first five months of the year; however, differentiation among product groups and increasingly stringent requirements from importing markets are posing many challenges for the industry.
(seafood.vasep.com.vn) Every day, the seafood processing industry in Ca Mau generates large quantities of shrimp heads and shells during processing operations. In the past, these by-products were largely treated as waste, increasing production costs and posing potential environmental risks. However, thanks to advanced processing technologies, materials once considered waste are now being transformed into high-value products, creating a circular economy model within the seafood industry.
(seafood.vasep.com.vn) Vietnam Clean Seafood Corporation has invested in a 280-hectare super-intensive shrimp farming zone in Tran De Commune, Can Tho City, generating export value of approximately VND 3 billion per hectare per year—around 50 times higher than traditional agricultural production.
(vasep.com.vn) Vietnam’s seafood exports reached USD 1.02 billion in May 2026, up 0.6% year-on-year. Cumulative exports in the first five months of 2026 totaled USD 4.67 billion, an increase of 11% compared to the same period in 2025.
(seafood.vasep.com.vn) In a rapidly changing global seafood market, timely insights and reliable data are more critical than ever. The Report on Vietnam Seafood Exports in Q1/2026 provides a comprehensive overview of the latest developments in Vietnam’s seafood production, trade performance, and export trends, helping businesses navigate uncertainty and identify new growth opportunities.
(seafood.vasep.com.vn) While many major markets continue to experience slow growth, Russia has emerged as a brighter destination for Vietnamese tuna exports in early 2026. Export turnover to this market increased by nearly 55% in the first four months of the year, indicating a clear improvement in demand. Nevertheless, Russia remains a market that should be viewed with both optimism and caution.
(seafood.vasep.com.vn) Vietnam’s pangasius exports have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
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