Currently, in the CPTPP bloc, Canada is the second-largest export market for Vietnam’s pangasius enterprises. This is the seafood market with good prices and stable growth in North America. Traditionally, Canada had close trade relations with the US and China; the products were mainly from the sea. However, in the past 3 years, Canada’s importers began to seek and promote imports of aquaculture seafood products, including pangasius and tilapia.
So far, Canada has been a regular export market for more than 30 of Vietnam’s pangasius companies. Particularly, in QI/2022, the 3 pangasius exporters with the largest export value to this market are Vinh Hoan Corp; NTSF Seafoods, and TG Fishery.
In the past 2 years, Vietnam's pangasius exports to Canada have slowed down due to the impact of Covid-19. But in the first quarter of this year, pangasius exports to this market increased sharply again. The average export price of frozen pangasius fillets is relatively good, ranging from 3.15 to 3.35 USD/kg.
Compared to other markets in the CPTPP, Canada imports diverse products such as frozen pangasius fillets, frozen pangasius steak/portions, dried pangasius bubbles, whole butterfly pangasius, pangasius with curry sauce; pangasius with lemon parsley sauce; pangasius with ginger sauce.
Currently, Vietnamese pangasius is still competing with many other whitefish products in Canada, notably cod fish, haddock and tilapia products. However, in recent years, Vietnam’s pangasius products have been gradually taking up the market share of whitefish products.
Due to proximity and close trade relations, the US remains the most significant market of Canada's seafood trade. Therefore, both Canada's seafood exports and imports tend to be affected by changes in the US economy as well as in the US’ consumer demand and seafood trade policies.
At least in 2022, pangasius exports to the US are forecasted to be optimistic and this trend is similar to exports to Canada. Hence, Vietnam’s pangasius enterprises need to take advantage of this opportunity and further promote exports to Canada, the seafood import market with high prices in North America.
|
Top 10 Vietnam pangasius exporters to Canada, QI/1, 2022 |
|
|
No |
Exporters |
|
1 |
VINH HOAN CORP |
|
2 |
NTSF SEAFOODS |
|
3 |
TG FISHERY |
|
4 |
IDI CORP |
|
5 |
GODACO |
|
6 |
DATHACO |
|
7 |
BIEN DONG SEAFOOD |
|
8 |
HUNG VUONG CORP |
|
9 |
QUE KY FOODS CORP |
|
10 |
OCEAN GIFT FOODS |
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Compiled by Phuong Linh
(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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