Vietnam’s cephalopod exports to Korea increase by 8% in August 2023

News 15:46 05/10/2023
(seafood. vasep.com.vn) Vietnam's cephalopod exports in the first 8 months of 2023 reached 417 million USD, down 15% over the same period last year. In August 2023 alone, exports of this product reached 67 million USD, down 11% over the same period. Despite continuing to see a decline, Vietnam’s cephalopod exports in August had a smaller decrease in value compared to other key seafood products.

In August 2023, cephalopod export turnover reached the highest level since the beginning of the year, the decline compared to the same period last year also gradually narrowed.

In the structure of exported cephalopod products, squid accounts for 57%, the remaining octopus accounts for 43%. In the first 8 months of 2023, squid export value decreased by 14%, octopus export decreased by 15% compared to the same period in 2022. Among the exported cephalopod products, processed octopus products (HS code 16) are the least downward trend with a decrease of 4% reaching 33 million USD. Other processed squid (HS 16) decreased the most by 20%, reaching 19 million USD.

Vietnam's top 7 largest cephalopod import markets include Korea, Japan, Thailand, China &HK, Italy, USA, Malaysia. Among them, in August this year, exports to Korea, China & HK, and the US recorded positive growth after many previous months of continuous negative growth.

Cephalopod exports to the Korean market in August this year recorded the first positive growth after 5 consecutive months of negative growth

Cephalopod exports to the Korean market in August this year recorded the first positive growth after 5 consecutive months of negative growth. In August 2023, exports of this product to Korea increased by 8% to reach 26 million USD. In the first 8 months of this year, the export value of cephalopod to this market reached 149 million USD, down 15% compared to the same period last year.

Cephalopod exports to China & Hong Kong markets in August 2023 increased by 16% to reach 8 million USD. In the first 8 months of this year, exports to this market reached 42 million USD, down 18%.

In particular, exports to the US market recorded the highest positive growth of 25% in August this year, reaching nearly 2 million USD. In the first 8 months of this year, exports to this market reached 12 million USD, down 33% over the same period last year.

After Japan's discharge of treated nuclear wastewater on August 24, Japanese consumers may prefer imported seafood products. The Chinese and Korean markets will also reduce seafood imports from Japan.

In an effort to mobilize the EU to remove the IUU yellow card for Vietnam, before the IUU Inspection Team entered Vietnam to conduct the 4th inspection, the working group of the Ministry of Agriculture and Rural Development led by Minister Le Minh Hoan visited and Working with European Commission agencies in Brussels, Belgium on September 18. Minister Le Minh Hoan affirmed Vietnam's political determination with its best efforts to best resolve DG MARE's recommendations on repelling and ending IUU fishing, towards a sustainable development. The EU side also wants to support Vietnam to become a world model in sustainable development of the fisheries industry and combating IUU fishing.

Before the above events, Vietnam's cephalopod exports in the following months are expected to gradually narrow the decrease, possibly recording a slight growth compared to the same period last year in the last quarter of this year.

In early 2023, cephalopod exporters face many challenges such as rising inflation, falling market demand, and lack of raw material supply for processing. In order for  cephalopod export activities in the last months of the year to stop decreasing and recover, export businesses want to access preferential policies on production capital, develop seaport infrastructure, and flexibility in importing raw materials to serve production needs.

Compiled by Thuy Linh 

vietnams cephalopod exports to south korea

TIN MỚI CẬP NHẬT

Pangasius exports in April 2026 rise 18%, U.S. market shows signs of recovery

 |  08:21 21/05/2026

(seafood.vasep.com.vn) According to Vietnam Customs data, pangasius exports in April 2026 reached USD 206 million, up 18% compared to the same period in 2025 — marking another consecutive month of double-digit growth since the beginning of the year. Cumulative pangasius export turnover in the first four months of 2026 reached USD 720 million, up 17% year-on-year, reflecting the positive growth momentum of this key export product.

Shrimp exports in the first four months of 2026: Stable demand from Asia, rising pressure from the US market

 |  08:55 19/05/2026

(seafood.vasep.com.vn) Vietnam’s shrimp exports in the first four months of 2026 maintained positive growth momentum, reaching approximately USD 1.5 billion, up 15% compared to the same period last year. However, behind this result lies diverging trends across markets, as the global shrimp industry continues to face pressure from inflation, high inventories, price competition, and increasing trade risks.

Vinh Tuy (Kien Giang): Bottom aeration system improves shrimp farming efficiency

 |  08:36 15/05/2026

(seafood.vasep.com.vn) In Vinh Tuy commune (Kien Giang Province), many shrimp farmers are adopting bottom aeration systems and reporting clear economic benefits, helping increase income and reduce production risks.

Vietnam’s crab exports in Q1/2026: Strong growth, but caution remains necessary

 |  08:59 14/05/2026

(vasep.com.vn) In the first three months of 2026, Vietnam’s exports of crabs and other crustaceans reached more than USD 93 million, up 23% compared to the same period last year. The result shows that the sector is experiencing a fairly positive recovery, especially in its two key product groups: crabs and swimming crabs. However, behind the growth figures are several concerns: export markets remain highly concentrated, raw material supply is unstable, and trade barriers from the US and EU are becoming increasingly stringent.

Ca Mau shifts strongly toward high-tech shrimp farming

 |  08:34 13/05/2026

(seafood.vasep.com.vn) In Ca Mau province, many farmers are transitioning from traditional methods to high-tech shrimp farming, adopting recirculating systems with minimal water exchange to improve efficiency and reduce risks. In Hung My commune alone, there are about 260 super-intensive shrimp farming households covering more than 265 hectares, playing a key role in local economic development.

Amid competitive pressure, fish cake and surimi exports still have growth opportunities

 |  09:08 09/05/2026

(seafood.vasep.com.vn) In the first three months of 2026, Vietnam’s exports of fish cake and surimi reached USD 63 million, down 5% compared to the same period last year. Although total export value declined slightly due to decreases in some key markets, many other destinations continued to post strong growth, opening up room for this convenience-oriented processed segment in the coming quarters.

Fisheries in Quang Tri show positive results

 |  08:52 07/05/2026

(seafood.vasep.com.vn) Favorable weather conditions in the early months of 2026 have brought encouraging signs for fisheries activities in Quang Tri. Output has grown steadily, contributing to improved livelihoods for local residents.

What opportunities lie ahead for Vietnam’s seafood exports in 2026?

 |  16:45 05/05/2026

Entering 2026, Vietnam’s seafood industry is facing a period of both high expectations and mounting pressures. Following the positive recovery in 2025, production and export activities in Q1/2026 demonstrated the strong adaptability of Vietnam’s seafood business community amid continued global trade volatility, intensifying international competition, and increasingly stringent compliance requirements in import markets.

Q1/2026: shrimp exports grow on China demand, but competition and costs remain high

 |  10:40 04/05/2026

(vasep.com.vn) In the first quarter of 2026, Vietnam’s shrimp exports reached USD 1.069 billion, up 17.5% compared to the same period in 2025. This is a positive result amid an uneven global shrimp market recovery, intensifying competition among major suppliers, and continued volatility in the international trade environment. However, this growth does not reflect a broad-based recovery across the entire sector, but rather is driven mainly by strong performance in a few markets and specific product segments—most notably lobster exports to China.

Vietnam’s tuna exports in early 2026: bright spots amid mounting pressures

 |  08:54 01/05/2026

(seafood.vasep.com.vn) Vietnam’s tuna exports continued to decline in March 2026. Cumulatively, in the first three months of the year, export value reached USD 208 million, down 4% compared to the same period in 2025. The export landscape shows clear divergence across markets: while the U.S. and EU remain challenging, markets such as Russia, the Middle East, Egypt, the Philippines, and Mexico have emerged as growth bright spots.

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

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC