According to HS code data, HS03 pangasius accounted for 97.4% of Vietnam's total pangasius exports to global markets, reaching 808 million USD, an increase of 10%. Among these, frozen pangasius fillets (code 0304) saw a strong growth of 11%, continuing to be the main export driver. Processed pangasius products (HS code 06) accounted for only 2.6% but recorded a significant increase of 64%, indicating the potential for value increase through deep processing.
China & Hong Kong experienced a decline in imports of Vietnamese pangasius in May 2025 and throughout the first five months of 2025. However, they still remained the number-one consumption market. Exports of pangasius to China & Hong Kong in mid-Q2/2025 reached 46 million USD, a decrease of 8% compared to May 2024. The total export value to this market in the first five months of this year reached USD 196 million, down 4% year-on-year.
Vietnam’s pangasius exports to the U.S. in May 2025 reached 41 million USD, up 35% compared to May 2024. Total pangasius exports to the U.S. in the first five months of 2025 reached 142 million USD, up 7% compared to the same period in 2024.
Following the U.S., Brazil continued to show strong demand for Vietnamese pangasius, especially frozen fillets. In May 2025, exports to this South American country reached 16 million USD, doubling the value of May 2024. By the end of May 2025, pangasius exports to Brazil hit 80 million USD, up 73% year-on-year.
Exports to the EU also continued to show positive growth of 12%, reaching nearly 16 million USD in May 2025. The Netherlands remained the top importer of Vietnamese pangasius products within the EU. In May 2025 alone, exports to the Netherlands reached USD 5 million, up 26% year-on-year.
In May 2025, Mexico surpassed Thailand to become the fourth-largest single market for Vietnamese pangasius. Export value to Mexico in May 2025 reached USD 7 million, up 14% from May 2024. Cumulatively, exports to this CPTPP-supported market in the first five months of the year reached USD 28 million, up 6% year-on-year.
Overall, Vietnam’s pangasius exports in May and in the first five months of this year have started to show a slight adjustment. The country’s pangasius exports are clearly recovering in 2025, with expectations of double-digit growth. The U.S., Brazil, and CPTPP countries are the main destinations, while the EU requires close monitoring of policy and demand changes. Although China—the largest market for Vietnamese pangasius—has shown a slowdown in imports, the summer season is typically a high-consumption period for seafood, offering hope for demand recovery in this market. Market and product diversification strategies (especially deep processing, ready-to-eat packaging, and targeting niche markets) need to be further promoted.
(seafood.vasep.com.vn) China’s shrimp imports in the first five months of 2026 continued to surpass the same period in 2025, indicating that demand in the world’s largest seafood-consuming market remains strong. However, behind the growth figures lies an increasingly competitive landscape: Ecuador dominates the competitively priced whiteleg shrimp segment, India remains the second-largest supplier, while Vietnam stands out in the lobster segment but still needs to strengthen its advantages through quality, traceability, and reliable supply.
(seafood.vasep.com.vn) Lobster exports to China continued to surge in the first half of this year, putting the lobster industry on the verge of reaching an export value exceeding $1 billion.
(seafood.vasep.com.vn) More than five years after the UK-Vietnam Free Trade Agreement (UKVFTA) took effect, Vietnamese seafood is steadily expanding its market share in the United Kingdom, one of Europe’s major seafood import markets with stable and diverse consumer demand.
(seafood.vasep.com.vn) At Van Hung Commune, Khanh Hoa Province, the Khanh Hoa Agricultural Extension Center, in collaboration with the Northern Aquaculture Research Center and the Van Hung Public Service Center, organized a technical training course on the industrial-scale production of disease-free golden pompano (Trachinotus falcatus) seed for local marine fish farmers.
(seafood.vasep.com.vn) Vietnam’s squid and octopus exports maintained a strong recovery in the first five months of 2026, reaching more than USD 302 million, up 17% compared to the same period in 2025. Growth was primarily driven by Asian markets, including South Korea, Japan, Thailand, and China, while exports to the United States and the European Union continued to face headwinds from cautious consumer demand and increasingly stringent compliance requirements.
Vietnamese seafood giant Minh Phu Group has inaugurated a VND1.5 trillion (US$57.4 million) seafood processing plant in Ca Mau Province.
(vasep.com.vn) From 19–21 August 2026, the Vietnam International Seafood Exhibition (Vietfish 2026) will take place at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. Under the theme "Innovation – Sustainability", Vietfish 2026 continues to serve as Vietnam's flagship annual seafood event, bringing together seafood producers, exporters, importers, buyers, industry experts, government agencies, and stakeholders from across the domestic and global seafood value chain.
(seafood.vasep.com.vn) Vietnam’s tilapia exports maintained strong growth momentum in May 2026, reaching USD 14 million, up 18% compared with the same month last year. Cumulative export value for the first five months of 2026 totaled USD 62 million, representing a remarkable 101% increase over the same period in 2025, highlighting the sector’s strong recovery in international markets.
(seafood.vasep.com.vn) Vietnam’s tuna exports reached USD 367 million in the first five months of 2026, down 7% compared to the same period in 2025. While the decline is not yet severe, the more concerning issue is that pressure is mounting in key markets such as the United States and the European Union, just as ocean freight rates are rising sharply on long-haul routes. The current situation is therefore not merely about slower orders, but rather a clear restructuring phase for Vietnam’s tuna industry.
(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.
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