Compared to the peak of $ 310 million reached in April, sales in October fell by nearly half. The market is no longer as favorable as in the first half of the year. Inflation causes demand to decrease month by month, especially in the US, EU, UK markets, even in the CPTPP markets or markets with geographical advantages.
Specifically, pangasius exports to the US in October decreased by nearly 25% to 32 million USD. Starting from July, pangasius exports to the US market only fluctuated between 32-33 million USD per month, a dramatic decrease compared to the peak of 81 million USD in April.
According to statistics of the US Department of Agriculture, by the end of the third quarter of 2022, the country has imported about 104.5 thousand tons of frozen pangasius fillets (HS code 03046200) from Vietnam, worth 610.5 million USD, an increase 19% in volume but 66% higher in value compared to the same period last year. The average price of frozen pangasius fillets from Vietnam to the US increased by 53.3% from 2.78 USD to 4.26 USD/kg. Frozen pangasius fillets account for nearly 60% of the total volume of fish imported from Vietnam into the US, accounting for 43% in value. This is also the product with the highest increase in import price among seafood products imported into the US in the first 3 quarters of this year.
Pangasius exports in October reached the lowest level since the beginning of the year.
Pangasius exports to main markets in the EU have different trends in October 2022. While exports to Belgium decreased by 25%, exports to Germany increased sharply by 384%, the Netherlands still kept a slight growth of 10%, and Spain increased by 142%.
In October, exports to small markets that are considered potential in recent years such as Mexico, Malaysia, Colombia, Saudi Arabia all decreased by 13-53% over the same period last year.
In the downward trends, pangasius exports to China and HongKong are still increasing. Pangasius exports to China still increased by 23% and to Hong Kong increased by 123%.
By the end of October, China is still the no. 1 market of Vietnamese pangasius with a total export value of 594 million USD, accounting for 28% and increasing 106% compared to the same period in 2021. This market accounts for 30% with 632 million USD in export sales of Vietnamese pangasius (if HongKong is included).
Besides, there are still some small markets that are increasing imports of Vietnam’s pangasius such as Russia (increased by 5 times), Thailand (increased by 13%).
With the current situation, pangasius exports by the end of the year can reach about $2.45-2.5 billion, up 54% compared to 2021.
Compiled by Thuy 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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