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) On July 9, 2026, the Embassy of Vietnam in Brazil organized the seminar titled “Sharing Information on Vietnam-Brazil Economic, Trade and Investment Relations in the First Half of 2026” to provide updates on bilateral cooperation and strengthen connections among government agencies, industry associations, and business communities of the two countries.
(seafood.vasep.com.vn) Seafood exports in the first 6 months of the year continued to be a bright spot with a total turnover of 5.7 billion USD, an increase of 11.4% compared to the same period last year. By commodity group, seafood is one of the three groups with a trade balance in the first 6 months of 2026 in a surplus state with 4.13 billion USD, an increase of 17%.
(seafood.vasep.com.vn) For many years, Vietnam’s seafood industry has been recognized as one of the country’s key export pillars. Products such as shrimp, pangasius, tuna, squid, octopus, and a wide range of other seafood have reached hundreds of markets worldwide. Yet behind these impressive export figures lies a significant challenge: a substantial share of Vietnam’s seafood export value still comes from minimally processed products, contract manufacturing, and raw material exports—segments characterized by low profit margins and high vulnerability to fluctuations in global prices.
(seafood.vasep.com.vn) In the context of a global economy shifting powerfully toward green and sustainable values, Vietfish 2026 is far more than just a commercial trade fair. It has become a strategic rendezvous and a "comprehensive ecosystem"—a convergence of value, knowledge, and sustainable growth opportunities for the entire industry chain.
(seafood.vasep.com.vn) Vietnam’s pangasius exports to Colombia continued their strong upward momentum in May 2026. Export value to the market reached USD 4 million, up 24% compared to the same month in 2025. Cumulative exports in the first five months of 2026 totaled USD 24 million, an impressive 48% increase year-on-year.
(seafood.vasep.com.vn) Hai Phong's aquaculture sector is accelerating the adoption of high technologies in aquaculture to adapt to climate change, with red tilapia and tilapia identified as the key cultured species for priority development.
(vasep.com.vn) Vietnam’s seafood exports reached nearly US$1.1 billion in June 2026, up 21.0% year-on-year. Cumulative exports in the first half of 2026 totaled nearly US$5.8 billion, representing a 12.8% increase compared with the same period last year. Exports to China and Hong Kong continued to accelerate, while shipments to the United States rebounded strongly in June. In contrast, exports to the EU, Japan, and the Middle East remained sluggish or recorded slight declines.
(vasep.com.vn) Tilapia is playing an increasingly important role in Vietnam’s aquaculture sector, driven not only by growing market opportunities but also by its ability to meet increasingly stringent requirements on quality, food safety, and traceability. In practice, tilapia farming in Vietnam is not a spontaneous or loosely regulated activity; rather, it operates under a comprehensive legal and technical framework covering the entire value chain—from hatcheries and farming to processing and exports.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 1.9 billion in the first five months of 2026, up 12% compared with the same period last year. Amid continued volatility in the global seafood market, this result demonstrates that the shrimp sector has maintained positive growth momentum, supported by improving demand in several Asian markets, particularly China.
(seafood.vasep.com.vn) On June 16, the Department of Agriculture and Environment of Ca Mau Province announced that the locality has established a farming area code for nearly 30,400 hectares of mud crab aquaculture and granted export facility codes to five enterprises eligible to export mud crab officially to markets such as China, Cambodia, Singapore, and the United Arab Emirates (UAE).
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