Regarding exported products, the decline in export value was more significant for processed vannamei and black tiger shrimp products when compared to fresh and frozen products. Notably, only exports of canned and dried shrimp showed an increase in value, the export value of the remaining shrimp products all experienced a decrease at double digits.
In July this year, exports to major markets such as Japan, EU, Korea, UK, and Australia continued to record negative growth from 15%-46% while exports to some small markets such as Singapore, Taiwan,and Switzerland still maintained positive growth from 18%-63%. The highlight in July this year was the positive growth in shrimp export turnover to the US and China & HK.
After continuous drop during the first 6 months of the year, shrimp exports to the US in July recorded the first positive growth milestone with an increase of 14%. Shrimp exports to China & HK also had positive sign since the beginning of the year with a rise of 49%.
Vietnam's shrimp exports to China & HK in July 2023 reached US$57 million, up 49% over the same period in 2022. In the first 7 months of this year, shrimp exports to this market reached US$338 million, down 9 % over the same period.
Accoring to data from China Customs, China's warm water shrimp imports in the first 6 months of this year increased by 49% year-on-year to 502,669 tons. Total import value increased 29% to US$2.84 billion. This shows that China's shrimp demand is strong despite the slow economic recovery after the COVID-19 pandemic.
In the first half of this year, Ecuador continued to boost exports to China. After Ecuador promotes the export of cheap inventories with limited harvest due to weather, supply of shrimp from Ecuador to China in the last months of the year will tend to decrease. Demand in the Chinese market in the second half of this year is expected to be good, so it creates good conditions for Vietnam’s shrimp exports to China in the last months of this year to rise.
Vietnam's shrimp exports to the US in July this year reached US$76 million, up 14% over the same period in 2022. Accumulated in the first 7 months, shrimp exports to this market reached US$375 million, down 32%.
In July 2023, Vietnam's shrimp exports reached more than US$320 million, down 16% compared to the same period last year.
The US imported a total of 361,693 tons of shrimp, worth $3 billion in the first 6 months of 2023, down 18% in volume and 29% in value over the same period last year. The average shrimp price in the first half of 2023 reached 8.29 USD/kg, down 13% compared to the same period last year (9.52 USD/kg).
India was the largest shrimp supplier to the US in the first 6 months of 2023, with a total of 129,260 tons of shrimp exported to this market, worth $1 billion, down 15% in volume and 27% in value over the same period. In June, the US imported only 23,274 tons of Indian shrimp, worth US$183.5 million, down 26% in volume and 37% in value. The average price is about 7.88 USD/kg, 14% lower than the same period last year.
Although still facing many difficulties, the growth from the US and China markets in July shows that the demand from the large consumer market is showing signs of "warming".
In the second half of this year, through the peak of the season, the supply decreased, the shrimp price was also near the bottom, importers were motivated to buy and hoard. During the festive season, deeply processed goods that are easier to consume are also an advantage for Vietnamese shrimp.
Positive signals from the US and Chinese markets, businesses have also prepared for the year-end acceleration, along with the support to create conditions for businesses from the Government, ministries and sectors, expected a decrease in shrimp export turnover in the months of the third quarter of 2023 will gradually shrink over the same period and may recover in the last quarter of the year.
Compiled by Thuy Linh
(seafood.vasep.com.vn) Entering 2026, the U.S. whitefish market has shown complex developments as global cod supply continues to tighten, while the U.S. trade environment becomes less stable. In this context, the U.S. market has had to become more flexible in sourcing alternative whitefish. However, relying heavily on Alaska pollock is not a long-term solution, as it is a strictly managed fishery with quotas and sustainability regulations, limiting any rapid increase in output to offset cod shortages.
(seafood.vasep.com.vn) Aquaculture, capture fisheries, and seed production activities in Lam Dong in the early months of 2026 continued to show positive signs, with both output and farming area slightly increasing compared to the same period, contributing to maintaining overall industry stability.
(seafood.vasep.com.vn) According to Vietnam Customs data, tuna exports in the first month of 2026 reached over USD 75 million, up 13% compared to the same period in 2025. Notably, exports increased in most key markets such as Japan, the EU, and Russia, while exports to the United States fell by 6%—a contrasting development amid ongoing adjustments in U.S. import tariff policies and new compliance requirements under the Marine Mammal Protection Act (MMPA), which took effect at the beginning of the year.
(seafood.vasep.com.vn) In March 2026, Vietnam’s tilapia exports recorded strong growth, reaching USD 15 million, up 109% compared to the same period in 2025. Cumulatively, in the first three months of 2026, export value reached USD 38 million, an increase of 174% year-on-year. This result highlights the sector’s robust expansion and reflects rapid growth across multiple markets.
(seafood.vasep.com.vn) In March 2026, Vietnam’s pangasius export value reached USD 182 million, up 1% compared to the same period in 2025. Cumulatively, exports in the first three months of 2026 totaled USD 514 million, an increase of 17% year-on-year, indicating that the growth momentum is being maintained despite signs of slowdown in some markets during March.
(seafood.vasep.com.vn) During peak heat periods, farmers raising pangasius, tilapia, and other freshwater fish in Dong Thap are implementing various technical measures to reduce risks and maintain stable production.
(seafood.vasep.com.vn) Japan continues to be one of Vietnam’s most important and stable shrimp markets. In recent years, shrimp exports to this market have fluctuated in line with Japan’s broader economic and consumption cycles, yet Japan remains a major, high-value destination with stringent standards.
(seafood.vasep.com.vn) In 2025, Vietnam’s tuna exports to Spain increased by 13% compared to 2024. This growth trend has continued into the first two months of 2026. According to Vietnam Customs statistics, export turnover to this market reached nearly USD 3 million in January–February 2026, up 101% year-on-year and significantly higher than the same period in 2024. This development indicates that Spain is once again becoming a notable destination for Vietnamese tuna amid strong demand for tuna raw materials and products in Europe.
(seafood.vasep.com.vn) The 2026 brackish water shrimp farming season in the Mekong Delta has started earlier than usual, mainly driven by positive market signals, as shrimp prices in 2025 remained high and supply was limited. Many enterprises and farms in Cần Thơ, Cà Mau, and Vĩnh Long have proactively stocked early to seize opportunities. By early 2026, stocking areas in many localities had reached a high proportion of planned targets, with intensive and high-tech farming models expanding rapidly.
(vasep.com.vn) Vietnam’s tilapia exports to the United States recorded remarkable growth in 2025, opening up major opportunities while also presenting considerable challenges. The U.S. remains the largest importer of Vietnamese tilapia fillets, with export turnover reaching USD 40 million—an increase of up to 499% compared to 2024. This impressive growth reflects strong demand in the U.S. market, as supply from competing countries such as China has been constrained by tariffs and rising production costs.
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