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
(vasep.com.vn) Vietnam’s tuna exports sustained their upward trajectory in August 2026, though the pace remained modest at just 2%. The month saw divergent trends across key markets: the US maintained its leading position, Japan and Canada improved, Russia surged and the EU continued to experience a steep downturn. These developments suggest that exporters are entering the final months of the year amid a market environment marked by greater uncertainty.
(vasep.com.vn) Vietnam’s shrimp exports reached $3.3 billion in the first eight months of 2026, up 12% year on year. However, growth momentum is moderating and market divergece is becoming more pronounced, while the US and EU continue to present significant challenges. The latest insights from the Global shrimp forum 2026 (GSF 2026), held in early September, also indicate that the final months of the year will remain highly competitive as global supply continues to expand and buyers place greater emphasis on quality, product specifications, supply consistency and the ability to meet market-specific demand.
(vasep.com.vn) Vietnam’s pangasius exports continued to grow in August 2026, bringing total export value in the first eight months of the year to US$1.5 billion, up 10% year-on-year. August exports alone reached US$205 million, up 6%. However, market performance has become increasingly divergent, with China and Brazil posting positive growth while the U.S. continued to record a sharp decline.
(vasep.com.vn) Vietnam’s seafood exports reached US$1.14 billion in August 2026, up 6.4% year on year, bringing the total for the first eight months to more than US$8.0 billion, an increase of 11.9%. Monthly export value remained above US$1 billion, but August growth was only around half the rate recorded cumulatively through the first eight months. This indicates that the eight-month result was supported significantly by stronger performance in earlier months, while market conditions are entering a less predictable period.
(seafood.vasep.com.vn) Pangasius is attracting growing interest from Japanese seafood companies as prices of many traditional whitefish species remain high and supply becomes increasingly volatile. Notably, seafood group Kyokuyo has recently continued to feature pangasius among its priority products, highlighting its competitive pricing and stable supply.
(seafood.vasep.com.vn) As Vietnam’s tilapia industry searches for new growth opportunities, venturing into brackish-water aquaculture could unlock a formidable competitive moat. Bypassing the volume-and-price bloodbath against established global heavyweights, Vietnam could differentiate itself through high-quality tilapia products tailored to specific farming conditions and value-added market segments.
(seafood.vasep.com.vn) 2026 is rapidly shaping up to be a formidable stress test for Vietnamese pangasius exports to the United States. While exports to alternative markets maintain a resilient growth trajectory, the U.S market has declined significantly. In the first eight months of the year, pangasius exports to the U.S fell by nearly 14% year-on-year, with August alone recording a decline of more than 50%. The trend shows that difficulties in the U.S. market are not driven solely by weak consumer demand, but also by multiple layers of trade barriers that are intensifying simultaneously, particularly additional import tariffs, anti-dumping duties and growing protectionism for the domestic catfish industry.
(vasep.com.vn) Vietnam’s pangasius exports to Japan are showing positive signals in 2026, indicating that the market is opening up greater opportunities for pangasius products, particularly processed and value-added products. In the first seven months of 2026, Vietnam’s pangasius exports to Japan reached US$31 million, up 20% year-on-year. In July alone, export value reached approximately US$5 million, up 30%.
On July 22, 2026, the Government issued Decree No. 292/2026/ND-CP detailing certain articles and providing measures for the organization and implementation of the Law on Foreign Trade Management. The Decree takes effect on September 5, 2026, replacing Decree No. 69/2018/ND-CP.
(vasep.com.vn) Vietnamese pangasius producer Vinh Hoan has won the top prize at the 2026 Seafood Excellence Asia Awards for its Cured Panga Croquette, highlighting the growing potential of value-added pangasius products in international markets.
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