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) Tomorrow, August 19, 2026, the Vietnam International Seafood Exhibition – Vietfish 2026 will officially open at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. Taking place over three days, from August 19–21, Vietfish 2026 promises to provide a dynamic platform for business networking, trend updates, product experiences and comprehensive cooperation across the domestic and international seafood community.
(vasep.com.vn) The global tilapia market continues to grow, creating significant opportunities for countries with strengths in aquaculture, processing, and exports. Against this backdrop, Vietnam’s tilapia industry is gradually developing toward higher quality, greater product diversification, and broader market reach. At Vietfish 2026, the Vietnam Association of Seafood Exporters and Producers (VASEP), together with the VASEP Tilapia Producers and Exporters Club, will host a joint booth to promote the image and potential of Vietnamese tilapia to domestic and international buyers.
(seafood.vasep.com.vn) Vietnam’s seafood exports are heading towards $12 billion this year, potentially the highest level on record. Yet one of the country’s export strengths is facing a growing list of challenges.
(seafood.vasep.com.vn) The first six months of 2026 indicate that Vietnam’s tilapia industry is entering a new phase of development, with strong export growth but also greater demands for production scale, quality and international competitiveness.
(seafood.vasep.com.vn) Vietfish 2026, the Vietnam International Seafood Exhibition, will officially take place from 19–21 August 2026 in Ho Chi Minh City. As Vietnam’s largest annual seafood trade event, organized by the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietfish 2026 will once again bring together leading seafood companies, industry experts, and international partners from across the global seafood value chain.
(seafood.vasep.com.vn) Vietnam’s seafood exports reached USD 1.1 billion in July 2026, up 4.8% compared to the same period in 2025. Cumulative exports in the first seven months of the year totaled nearly USD 6.86 billion, an increase of 11.5% year-on-year. Exceeding the USD 1 billion mark in July further reinforces the prospect that Vietnam’s seafood exports could surpass USD 12 billion in 2026. However, the July figures also send a clear signal that the most favorable growth period may have passed: overall export growth slowed to just 4.8%, pangasius exports fell 6.1%, tuna exports were virtually flat, while exports to the EU, South Korea, and the Middle East all recorded double-digit declines.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the seminar "Global Seafood Market and the Future Workforce: Trends, Opportunities, and Sustainable Development Pathways for Vietnam's Seafood Industry" will take place from 2:00 p.m. to 4:15 p.m. on August 19, 2026, at Convention Room B, Level 2, SECC, Ho Chi Minh City. This is the first of five specialized seminars at Vietfish 2026, focusing on key issues that are shaping the long-term development of Vietnam's seafood industry.
(seafood.vasep.com.vn) Vietnamese seafood exports recorded impressive growth, generating nearly 6 billion USD in revenue during the first six months of the year, up 13% compared with the same period last year.
(seafood.vasep.com.vn) Fishermen in Ha Tinh are gradually overcoming difficulties to maintain the efficiency of seafood exploitation. In the first six months of 2026, the entire province achieved a production of more than 23,000 tons of seafood, worth more than 1,200 billion VND.
(seafood.vasep.com.vn) June 2026 brought encouraging signs for Vietnam's tuna exports, with export value rising 20% year-on-year to nearly USD 72 million. However, this increase has yet to offset the prolonged slowdown seen in key markets such as the European Union (EU), where import demand remains weak. The outlook for the second half of the year is expected to become more challenging as freight rates continue to climb.
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