The export result in February was more positive than the previous month with a modest increase of 4%. However, this does not reflect the recovery trend as the same period in 2022 was the Lunar New Year.
Accumulated in the first two months of the year, seafood exports reached over $1.1 billion, down 26% over the same period in 2022. Of which pangasius exports fell by 38% to $240 million, shrimp fell by 37% to $350 million , and tuna fell 27% to 113 million USD. Exports of cephalopod and marine fish tend to be more positive with a growth of 6% each, reaching USD 103 million and USD 273 million, respectively.
The reopening of the Chinese market brings opportunity for Vietnamese seafood exporters, especially pangasius exporters
The reopening of the Chinese market has created favorable conditions for exporters. In Feb, seafood exports value to this market increased by 33% to 122 mil USD. Accumulating the first 2 months of 2023, seafood exports to China reached 158 mil USD, decreasing 7%.
The US and EU markets have not shown any sign of recovery in Feb, thus exports to these two markets fell by 35% and 8% respectively. By the end of February 2023, seafood exports to the US were down 53% to 164 mil USD, to the EU down 32% to 123 million USD.
Seafood exports to Korea, CPTPP countries and some other markets tend to be more positive. South Korea increased by 26% in importing Vietnamese seafood in February, while the CPTPP bloc increased by 14%. However, due to a sharp decrease in January, the results for the first 2 months of the year to these markets were still lower than in the same period.
The market demand is gradually recovering, especially at the Chinese market and many other small markets. The raw material of aquatic materials (shrimp, pangasius) will also increase in the next month, thus exports in March and April will increase.
|
Vietnam seafood exports in the first 2 months of 2023 (Mil USD) |
||||
|
Product |
Feb 2023 (estimated) |
Change(%) |
Jan-Feb/2023 (estimated) |
Change(%) |
|
Shrimp |
208.703 |
-15% |
350.130 |
-37% |
|
Pangasius |
156.157 |
-9% |
239.807 |
-38% |
|
Tuna |
62.466 |
-7% |
112.832 |
-27% |
|
Other fish |
157.736 |
59% |
273.192 |
6% |
|
Cephalopod |
60.290 |
76% |
103.106 |
6% |
|
Shell mollusc |
9.728 |
30% |
18.375 |
-5% |
|
Other molluscs |
1.173 |
23% |
1.261 |
18% |
|
Crab and other crustaceans |
6.516 |
-41% |
19.713 |
-42% |
|
Total |
662.770 |
4% |
1,118.417 |
-26% |
Compiled by Thuy Linh
(seafood.vasep.com.vn) After two consecutive years of decline, Vietnam’s fish cake and surimi exports rebounded in 2025. Export turnover of this product group exceeded USD 344 million, up 15% year-on-year compared with 2024 and 13% higher than 2023, although still below the peak level recorded in 2022.
(seafood.vasep.com.vn) By the end of 2025, Vietnam’s seafood industry had left a strong mark with export turnover reaching nearly $11.3 billion, up 12.4% year-on-year. This robust performance reflects not only a rebound in global consumption demand but also the agile adaptation of domestic firms in navigating increasingly stringent trade barriers.
(seafood.vasep.com.vn) According to the 2025 review and 2026 outlook conference held by the Directorate of Fisheries and Fisheries Surveillance on the afternoon of January 7, Vietnam’s seafood sector has set a total production target of over 10 million tons in 2026, representing a 0.6% increase year-on-year. Of this total, capture fisheries are projected at around 3.75 million tons (down 2.1%), while aquaculture output is expected to reach 6.25 million tonnes (up 2.2%) compared with 2025.
(seafood.vasep.com.vn) Sao Ta Food JSC (Fimex, Ticker: FMC) has announced its 2025 business results, reporting revenue of over $300 million (approximately 7.8 trillion VND), representing a 19.8% increase year-on-year; projected profit is expected to reach approximately 420 billion VND.
(seafood.vasep.com.vn) Vietnam’s fisheries sector concluded 2025 with landmark achievements: export turnover reached a record high, despite heightened volatility in global trade and increasingly stringent barriers from major markets, most notably the United States. Amid a mix of opportunities and challenges, the fisheries sector also witnessed important policy shifts. Together, these developments form a multifaceted picture of an industry proactively adapting and restructuring toward a trajectory of sustainable development.
(seafoos.vasep.com.vn) According to the Department of Agriculture and Environment of Vinh Long, the province’s shrimp farming area reached 69,800 hectares in 2025, including 7,500 hectares under high-tech farming models, 18,820 tons of black tiger shrimp and 293,000 tons of whiteleg shrimp.
(seafood.vasep.com.vn) Building on a robust growth momentum in 2025, Nghe An province has set a strategic goal to reach a total fisheries output of 270,000 tons by 2026, reinforcing its position as a key hub for aquaculture and exploitation.
(seafood.vasep.com.vn) Can Tho City statistics indicate that in 2025, following the merger of three former administrative entities - Can Tho, Hau Giang and Soc Trang - fisheries output in 2025 increased by 6.23% compared with 2024 with aquaculture production nearly 9.1 times higher than capture fisheries.
(seafood.vasep.com.vn) According to the Ca Mau Department of Agriculture and Rural Development, Ca Mau province has achieved significant, comprehensive and substantive progress in combating IUU fishing in 2025, successfully fulfilling all tasks directed by the central government and strengthening fisheries governance. These efforts have established a solid foundation for the nationwide effort to lift the EC’s "yellow card" warning.
(seafood.vasep.com.vn) Ca Mau has exceeded its 2025 production targets, reaching nearly 595,000 tons of shrimp. This milestone reinforces the province’s position as Vietnam’s leading shrimp producer and a bright spot in the country’s seafood sector.
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