Accordingly, accumulated Vietnam seafood export in the first 5 months of 2022 brought a turnover of over 4.6 billion USD, going up 42% over the same period in 2021.
Seafood exports in May 2022 have slowed down slightly compared to the previous month mainly due to the reduction in shrimp export. While April has experienced a dramatic increase of 47%, shrimp exports in May reached US$416 million, an increase of 19%. By the end of May, shrimp exports were estimated at about US$1.8 billion, up 38%, accounting for 39% of the total turnover of seafood exports.
Some enterprises state that shrimp exports in the first four months increased dramatically for four reasons. First, demand significantly recovered after the Covid pandemic; Secondly, the raw materials are available thanks to the reserve and inventory sources in 2021. Third, many enterprises succeeded in signing contracts with high prices at the end of last year in the complex development of Covid 19. Fourth, global inflation in food and seafood has led to higher prices of exported shrimp. Finally, Vietnamese enterprises are gradually returning to international seafood fairs in the US and EU, etc.
However, the unfavorable weather from the beginning of May would be a disadvantage for farmed shrimp. The first rain of the season comes earlier than usual, affecting shrimp production and signaling a negative sign in the source of shrimp materials. In May and the next few months, it is likely that shrimp materials supply will be in a shortage. Besides, the shrimp demand in some main import markets tends to slow down after a strong increase from the end of 2021 until now. Therefore, shrimp exports in the second quarter are expected to grow slower than in the first quarter.
Pangasius exports in May increased by 65% to 245 million USD, also a lower growth compared to April. However, accumulated pangasius exports in the first 5 months of the year remain at a high growth rate of nearly 90%, equivalent to over 1. 2 billion USD. This year, the record of the price inflation of food and seafood in the world is an advantage for Vietnam's pangasius exports. Pangasius exports grow sharply, especially in the US, EU, and China markets.
Tuna exports still maintained a high growth rate of 41% in May 2022, reaching over US$93 million. By the end of May 2022, tuna exports reached $461 million, an increase of 58% over the same period in 2021. Exports of other marine products such as cephalopods crabs, and mollusk shells are all going up but still lower than in April.
Moreover, the continuous war situation in Russia will affect economic sectors, including fishing, and the scarcity of raw materials consequencing from the high cost of fishing. Therefore, the source of marine materials for export processing will be the current difficult problem for enterprises.
|
Seafood export in the first 5 months of 2022 (US$ mil.) (Estimated) |
|||||
|
Products |
May/2022 |
Growth (%) |
Jan- May/2022 |
Growth (%) |
Proportion (%) |
|
Shrimp |
416.495 |
19.3 |
1813.550 |
38.3 |
38.9 |
|
Pangasius |
245.118 |
65.1 |
1208.391 |
89.4 |
25.9 |
|
Tuna |
93.427 |
41.5 |
461.208 |
58.2 |
9.9 |
|
Other fishes |
160.345 |
8.5 |
759.565 |
7.6 |
16.3 |
|
Cephalopod |
57,548 |
11,3 |
270,358 |
25,2 |
5,8 |
|
Mollusk shells |
12,096 |
0,8 |
58,561 |
21,4 |
1,3 |
|
Other mollusks |
714 |
171,6 |
2,644 |
-34,2 |
0,1 |
|
Crab and other crustaceans |
15,766 |
9,3 |
84,611 |
46,6 |
1,8 |
|
Total |
1.001,507 |
26,8 |
4.658,888 |
42,4 |
100,0 |
Compiled by Thuy Linh
(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.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the Vietnam Association of Seafood Exporters and Producers (VASEP), in collaboration with the Agency for Domestic Market Management and Development under the Ministry of Industry and Trade, will organize the Domestic Seafood Supply–Demand Matching Program on the morning of August 20, 2026, at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City. The program aims to foster direct business connections between Vietnamese seafood producers and processors and domestic distributors, retailers, and foodservice channels.
(seafood.vasep.com.vn) The Cooking Show will be one of the most engaging experiential highlights of Vietfish 2026. Taking place over three days, from August 19–21, 2026, at Hall B1, SECC, Ho Chi Minh City, the event will offer visitors a vibrant culinary space where Vietnamese seafood is showcased through its flavors, stories, and real-life culinary applications.
(seafood.vasep.com.vn) Vietnam's pangasius exports reached USD 205 million in June 2026, up 5% compared with the same month in 2025. Cumulative export value for the first six months of the year totaled USD 1.1 billion, an increase of 12% year-on-year. Growth was primarily driven by strong demand from China and CPTPP markets, while exports to the United States and Brazil continued to decline.
(seafood.vasep.com.vn) In the first six months of 2026, Ha Tinh province continued to implement comprehensive solutions to combat IUU fishing; strictly manage the fishing fleet, control fishing vessels entering and leaving ports, operate vessel tracking devices, trace the origin of seafood, and severely punish violations.
(seafood.vasep.com.vn) Vietnam's tilapia exports reached USD 7 million in June 2026, down 32% compared with the same month in 2025. Nevertheless, thanks to strong growth in the first five months of the year, cumulative tilapia exports in the first half of 2026 totaled USD 69 million, up 67% year on year.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company, a member of the Vietnam Association of Seafood Exporters and Producers (VASEP), has been honored with the "Famous Brand - Competitive Vietnamese Brand 2026" certification at an award ceremony organized by the Vietnam Intellectual Property Association (VIPA).
(seafood.vasep.com.vn) China imported nearly $1.4 billion worth of Vietnamese seafood in the first half of the year, a 40% increase compared to the same period last year, surpassing the US to become the largest export market for the industry.
(seafood.vasep.com.vn) As part of Vietfish 2026, the International Seafood Hosted Buyer Program has been designed as a dedicated B2B matchmaking initiative for selected international buyers. The program provides opportunities to meet directly with Vietnamese seafood companies, gain market insights, and experience Vietnam's seafood supply chain firsthand.
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