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) The year 2025 marked a pivotal milestone for Vietnam’s seafood industry in its restructuring process toward sustainability, transparency, and higher value creation, amid continued uncertainties in the global economic and trade environment. Prolonged inflation in major economies, the rising trend of trade protectionism, and increasingly stringent requirements related to environmental standards, traceability, and social responsibility have posed significant challenges to seafood production and exports. Nevertheless, overcoming these pressures, Vietnam’s seafood sector has gradually demonstrated its adaptability, maintained growth momentum, and laid an important foundation for the next stage of development.
(seafood.vasep.com.vn) Amid the increasingly evident impacts of drought and saltwater intrusion, the shrimp-rice production model in Ca Mau province continues to prove itself as a viable direction, contributing to higher farmer incomes, improved soil conditions and the promotion of ecological and sustainable agricultural development.
(seafood.vasep.com.vn) The management of fishing vessels, monitoring of fishing activities, and handling of violations in the fisheries sector in Lam Dong province have continued to be implemented in a synchronized and stringent manner, contributing to raising awareness of legal compliance among fishermen and aiming to end illegal, unreported and unregulated (IUU) fishing.
(seafood.vasep.com.vn) Can Tho’s fishery industry sustained steady growth in 2025 with total aquatic and marine output reaching nearly 783,000 tons, fulfilling 100% of the annual target. Aquaculture, capture fisheries and fishing fleet management were further strengthened, aiming for sustainable development in the coming years.
(seafood.vasep.com.vn) In 2025, Vietnam’s pangasius export turnover reached nearly USD 2.2 billion, up 8% year-on-year. This result indicates that pangasius exports maintained their growth momentum despite significant volatility in the global market environment. In December 2025, pangasius export value reached USD 200 million, up 10% compared to December 2024. This solid performance in the final month of the year reflects increased import demand for consumption and inventory replenishment in key markets.
(seafood.vasep.com.vn) In 2025, Vietnam’s tuna exports to Spain experienced significant fluctuations. According to Vietnam Customs, during the first 11 months of 2025, export turnover for the first 11 months of the year edged up by 0.3% year-on-year, reaching nearly $15 million.
(seafood.vasep.com.vn) Deputy Prime Minister Bui Thanh Son has signed Decision No. 16/QD-TTg, dated January 5, 2026, approving the implementation plan for the Vietnam-Israel Free Trade Agreement (VIFTA). Under the plan, in the coming period, ministries, ministerial-level agencies, government-affiliated entities and People’s Committees of provinces and centrally-run cities must institutionalize and execute tasks focused on the dissemination of information regarding VIFTA and the Israeli market; legislative and institutional development, as well as enhancing competitiveness and human resource growth...
(seafood.vasep.com.vn) Beyond achieving double-digit growth, Vietnam’s fish cake and surimi exports are showing a notable year-end "inflection point": the EU his accelerating with nearly twofold growth, China & Hong Kong are rising sharply, while the largest market, South Korea, signaled a slowdown in November. According to Vietnam Customs data, export turnover of fish cake and surimi reached $327 million in the first 11 months of 2025, up 22% year-on-year; November 2025 alone accounted for $35 million, marking a 5% increase. This serves as a critical foundation for exporters to reassess market structures and competitive intensity while finalizing order strategies for 2026.
(seafood.vasep.com.vn) Ca Mau, widely regarded as the nation’s “shrimp capital”, continued its strong performance in 2025 as shrimp output reached nearly 600,000 tons, maintaining its position as Vietnam’s leading shrimp-producing locality.
(seafood.vasep.com.vn) On December 29, 2025, at the 2025 Pangasius Industry Review Conference held in Can Tho City, the Vietnam Pangasius Association announced that fingerling prices have surged to record levels due to acute supply shortages.
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