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
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(seafood.vasep.com.vn) More than five years after the UK-Vietnam Free Trade Agreement (UKVFTA) took effect, Vietnamese seafood is steadily expanding its market share in the United Kingdom, one of Europe’s major seafood import markets with stable and diverse consumer demand.
(seafood.vasep.com.vn) At Van Hung Commune, Khanh Hoa Province, the Khanh Hoa Agricultural Extension Center, in collaboration with the Northern Aquaculture Research Center and the Van Hung Public Service Center, organized a technical training course on the industrial-scale production of disease-free golden pompano (Trachinotus falcatus) seed for local marine fish farmers.
(seafood.vasep.com.vn) Vietnam’s squid and octopus exports maintained a strong recovery in the first five months of 2026, reaching more than USD 302 million, up 17% compared to the same period in 2025. Growth was primarily driven by Asian markets, including South Korea, Japan, Thailand, and China, while exports to the United States and the European Union continued to face headwinds from cautious consumer demand and increasingly stringent compliance requirements.
Vietnamese seafood giant Minh Phu Group has inaugurated a VND1.5 trillion (US$57.4 million) seafood processing plant in Ca Mau Province.
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(seafood.vasep.com.vn) Vietnam’s tuna exports reached USD 367 million in the first five months of 2026, down 7% compared to the same period in 2025. While the decline is not yet severe, the more concerning issue is that pressure is mounting in key markets such as the United States and the European Union, just as ocean freight rates are rising sharply on long-haul routes. The current situation is therefore not merely about slower orders, but rather a clear restructuring phase for Vietnam’s tuna industry.
(seafood.vasep.com.vn) The year 2026 marks a period of strong growth for Vietnam’s tilapia industry, but it is also a time when international export competition is becoming increasingly intense. Vietnam’s tilapia exports reached USD 99 million in 2025, up 140% compared to the previous year. In the first four months of 2026 alone, export value reached USD 49 million, a 151% increase year-on-year. As global demand for affordable whitefish continues to rise, Vietnam is emerging as a noteworthy competitor to traditional tilapia powerhouses such as China, Indonesia, Brazil, and Egypt.
(seafood.vasep.com.vn) With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish.
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