By October 2022, shrimp exports reached nearly $3.8 billion, up 18%. Shrimp exports in 2022 are expected to reach over $4.4 billion, up 14% compared to 2021. The main export shrimp products are vannamei shrimp, accounting for 75% with over $3.2 billion, black tiger shrimp accounting for about 13% with nearly 1.5 billion USD.
In 2022, inflation and the Russia-Ukraine conflict have helped affordable white fish such as pangasius increase export sales. Most markets have increased by 40-200% of Vietnam's pangasius imports.
Pangasius exports by the end of October 2022 reached nearly 2.1 billion USD, up 77% compared to the same period in 2021. It is expected that in 2022, pangasius exports will reach over 2.4 billion USD, up 49% compared to the same period in 2021.
Tuna exports by the end of October were estimated at US$884 million, up 49% over the same period. In 2022, for the first time, tuna will become an export commodity of over 1 billion USD.
Taking advantage of domestic and imported raw materials, tuna businesses process a variety of products and promote the export of frozen loin/fille and canned tuna and flexibly follow market trends in the current period (Covid, inflation, etc).
As of October 2022, exported cephalopod products have achieved sales of 630million USD, up 33%. It is estimated that in 2022, the export of this product will reach 760 million USD, up 25% compared to 2021.
By the end of November, Vietnam's seafood exports are expected to reach more than 10 billion USD - a historical record of Vietnam's seafood industry in more than 20 years.
The seafood industry in 2022 is estimated to account for 3% of Vietnam's total merchandise exports. Compared to the total export turnover of other economic sectors, the fisheries sector contributes nearly 12% of the value. While the proportion of the group of agricultural, forestry and fishery products in general is decreasing by 0.6% points, the aquatic products industry has increased by 0.4% points. This result reflects a breakthrough and the increasingly important role of the fishery industry in the GDP of the whole country, especially in the export of agricultural, forestry and fishery products.
On the world seafood export map, Vietnam is currently the third largest exporting country, just behind China and Norway - two superpowers with a much larger land and water surface area than Vietnam. With the results of 2022, it is estimated that Vietnamese seafood will account for over 7% market share in the world market.
Compiled by Thuy Linh
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
(seafood.vasep.com.vn) In January 2025, the country's total seafood output was estimated at 594,100 tons, a 0.7% increase compared to the same period last year. Specifically, fish production reached 443,400 tons, up 0.7%; shrimp output was 56,300 tons, up 3.1%; and other seafood products totaled 94,400 tons, down 0.9%.
(seafood.vasep.com.vn) The industrial pangasius production in Vinh Long province in 2024 reached 95,100 tons, a 4% decrease compared to 2023. Despite the decline in production, positive trends in the final months of the year offer hope for improving economic efficiency in the near future. Additionally, the increase in the area for industrial pangasius farming and the maintenance of overall aquaculture area demonstrate the province’s efforts to sustain its production activities.
(seafood.vasep.com.vn) In January 2025, Vietnam's total seafood export value reached 774.3 million USD, a 3.3% increase compared to the same period in 2024. This is a positive result compared to January 2023, when the Lunar New Year fell at the end of the month, significantly impacting export outcomes.
(seafood.com.vn) In 2024, Vietnam exported shrimp to 107 markets, up from 102 in 2023. The top 5 major markets for Vietnam’s shrimp exports were China & Hong Kong, the U.S., Japan, the EU, and South Korea, accounting for 76% of the total shrimp export value.
(seafood.vasep.com.vn) In 2024, Vietnam's seafood sector successfully exported to numerous countries, reaching a milestone of USD 10 billion, a 12% increase compared to 2023. 2025 promises to be a prospective year for promoting exports to various markets, including target and potential markets such as the US, China, ASEAN, and the Middle East.
(seafood.vasep.com.vn) The EU has been one of the largest consumers of Vietnamese pangasius over the past decade. However, data from Vietnam Customs reveals a gradual decline in EU imports of pangasius from Vietnam over the last five years.
The Report on Vietnam Seafood Exports in 2024 by the Vietnam Association of Seafood Exporters and Producers (VASEP) was published amid positive developments in the country's seafood industry, marking a successful year with a total export value of USD 10 billion, a 12% increase compared to 2023. This milestone underscores the sustainable growth and exceptional potential of the seafood sector in contributing to the national economy.
(seafood.vasep.com.vn) Vietnam's tuna sector faced numerous challenges in the latter half of 2024. While the year proved memorable, with export turnover reaching nearly USD 1 billion, maintaining this growth trajectory requires renewed impetus for the tuna industry.
With Tet (Lunar New Year) approaching, fishermen along Vietnam's central coast are capitalizing on favourable weather conditions to intensify their fishing efforts, meeting the burgeoning demand for seafood across the nation.
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