Seafood exports to Russia in March and April decreased by 86% and 46%, respectively, because of traffic congestion and difficult trade payments. However, from May, seafood exports to Russia recovered gradually and from July, exports reversed, increasing by 36% and increasing strongly by 98% in August.
Pangasius is still the most exported product, accounting for 22% of seafood exports to the Russian market with nearly 21 million USD in the first 8 months of this year, down 12% compared to the same period last year. In which, frozen pangasius fillets accounted for about 75%, whole pangasius accounted for 14%, and sliced pangasius accounted for 11%.
While the export of most seafood products to Russia decreased because of the interruption in the first stage of the Russia-Ukraine war, the export of Yellowstripe scad, tuna and anchovies to this market still maintained positive growth. In which, tuna exports accounted for 17%, increased by 97% to nearly 16 million USD, Yellowstripe scad increased by 6% to 14.6 million USD, accounting for 15%, anchovies increased by 27% to 4.6 million USD.
Exports of white leg shrimp, fish cakes & surimi all decreased by over 50% over the same period last year. In which, whiteleg shrimp exports reached over 16 million USD, accounting for 17%, surimi fish cake exports reached over 12 million USD, accounting for 13%.
Vietnam seafood exports to Russia revesered, increase sharply from August
In the first 8 months of 2022, there were 39 Vietnamese enterprises exporting seafood to Russia. In which, Nam Viet Corp accounted for the largest proportion of 13% with the main product being pangasius. Followed by Sai Gon Food Import Export JSC(12%), Hai Vuong Company Limited (12%), Anh Long FOOD CO.,LTD (8%) and Minh Phu Seafood Corp (7%)… In 2022, 6 more enterprises are allowed to export seafood to Russia, so there are currently 54 enterprises allowed to export to this market.
According to Mr. Duong Hoang Minh, Vietnam's Trade Counselor in Russia, when the Russia-Ukraine war happened, the Russian banking system was blocked, the ruble was devalued, but Russia took quick actions to keep the foreign currency source stable. Despite economic sanctions from many G7 countries, the Russian market is still quite stable because Russia still has many other partners, and Russia's exports to the world market are still increasing. In 2021, Russia's trade surplus will reach about 70 billion USD. This year Russia's trade surplus is forecast to be even larger. The payment problem for exporting to Russia is no longer difficult and the market space is still large.
According to Mr. Minh, transporting goods from Vietnam to Russia has become more convenient. Currently, the Russian shipping group has opened a direct transport route from Ho Chi Minh City - Hai Phong - Vladivostok and there have been a number of other shipping lines running new routes, the transportation is faster and the time is shorter. In addition, there is a rail transport system to support trade with Russia.
With many positive signals, seafood exports to the Russian market will continue to recover in the last months of this year. It is forecasted that in 2022, Vietnam's seafood exports to Russia will record a growth of 16%, reaching over 190 million USD.
|
Top 10 Vietnam seafood exporter to Russia (Jan-July/2022) |
|
|
Company |
Proportion (%) |
|
Navico (Nam Viet Corp) |
13.1 |
|
Sai Gon Food Import Export JSC |
12.1 |
|
HAVUCO |
12.1 |
|
Anh Long FOOD CO.,LTD |
8.0 |
|
Minh Phu Seafood Corp |
7.3 |
|
SG TAM TAM JSC |
6.0 |
|
TRANHAN CO., LTD |
4.7 |
|
HTFOOD |
3.5 |
|
Hai Trieu Company Limited |
3.4 |
|
BASEAFOOD |
2.7 |
Compiled by Thuy Linh
(seafood.vasep.com.vn) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.
(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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