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) In 2025, Vietnam’s tuna exports to Spain increased by 13% compared to 2024. This growth trend has continued into the first two months of 2026. According to Vietnam Customs statistics, export turnover to this market reached nearly USD 3 million in January–February 2026, up 101% year-on-year and significantly higher than the same period in 2024. This development indicates that Spain is once again becoming a notable destination for Vietnamese tuna amid strong demand for tuna raw materials and products in Europe.
(seafood.vasep.com.vn) The 2026 brackish water shrimp farming season in the Mekong Delta has started earlier than usual, mainly driven by positive market signals, as shrimp prices in 2025 remained high and supply was limited. Many enterprises and farms in Cần Thơ, Cà Mau, and Vĩnh Long have proactively stocked early to seize opportunities. By early 2026, stocking areas in many localities had reached a high proportion of planned targets, with intensive and high-tech farming models expanding rapidly.
(vasep.com.vn) Vietnam’s tilapia exports to the United States recorded remarkable growth in 2025, opening up major opportunities while also presenting considerable challenges. The U.S. remains the largest importer of Vietnamese tilapia fillets, with export turnover reaching USD 40 million—an increase of up to 499% compared to 2024. This impressive growth reflects strong demand in the U.S. market, as supply from competing countries such as China has been constrained by tariffs and rising production costs.
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(seafood.vasep.com.vn) Following damage caused by Storm No. 13 in late 2025, brackish water shrimp farming in Gia Lai is being rapidly restored. In key farming areas such as Tuy Phước and Tuy Phước Đông, farmers are focusing on rehabilitating ponds, repairing infrastructure, and treating the environment in preparation for the 2026 crop.
(seafood.vasep.com) Facing the decline in fishery resources, Vietnam is accelerating livelihood transitions for fishermen to reduce fishing pressure and move toward sustainable development. Marine fish stocks have dropped significantly from 4.82 million tons in 2000–2005 to 3.95 million tons in 2016–2020.
(seafood.vasep.com.vn) Vietnam’s shrimp industry is entering a period of strong transformation with the emergence of various high-tech farming models, helping improve productivity and competitiveness. Over the past 5–10 years, farming practices have shifted from traditional methods to intensive and super-intensive systems, featuring lined ponds, environmental sensors, automated feeding, and data management.
(seafood.vasep.com.vn) With a focus on sustainable development, high-tech application, and climate change adaptation, An Giang Province aims to maintain its brackish water shrimp production in 2026 at a level equivalent to the previous year. Specifically, output is projected to reach over 155,510 tons, serving both domestic consumption and export processing, thereby sustaining the fisheries sector’s key role in the local economic structure.
(seafood.vasep.com.vn) In the Mekong Delta, key pangasius farming provinces such as An Giang, Dong Thap, and Can Tho are accelerating the transition toward a circular economy model, contributing to higher product value and reduced environmental impact. Instead of focusing solely on farming and processing, the pangasius value chain is increasingly utilizing by-products and waste streams to generate added value.
(vasep.com.vn) Vietnam’s scallop exports are entering a phase of impressive growth, as the global market undergoes significant restructuring. In 2025, scallop export value reached nearly USD 66 million, up 49% from USD 44 million in 2024. This upward momentum has continued and accelerated into early 2026, with exports totaling USD 18.1 million in the first two months alone—an increase of 166% year-on-year. This represents an exceptionally high growth rate, reflecting the rapid expansion of a relatively new product segment within Vietnam’s mollusk export portfolio.
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