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) After a relatively sluggish first quarter, Vietnam's exports of fish cakes and surimi showed a clearer recovery in the second quarter, particularly in June. Export value in the first six months of 2026 reached USD 148 million, down 2% year on year. However, the newly imposed 12.5% additional U.S. tariff on Vietnamese goods, intensifying competition in Northeast Asia, and increasingly stringent traceability requirements in the EU are making the outlook for the second half of the year more uncertain.
(seafood.vasep.com.vn) In June 2026, Vietnam's shrimp exports reached nearly USD 458 million, up 24% year-on-year. In the first six months of 2026, export value totaled USD 2.35 billion, an increase of 14.2% compared with the same period last year. Growth was driven mainly by the Chinese market and the strong performance of lobster exports, while shrimp exports continued to face pressure from U.S. tariffs and rising logistics costs.
(seafood.vasep.com.vn) As part of Vietfish 2026, the Hosted Buyer Program is designed as a specialized B2B matchmaking initiative for selected international buyers, providing opportunities to meet directly with Vietnamese seafood exporters, gain the latest market insights, and experience Vietnam's seafood supply chain firsthand.
(seafood.vasep.com.vn) A project titled "Sustainable Shrimp Industry Governance" has been launched in Ca Mau Province with the aim of supporting the transition of the province's shrimp industry toward higher quality, lower emissions, stronger governance capacity, improved supply chain traceability, and the development of a sustainable shrimp brand that meets the increasingly stringent requirements of export markets.
(seafood.vasep.com.vn) Khanh Hoa Provincial Agricultural Extension Center, in collaboration with the Northern Center for Marine Aquaculture Research and the Van Hung Public Service Center, recently organized a training course on disease-free golden pompano seed production. The program is part of a National Agricultural Extension Project aimed at developing industrial-scale seed production models to support sustainable marine aquaculture.
(seafood.vasep.com.vn) Vietnam’s pangasius exports have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
(seafood.vasep.com.vn) The application of high technology in shrimp farming is delivering positive results in the coastal areas of Vinh Long Province, contributing to improved production efficiency and creating significant potential for further industry expansion. However, to fully capitalize on this potential, the province is focusing on aquaculture zoning, infrastructure investment, and promoting modern, sustainable production.
(seafood.vasep.com.vn) Đồng Tháp Province has intensified efforts to curb illegal fishing by strengthening vessel monitoring, law enforcement and seafood traceability.
(seafood.vasep.com.vn) Seafood businesses need solutions to overcome bottlenecks such as labor shortages, difficulty accessing capital, high input costs, and administrative procedures in order to maintain production, adapt to market fluctuations, and effectively exploit export opportunities.
(seafood.vasep.com.vn) The FTA would widen access to markets with strong demand for premium food products in line with the country’s strategy of shifting exports towards increasing added value.
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