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) Vietnam’s seafood exports in February 2026 reached approximately USD 707 million, up 8% compared to the same period last year. Cumulatively, exports in the first two months of 2026 totaled USD 1.7 billion, an increase of 20.2% year-on-year. The results show that the sector’s recovery momentum has remained relatively solid following strong growth in January, although the pace slowed noticeably in February for several key products and major markets. Within the overall picture, shrimp continues to be the largest pillar, pangasius rebounds strongly, while tuna exports and the U.S. and Korean markets are sending signals that warrant closer monitoring. In March, seafood exports are expected to gain additional momentum from markets other than the U.S., potentially supporting stronger growth.
(seafood.vasep.com.vn) In the first months of 2026, fishing activities in Quang Tri province recorded many positive signals, with output reaching over 15,941 tons. This result not only demonstrates fishermen’s efforts to stay offshore but also reflects the effectiveness of management and support measures implemented by local authorities.
(seafood.vasep.com.vn) In the first months of 2026, IUU prevention models focused on communication and mobilizing fishermen to comply with fisheries laws and avoid encroaching on foreign waters—related to combating illegal, unreported, and unregulated (IUU) fishing—have been implemented in coastal localities of Lam Dong province and have delivered initial positive results.
(seafood.vasep.com.vn) The sharp rise in raw pangasius prices to record levels is sending positive signals for the industry, but experts warn of potential supply–demand imbalances if production is not tightly controlled.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, the country’s total canned tuna export value in 2025 reached over USD 275 million, down 8% compared to 2024. Vietnamese canned tuna products were present in approximately 80 markets worldwide. However, the 2025 picture shows clear divergence: the U.S. maintained stability, the EU declined sharply, while several Middle East–North Africa (MENA) markets accelerated.
(seafood.vasep.com.vn) In 2025, Vietnam’s crab exports reached nearly USD 86 million, up almost 6% compared to 2024. A notable feature of 2025 was the strong market concentration in the United States, which accounted for more than 81% of Vietnam’s total crab export value, up 10% from the previous year. In contrast, exports to several Asian markets declined significantly, resulting in only modest overall growth for the year.
(seafood.vasep.com.vn) In 2025, Vietnam’s tilapia exports recorded impressive growth, with total export turnover reaching over USD 99 million, highlighting the increasingly important role of this product in the country’s seafood export structure. Of this total, tilapia fillets and other fish meat products accounted for USD 61 million, representing 61% of total export value and reaffirming their position as the key product category.
(seafood.vasep.com.vn) Shrimp seed quality is considered the “first link” and a decisive factor affecting the efficiency of the entire commercial shrimp production chain. High-quality seed directly influences survival rates, growth performance, and disease resistance, thereby determining production costs, productivity, and farmers’ profitability.
(seafood.vasep.com.vn) As part of its agricultural restructuring strategy toward sustainability, Quang Tri Province is gradually promoting environmentally friendly aquaculture models. Among these, organic-oriented golden pompano farming is considered a promising direction, aligned with the goals of enhancing production value and building sustainable rural areas.
(seafood.vasep.com.vn) The year 2025 marked a pivotal milestone for Vietnam’s seafood industry in its restructuring process toward sustainability, transparency, and higher value creation, amid continued uncertainties in the global economic and trade environment. Prolonged inflation in major economies, the rising trend of trade protectionism, and increasingly stringent requirements related to environmental standards, traceability, and social responsibility have posed significant challenges to seafood production and exports. Nevertheless, overcoming these pressures, Vietnam’s seafood sector has gradually demonstrated its adaptability, maintained growth momentum, and laid an important foundation for the next stage of development.
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