In the third quarter of 2022, Vietnam’s shrimp exports reached 1.13 billion USD, only a slight increase of 9% compared to the same period last year. In which, whiteleg shrimp exports only increased by nearly 4%, black tiger shrimp exports decreased by 7%. Particularly in September, whiteleg shrimp exports decreased by 5% over the same period, black tiger shrimp exports were down 7%. However, lobster exports in the third quarter increased more than 4 times over the same period.
In October, with a decrease of 16%, shrimp exports clearly revealed the downward trend of the import market as well as the inadequacies of shrimp enterprises in particular and the whole seafood industry in general.
Accordingly, in October 2022, shrimp exports earned only 360 million USD, the lowest level since the beginning of 2022 (except in February coincided in the Lunar New Year holiday). Accumulated to the end of October, the shrimp export industry recorded sales of over $3.7 billion, up 18% over the same period last year.
In October, the main markets all experienced a sharp decline in shrimp imports from Vietnam. Accordingly, shrimp exports to the US dropped 56% to over US$52 million, to Japan decreased by 19%, to Korea decreased by 26%, to the UK and EU countries decreased deeply by 55% - 88%. Particularly, exports to China and Hong Kong still maintained growth of 18% and 14% respectively compared to October 2021.
By the end of October, although it decreased by 19% over the same period, the US market still accounted for the largest proportion, accounting for nearly 20% of Vietnam's shrimp exports with a turnover of 727 million USD, equivalent to about 63 thousand tons of shrimp.
According to statistics of the US Department of Agriculture, in the first 9 months of this year, this market imported about 646.5 thousand tons of shrimp from 40 countries, worth over 6 billion USD. Import volume was similar to the same period last year, but value increased by 9%. The reason is that the average import price increased by 8.4% to 9.41 USD/kg.
Vietnam is the fourth largest shrimp supplier in the US market, accounting for 9% in volume and 11% in value. The average price of Vietnamese shrimp imports into the US was 9% higher than the same period last year, from 10.59 USD to 11.54 USD/kg.
India, Indonesia and Ecuador still hold the dominant market share with 35%, 20% and 19% in value. The average price of shrimp imports from these three countries into the US reached $9.25, $9.63 and $7.67/kg, respectively, also increasing by 7-10% over the same period last year.
Besides the US, shrimp exports to Italy by the end of October also decreased by 18%, to the UK by 6%. Economic and political instability and the upward trend in commodity prices, especially energy prices, have had a heavy impact on the Italian and British markets this year, causing imports of most goods to decrease.
However, shrimp exports to other markets by the end of October still maintained a positive growth, of which to China increased by 70%, to Australia by 50%, to Canada by 38%, to South Korea by 31%.
Vietnam shrimp exports in the last 2 months of 2022 are hard to keep the same growth as in previous months even though the upcoming end year holidays. The demand in the market is decreasing, the source of raw materials facing difficulties and production cost is increasing while enterprises and farmer are lacking of capital to rotate investment in production - processing for export
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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