Whiteleg shrimp and black tiger shrimp exports recorded double-digit growth, while the export value of other types of shrimp increased by three digits. Fresh or frozen shrimp products grew stronger than processed shrimp products.
Among the main import markets, Vietnamese shrimp exports to China and Hong Kong recorded the strongest growth of 275%, reaching 42 million USD in January 2024. Thanks to strong growth, China and Hong Kong were Vietnam's largest shrimp import markets in January 2024, accounting for 17.5%. Shrimp exports from Ecuador (the main competitor of Vietnamese shrimp in the Chinese market) this year are not expected to go smoothly due to insecurity in the shrimp industry and the general difficulties of the global shrimp industry. Along with the great demand from China and the country's import priority policy, this can be considered an opportunity for Vietnamese shrimp exports to China in 2024.
In January 2024, shrimp exports to the US continued the growth momentum from the last months of 2023, increasing by 77% to reach 41 million USD. Shrimp exports to the US in 2024 are somewhat affected by the US anti-subsidy investigation into shrimp from four countries, including Vietnam.
In the US market, Vietnam accounts for 10% of the market share, ranking 4th after India (36%), Ecuador (22%), and Indonesia (18%). In 2023, peeled raw shrimp were imported the most into the US, recording slight growth; breaded shrimp and steamed shrimp recorded a decrease.
Shrimp exports to Japan and Korea in the first month of this year grew by 30% and 21%, reaching 37 million USD and 23 million USD, respectively.
After continuously declining in 2023, shrimp exports to the EU increased 22%, reaching 30 million USD in the first month of this year.
After the growth numbers in the first month of the year, looking at the general picture of the market and the shrimp industry in 2024, most businesses see many challenges and difficulties that slow down the ability to recover production and export.
Some shrimp businesses said that orders at the beginning of the year have not shown signs of improvement because the market's purchasing power is still weak. There are still problems, such as high inventory, low purchasing prices, difficulty competing with Indian and Ecuadorian shrimp, etc.
Some businesses see more positive signs in terms of orders but are worried about raw material sources because of the off-season and epidemics, so shrimp output is low.
Concerns about the risk of anti-subsidy tariffs are also a barrier for US importers and Vietnamese export companies. The selling price of Vietnamese shrimp is still quite high compared to other countries, causing fear among importers.
Vietnamese shrimp continue to face competition with Ecuador and India products in terms of price and supply; the oversupply situation and price reduction cycle may continue until at least the first half of 2024.
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
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