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.
(vasep.com.vn) Vietnam’s seafood exports in September 2026 are estimated at US$1.135 billion, up 11.9% year-on-year, bringing total exports in the first nine months of the year to US$9.103 billion, up 11.4%. Behind this double-digit growth, however, increasingly divergent market trends are emerging: China–Hong Kong and ASEAN posted strong growth, while the U.S., EU and Japan all recorded declines in September.
(vasep.com.vn) In the first eight months of 2026, Brazil became the largest market for Vietnamese tilapia, with export value reaching US$44 million, up 22,142% year-on-year and accounting for 49% of Vietnam’s total tilapia exports. In August alone, exports to Brazil reached US$4 million. However, behind this remarkable growth is a market that is imposing increasingly stringent requirements on imported supplies.
(vasep.com.vn) Vietnam’s tuna exports sustained their upward trajectory in August 2026, though the pace remained modest at just 2%. The month saw divergent trends across key markets: the US maintained its leading position, Japan and Canada improved, Russia surged and the EU continued to experience a steep downturn. These developments suggest that exporters are entering the final months of the year amid a market environment marked by greater uncertainty.
(seafood.vasep.com.vn) Congalsa has acquired the entire charter capital of Lenger Seafood Vietnam, giving it full ownership of the business and its Nam Dinh processing facility.
(seafood.vasep.com.vn) Ninh Binh Province is entering a peak period of action against illegal, unreported and unregulated (IUU) fishing, focusing on thoroughly addressing violations, closely monitoring fishing vessels at ports and preventing vessels from violating regulations and operating illegally in foreign waters ahead of the European Commission’s (EC) upcoming inspection in 2026.
(vasep.com.vn) The application of biotechnology in seed production is increasingly viewed as a strategic imperative to upgrade pangasius fingerling quality, optimize farming efficiency and anchor sustainable industry development.
(vasep.com.vn) On September 15, 2026, in Can Tho, VASEP and ASC jointly organized a training course titled “New ASC standards: updates and practical implementation guidance for farms, businesses and aquafeed mills”. Beyond briefing stakeholders on updated ASC requirements for aquaculture facilities and feed production, the workshop dedicated substantial floor time to directly addressing on-the-ground compliance bottlenecks encountered by Vietnamese enterprises.
(searfood.vasep.com.vn) Vietnam’s tilapia exports continued to post positive results in the first eight months of 2026, with total export value reaching US$90 million, up 43% year-on-year. However, exports in August alone stood at US$11 million, down 8%, reflecting uneven market developments. Brazil remained the leading market, while Japan recorded notable growth, opening up new opportunities for Vietnamese tilapia products.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.3 billion in the first eight months of 2026, up 12% year on year. However, growth has begun to slow and become more differentiated across markets, while the U.S. and EU continue to present significant challenges. The latest insights from the Global Shrimp Forum 2026 (GSF 2026), held in early September, also indicate that the final months of the year will remain highly competitive as global supply continues to expand and buyers increasingly focus on quality, product specifications, supply stability and the ability to meet market-specific demand.
(seafood.vasep.com.vn) In August 2026, Vietnam’s seafood exports reached $1.14 billion, up 6% year on year. Cumulative eight-month exports rose 11.8% to $8.00 billion, though momentum has cooled compared to the 12.8% growth seen through July. China - Hong Kong and ASEAN are offsetting weakness in the U.S, EU and partly Japan. This divergence will likely widen in Q4 as trade tariffs and traceability requirements directly weigh on new orders.
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