Shrimp exports in February 2024 decreased by 11% to 173 million USD due to the Lunar New Year. However, thanks to strong growth in January, cumulative export turnover in the first 2 months of the year still recorded an increase.
The price of raw white leg shrimp and black tiger prawn in Vietnam since January this year tended to gradually increase, although it has not yet recovered to the price level of the same period last year. In the first month of this year, the average price of Vietnamese shrimp exports to the US, UK, and Korea recorded an increase, while the export price to China, the EU, and Japan recorded a decrease.
The Chinese and US markets still show attractiveness
In February 2024, Vietnamese shrimp exports to the China and Hong Kong markets increased by 76% to 39 million USD. This is the only market among the main shrimp import markets that recorded positive growth in February this year. Accumulated in the first 2 months of the year, shrimp exports to China and Hong Kong markets recorded a 3-digit growth of 143%, reaching more than 81 million USD.
The demand for importing Vietnamese shrimp to China in the first two months of this year was quite high. In the first month of this year, China sharply increased shrimp imports to meet Lunar New Year demand. In addition, China reduced imports from Ecuador, China's largest shrimp supplier, so this market increased shrimp imports from Vietnam. In the Chinese market, Vietnamese shrimp has to compete in price with rival suppliers, but many buyers in China consider Vietnamese shrimp to be of higher quality than Ecuador and India, so they have accepted the price higher.
In 2023, China imported 1 million tons of shrimp, showing the large capacity of this recent market. Vietnamese enterprises also have a strategy to focus on selling shrimp products to China that other shrimp-supplying countries cannot meet. Vietnamese shrimp exports to China still grew well in the first half of this year.
Vietnamese shrimp exports to the US in February of this year reached 31 million USD, down 9%. In the first two months of the year, shrimp exports to this market reached 72 million USD, an increase of 26%. Although it decreased in January, it was at a slight pace due to the coincidence with the Lunar New Year holiday. The average price of Vietnamese shrimp exports to the US, after hitting bottom in November 2023, tended to increase in the first months of this year.
Experts say that US sales of fresh and frozen seafood are forecast to stabilize in 2024 after facing many difficulties in 2023 due to inflation and people tightening spending. Compared to some of the main shrimp suppliers in the US, which are India, Ecuador, and China, Vietnam is considered more promising, especially when diplomatic relations between Vietnam and the US are good, opening up many opportunities for products exporting Vietnam into America. The US is also having a policy of increasing purchases from other countries, reducing dependence on Chinese goods.
The North American Seafood Exhibition 2024 takes place from March 10–12 with the participation of many large shrimp exporters to the US, also promising many prospects for shrimp exports to this market.
Difficulties and challenges for the shrimp industry still exist, such as desease in farmed shrimp is still worrying, market demand is still weak, and there has not been a clear recovery in the EU, Japan, and Korea markets. The shrimp industry is determined to focus on the farming stage to increase competitiveness and promote the production of value-added products. With the support of the government, ministries, and branches, shrimp exports hope to soon return to the growth track this year.
(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
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