Shrimp exports to the EU in the first quarter of this year still kept the growth as in 2017. Vietnam’s shrimp exports to the EU market got quite favorable because India - Vietnam’s big competitor in the EU market - has faced difficulties in exporting shrimp to the EU market. In addition, Vietnam shrimp has the advantage of gaining GSP from the EU that Thailand and China do not have. At present, the EU GSP tariff for Vietnam frozen raw shrimp (HS code 030617) is 4.2%; that for processed frozen shrimp (HS code 160521) is 7%.
In particular, the European Union-Vietnam Free Trade Agreement (EVFTA) is in the process of coming into force. As committed, after the entry into force of the Agreement, Vietnamese goods, including shrimp products, will enjoy special preferential tariffs.
The EU accounts for about 30.6% of total shrimp import value of the world. Shrimp imports into the EU range from US$6-US$8 billion per year. In the 10 years (2007-2017), shrimp imports into the EU increased from US$5.6 billion to US$6.9 billion in 2017.
According to International Trade Center (ITC) data, in 2017, shrimp imports into the EU reached over US$6.9 billion; increased by 3.4% compared to 2016. Spain and France were the two largest shrimp buyers in the EU. The import value of shrimp into Spain hit US$1.3 billion, up 7%; that into France touched US$952.9 million, up 3.9% over 2016.
On the EU market, Vietnam shrimp has to compete mainly with the same item from India and Ecuador. While India tends to reduce shrimp exports to the EU due to some difficulties, Ecuador is increasingly promoting its exports to the market.
With high demand for consumption thanks to better economic growth than forecasted, exports of some products such as processed whiteleg shrimp, fresh/frozen black tiger shrimp to the EU expected to remain the good growth in the coming time.
|
Shrimp suppliers to the EU (Source: ITC, thousand US$) |
||||
|
Suppliers |
2015 |
2016 |
2017 |
Variation (%) |
|
Ecuador |
657,081 |
736,275 |
779,584 |
5.9 |
|
Vietnam |
509,903 |
551,546 |
735,234 |
33.3 |
|
India |
651,142 |
634,231 |
672,238 |
6.0 |
|
Argentina |
486,106 |
519,717 |
565,935 |
8.9 |
|
Netherlands |
421,593 |
521,242 |
429,630 |
-17.6 |
|
Bangladesh |
357,482 |
343,337 |
422,000 |
22.9 |
|
Denmark |
334,245 |
355,822 |
304,470 |
-14.4 |
|
Greenland |
232,361 |
254,228 |
274,799 |
8.1 |
|
Spain |
238,125 |
262,471 |
248,818 |
-5.2 |
|
Belgium |
202,719 |
204,037 |
218,359 |
7.0 |
(seafood.vasep.com.vn) Vietnamese seafood exports recorded impressive growth, generating nearly 6 billion USD in revenue during the first six months of the year, up 13% compared with the same period last year.
(seafood.vasep.com.vn) Fishermen in Ha Tinh are gradually overcoming difficulties to maintain the efficiency of seafood exploitation. In the first six months of 2026, the entire province achieved a production of more than 23,000 tons of seafood, worth more than 1,200 billion VND.
(seafood.vasep.com.vn) June 2026 brought encouraging signs for Vietnam's tuna exports, with export value rising 20% year-on-year to nearly USD 72 million. However, this increase has yet to offset the prolonged slowdown seen in key markets such as the European Union (EU), where import demand remains weak. The outlook for the second half of the year is expected to become more challenging as freight rates continue to climb.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the Vietnam Association of Seafood Exporters and Producers (VASEP), in collaboration with the Agency for Domestic Market Management and Development under the Ministry of Industry and Trade, will organize the Domestic Seafood Supply–Demand Matching Program on the morning of August 20, 2026, at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City. The program aims to foster direct business connections between Vietnamese seafood producers and processors and domestic distributors, retailers, and foodservice channels.
(seafood.vasep.com.vn) The Cooking Show will be one of the most engaging experiential highlights of Vietfish 2026. Taking place over three days, from August 19–21, 2026, at Hall B1, SECC, Ho Chi Minh City, the event will offer visitors a vibrant culinary space where Vietnamese seafood is showcased through its flavors, stories, and real-life culinary applications.
(seafood.vasep.com.vn) Vietnam's pangasius exports reached USD 205 million in June 2026, up 5% compared with the same month in 2025. Cumulative export value for the first six months of the year totaled USD 1.1 billion, an increase of 12% year-on-year. Growth was primarily driven by strong demand from China and CPTPP markets, while exports to the United States and Brazil continued to decline.
(seafood.vasep.com.vn) In the first six months of 2026, Ha Tinh province continued to implement comprehensive solutions to combat IUU fishing; strictly manage the fishing fleet, control fishing vessels entering and leaving ports, operate vessel tracking devices, trace the origin of seafood, and severely punish violations.
(seafood.vasep.com.vn) Vietnam's tilapia exports reached USD 7 million in June 2026, down 32% compared with the same month in 2025. Nevertheless, thanks to strong growth in the first five months of the year, cumulative tilapia exports in the first half of 2026 totaled USD 69 million, up 67% year on year.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company, a member of the Vietnam Association of Seafood Exporters and Producers (VASEP), has been honored with the "Famous Brand - Competitive Vietnamese Brand 2026" certification at an award ceremony organized by the Vietnam Intellectual Property Association (VIPA).
(seafood.vasep.com.vn) China imported nearly $1.4 billion worth of Vietnamese seafood in the first half of the year, a 40% increase compared to the same period last year, surpassing the US to become the largest export market for the industry.
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