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 |
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Shrimp has been the most important export product of Vietnam’s seafood industry for many years, typically accounting for 35–45% of the country’s total seafood export value. With a well-developed farming, processing, and export system, Vietnam has become one of the world’s leading shrimp exporters.
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(seafood.vasep.com.vn) According to the 2026 brackish-water shrimp farming calendar issued by the Da Nang Department of Agriculture and Environment, the 2026 crop started in early January and is expected to harvest in late June. However, stocking progress has been slower than planned as farmers remain cautious, focusing on pond renovation and production preparations.
(seafood.vasep.com.vn) After the Lunar New Year of Binh Ngo 2026, commercial clam prices in Ha Tinh province surged sharply, nearly doubling compared to normal levels and standing about 20–30% higher than the same period last year. The spike has encouraged many aquaculture households to accelerate harvesting and sell large volumes to the market.
(seafood.vasep.com.vn) In January 2026, Vietnam’s shrimp exports reached USD 379.6 million, up 22% compared to the same period in 2025. The double-digit growth in the very first month of the year signals a relatively positive recovery in orders, particularly in Asian markets.
(seafood.vasep.com.vn) From the very beginning of 2026, India’s shrimp industry has received a series of favorable trade signals: U.S. reciprocal tariffs have been reduced, while the successful conclusion of a Free Trade Agreement (FTA) with the EU has opened prospects for eliminating nearly all seafood tariffs in the coming years. This shift not only enables Indian shrimp to quickly offset declines in the U.S. market, but also reshapes the global competitive landscape, placing greater pressure on Vietnamese shrimp exporters in terms of price, market share, and strategic positioning.
(seafood.vasep.com.vn) Entering 2026, Vietnam’s pangasius industry is recording many positive signals, both in terms of raw fish prices and export prospects. Export turnover this year is projected to reach approximately USD 2.3 billion. Amid ongoing volatility in the global market, diversifying export destinations, reducing dependence on major markets, and effectively leveraging free trade agreements (FTAs) are considered key to maintaining sustainable growth and creating new momentum for the pangasius sector.
(seafood.vasep.com.vn) With forecasts indicating that weather conditions in 2026 may become more complex—featuring prolonged heatwaves, unseasonal rains, and increased salinity intrusion—the agricultural sector of Can Tho City advises brackish water shrimp farmers to strictly follow the seasonal farming calendar and strengthen pond environmental management to minimize risks and improve production efficiency.
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