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) The year 2026 marks a period of strong growth for Vietnam’s tilapia industry, but it is also a time when international export competition is becoming increasingly intense. Vietnam’s tilapia exports reached USD 99 million in 2025, up 140% compared to the previous year. In the first four months of 2026 alone, export value reached USD 49 million, a 151% increase year-on-year. As global demand for affordable whitefish continues to rise, Vietnam is emerging as a noteworthy competitor to traditional tilapia powerhouses such as China, Indonesia, Brazil, and Egypt.
(seafood.vasep.com.vn) With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s tilapia exports to Asian markets showed varying trends across regions and countries. The Middle East recorded strong growth, with Saudi Arabia emerging as the largest Asian market for Vietnamese tilapia. ASEAN markets also expanded significantly, driven primarily by Malaysia. Meanwhile, Japan maintained solid growth, while exports to South Korea declined compared to the same period in 2025.
(seafood.vasep.com.vn) Shrimp and pangasius continued to lead growth, helping seafood exports reach $4.67 billion in the first five months of the year; however, differentiation among product groups and increasingly stringent requirements from importing markets are posing many challenges for the industry.
(seafood.vasep.com.vn) Every day, the seafood processing industry in Ca Mau generates large quantities of shrimp heads and shells during processing operations. In the past, these by-products were largely treated as waste, increasing production costs and posing potential environmental risks. However, thanks to advanced processing technologies, materials once considered waste are now being transformed into high-value products, creating a circular economy model within the seafood industry.
(seafood.vasep.com.vn) Vietnam Clean Seafood Corporation has invested in a 280-hectare super-intensive shrimp farming zone in Tran De Commune, Can Tho City, generating export value of approximately VND 3 billion per hectare per year—around 50 times higher than traditional agricultural production.
(vasep.com.vn) Vietnam’s seafood exports reached USD 1.02 billion in May 2026, up 0.6% year-on-year. Cumulative exports in the first five months of 2026 totaled USD 4.67 billion, an increase of 11% compared to the same period in 2025.
(seafood.vasep.com.vn) In a rapidly changing global seafood market, timely insights and reliable data are more critical than ever. The Report on Vietnam Seafood Exports in Q1/2026 provides a comprehensive overview of the latest developments in Vietnam’s seafood production, trade performance, and export trends, helping businesses navigate uncertainty and identify new growth opportunities.
(seafood.vasep.com.vn) While many major markets continue to experience slow growth, Russia has emerged as a brighter destination for Vietnamese tuna exports in early 2026. Export turnover to this market increased by nearly 55% in the first four months of the year, indicating a clear improvement in demand. Nevertheless, Russia remains a market that should be viewed with both optimism and caution.
(seafood.vasep.com.vn) Vietnam’s pangasius exports have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
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