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) Nearly US$1.7 billion is the projected gap in 2029 between the baseline scenario and a scenario in which Vietnam’s seafood exports grow by 10% annually, according to calculations by VASEP to be presented at Vietnam Seafood Summit 2026. This gap raises a key question for the entire industry: Which markets, products and supply chain improvements will generate the additional growth?
(seafood.vasep.com.vn) Although Germany’s tuna imports have declined, Vietnam’s tuna exports to the market continue to show positive signs. Notably, export value recovered strongly in Q3/2026, and German import data also show Vietnamese products strengthening their position amid competition among suppliers.
(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
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