However, this decline was offset by the growth in the first quarter, so the cumulative export value of fish cakes and surimi in the first half of the year still increased by 1%, reaching 195 million USD.
In Q2/2022, the position of the largest import markets for fish cakes and surimi of Vietnam has changed.
The 8 biggest importing markets of Vietnam's fish cakes and surimi in this quarter are Thailand, CPTPP, Korea, China, Taiwan, the US, EU and Russia, accounting for 95% of the total export value of fish cakes and surimi of the whole country.
Compared to the same period in 2021, Vietnam's exports of fish cakes and surimi to some main markets decreased such as China, EU and Russia.
Exports of fish cakes and surimi to Korea in Q2/2022 continued to grow.
However, the export growth rate is slow, so the country has dropped to the 3rd position in the ranking of export markets of fish cakes and surimi of Vietnam.
The export value to Korea in Q2/2022 reached 22 million USD, up 15% compared to Q2/2021, bringing the total export value to this market in H1/2022 to 45 million USD, up 11% compared to the 2021’s same period.
Meanwhile, Vietnam's exports of fish cakes and surimi to Thailand tended to increase.
This helped making Thailand the largest importer of Vietnamese fish cakes and surimi in H1/2022. Export value to this market in Q2/2022 reached 27 million USD, up 16% compared to Q1/2022. Accumulated in the first 6 months, exports to this market increased by 17%, reaching 48 million USD.
Vietnam's exports of fish cakes and surimi to markets participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) also decreased in the first month of the year and increased year-on-year in the next two months. Notably, the export of fish cakes and surimi to Japan and Malaysia accelerated in Q2/2022.
Exports to these two markets brought in for Vietnam 23 million USD and 17 million USD, respectively up by 28% and 31% over the same period in 2021. Meanwhile, exports to Singapore tend to have downward trend in the last 2 months of the quarter.
Compiled by My Hanh
(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.
(vasep.com.vn) China’s shrimp imports continued to grow strongly in 2026, while Vietnam’s shrimp exports to the market also recorded notable growth. However, behind these positive figures lie two distinct trends: Chinese consumption is growing more slowly than imports, and lobster accounts for a substantial share of Vietnam’s shrimp exports to China, making its product mix significantly different from those of Ecuador and India. Exporters therefore need to assess each segment carefully to understand the opportunities and risks.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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