The Russia-Ukrain conflict has caused price increase not only in energy commodities to, but also in food commodities in countries. This situation is creating the opportunities for Vietnamese seafood in general, and tuna in particular, to increase exports to other markets.
The US
By the end of June 2022, the total value of tuna exports to the US market reached more than 300 million USD, an increase of 96% compared to the same period in 2021. Vietnam's tuna exports continued to maintain a high growth rate in June. In the first 6 months of 2022, tuna catches in the East Pacific (EPO) were low, which affected the catches of the US fishing fleet. Besides, high inflation has pushed up the demand for canned tuna. All of this has boosted US tuna imports from sources, including Vietnam.
The EU
Vietnam's tuna exports to the EU have continuously declined in the past 3 months. Tuna export turnover to the market in June decreased by 25% compared to June 2021, reaching nearly 9.5 million USD, bringing the total export turnover in the first 6 months to 77 million USD, up 4% over the same period.
According to a report released by the European Union's (EU) data statistics agency Eurostat on July 1st, consumer prices of 19 countries in the eurozone rose 8.6% in June (consumption in this region a month ago was 8.1%). In which, the group of food items increased by 8.9%, showing that inflation is spreading in the eurozone. Despite recorded inflation, the European Central Bank (ECB) has not been able to raise interest rates as quickly as the US. This delay caused the euro to depreciate against the US dollar.
The price of tuna products increases due to higher costs of necessary goods, a strong dollar may cause the final tuna products imported into the EU from countries outside the bloc such as Vietnam, Philippines, Ecuador,.. to be more expensive. This has affected tuna imports of EU countries.
CPTPP
Tuna exports to Canada, Japan and Mexico continued to grow positively. By the end of June 2022, CPTPP is the third largest export market block of Vietnamese tuna exporters (after the US and EU). The demand for tuna imports from CPTPP countries reached US$68 million, up 50% over the same period last year. Of which, exports to Canada increased by 68%, to Japan by 26% and to Mexico by 30%. Particularly for Chile, export turnover to this market, after slowing down in May, showed signs of decreasing in June, down 48%.
In addition to the three major export markets above, in the first 6 months of 2022, tuna exports to Saudi Arabia, Thailand, the Philippines or Russia still grew well. Total export value of tuna to Saudi Arabia reached 1.2 million USD, to Thailand increased by 59%; Philippines up 86%...
At the beginning of this year, due to an increase in oil prices, 40-45% of fishing vessels nationwide had to lie on shore. This has greatly affected the supply of raw tuna for factories, especially the supply of raw materials of wholly obtained (ie, domestic origin). Therefore, tuna processing and exporting enterprises must import from countries and territories that do not have a free trade agreement (FTA) with Vietnam. This has made Vietnam's tuna exports unable to take advantage of the FTA to increase their competitiveness compared to other rivals.
It is forecasted that tuna exports in the second half of 2022 will continue to grow positively, but the growth rate will slow down. Tuna export turnover in 2022 is expected to reach about 1.1 billion USD, up 45% compared to 2021.
Compiled by My Hanh
(seafood.vasep.com.vn) In Gia Vien district, tilapia farming—particularly the “duong nghiep” strain—is expanding rapidly and gradually becoming an efficient production model for local farmers. Hatcheries in the area are supplying high-quality, uniform, and disease-free fingerlings, meeting the growing demand for commercial farming.
(seafood.vasep.com.vn) On the afternoon of March 19, Vice Chairman of the Ca Mau Provincial People’s Committee, Le Van Su, chaired a meeting to address bottlenecks and propose solutions to expand the super-intensive whiteleg shrimp farming model using low water exchange and high biosecurity standards (RAS-IMTA).
(seafood.vasep.com.vn) On March 10, 2026, the Ho Chi Minh City People’s Committee issued Decision No. 1377/QD-UBND approving the Aquatic Animal Disease Prevention and Control Plan for the 2026–2030 period. The decision takes effect from the date of signing and replaces previous plans for the 2021–2030 period that had been issued prior to the administrative merger in Ba Ria – Vung Tau, Binh Duong, and Ho Chi Minh City.
(vasep.com.vn) In 2025, Chile imported more than USD 156 million worth of tuna, up 8.1% compared to the previous year and the highest level in the past five years. As the supply structure in this market is rapidly shifting, Vietnamese tuna is facing both opportunities to expand market share and increasing competitive pressure from Thailand, Colombia, and China.
(seafood.vasep.com.vn) Vinh Long Province is stepping up efforts to develop brackish water shrimp farming in a sustainable direction, identifying it as a key sector in its agricultural structure. In 2026, the province aims to reach around 71,300 hectares of shrimp farming, with an output of over 314,000 tons.
(seafood.vasep.com.vn) Ha Tinh Province is strengthening control over shrimp seed quality to minimize risks for the 2026 spring–summer farming season.
(seafood.vasep.com.vn) In February 2026, Vietnam’s pangasius exports reached USD 119 million, down slightly 5% year-on-year. However, thanks to strong performance in January, cumulative exports in the first two months of the year still reached USD 331 million, up 28% compared to the same period in 2025. Export activity slowed somewhat in February due to seasonal factors, particularly the Lunar New Year holiday, which disrupted production and shipments at many seafood processing enterprises.
(seafood.vasep.com.vn) Da Nang is accelerating the development of high-tech shrimp farming toward intensive production, disease control, and improved efficiency. Many shrimp farms have invested in automated environmental monitoring systems, continuously tracking indicators such as pH, dissolved oxygen, temperature, and salinity, enabling farmers to promptly adjust pond conditions and reduce disease risks.
(seafood.vasep.com.vn) The year 2025 is considered a turning point for Vietnam’s shrimp seed industry as the sector faces the need for strong transformation in technology, production management, and gradual self-sufficiency in broodstock supply. These factors are seen as key to improving seed quality and strengthening the competitiveness of the shrimp industry amid increasingly demanding market requirements.
(seafood.vasep.com.vn) In February 2026, Vietnam’s shrimp exports reached nearly USD 310 million, up 17% year-on-year. Cumulatively for the first two months of the year, shrimp export value totaled USD 690 million, an increase of 20% compared with the same period last year. Compared with the 22% growth recorded in January, the pace of increase in February slowed somewhat, reflecting seasonal factors as the Lunar New Year holiday partially disrupted processing and shipment activities. Nevertheless, the nearly 20% growth in the first two months indicates that shrimp orders from Vietnam are maintaining a more positive trend than in the same period last year.
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