This marks the first time in 25 months that the monthly export value of tuna has surpassed $90 million. If this growth continues, Vietnam's tuna exports could reach a total of approximately $1 billion by the end of 2024, reflecting an 18% increase.
Exports of various tuna product groups from Vietnam also saw growth compared to the previous year. Notably, exports of frozen tuna meat/loins under HS code 0304 have experienced rapid growth in the latter months of this year.
In terms of markets, tuna exports to major destinations generally increased in October, except for the EU and South Korea.
The exhaustion of preferential tariff quotas and difficulties in complying with regulations related to combating IUU (Illegal, Unreported, and Unregulated) fishing have hindered tuna exports to the EU in recent months. Exports to the EU fell by 15% in October. However, strong growth in the earlier months of the year has resulted in a total increase of 17% for the first ten months of 2024.
On the other hand, tuna exports to the U.S. market, which slowed in the third quarter, have shown signs of acceleration in the final months of the year. Increased demand for seafood during the holiday season, coupled with the effects of the U.S. presidential election, has boosted the demand for tuna imports. Exports to the U.S. rose by 30% in October.
Alongside the U.S., the Middle Eastern market has also ramped up imports of Vietnamese tuna. Export values to the region have experienced strong growth. Notable increases include exports to Israel (up by 55%), Egypt (up by 70%), and Saudi Arabia (up by 72%) in the first ten months of 2024. Despite the impact of political conflicts in some countries, such as Israel and Iran, the Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) has provided a significant boost for tuna exports to the region.
A particularly noteworthy development in October was the recovery of tuna exports to Japan. The export value to Japan increased by nearly 31% compared to the same period last year. Japan’s economic outlook has improved significantly after months of stagnation. Additionally, the strengthening of the Japanese yen since September has boosted demand for seafood imports, including tuna.
(vasep.com.vn) Vietnam’s tuna exports sustained their upward trajectory in August 2026, though the pace remained modest at just 2%. The month saw divergent trends across key markets: the US maintained its leading position, Japan and Canada improved, Russia surged and the EU continued to experience a steep downturn. These developments suggest that exporters are entering the final months of the year amid a market environment marked by greater uncertainty.
(vasep.com.vn) Vietnam’s shrimp exports reached $3.3 billion in the first eight months of 2026, up 12% year on year. However, growth momentum is moderating and market divergece is becoming more pronounced, while the US and EU continue to present significant challenges. The latest insights from the Global shrimp forum 2026 (GSF 2026), held in early September, also indicate that the final months of the year will remain highly competitive as global supply continues to expand and buyers place greater emphasis on quality, product specifications, supply consistency and the ability to meet market-specific demand.
(vasep.com.vn) Vietnam’s pangasius exports continued to grow in August 2026, bringing total export value in the first eight months of the year to US$1.5 billion, up 10% year-on-year. August exports alone reached US$205 million, up 6%. However, market performance has become increasingly divergent, with China and Brazil posting positive growth while the U.S. continued to record a sharp decline.
(vasep.com.vn) Vietnam’s seafood exports reached US$1.14 billion in August 2026, up 6.4% year on year, bringing the total for the first eight months to more than US$8.0 billion, an increase of 11.9%. Monthly export value remained above US$1 billion, but August growth was only around half the rate recorded cumulatively through the first eight months. This indicates that the eight-month result was supported significantly by stronger performance in earlier months, while market conditions are entering a less predictable period.
(seafood.vasep.com.vn) Pangasius is attracting growing interest from Japanese seafood companies as prices of many traditional whitefish species remain high and supply becomes increasingly volatile. Notably, seafood group Kyokuyo has recently continued to feature pangasius among its priority products, highlighting its competitive pricing and stable supply.
(seafood.vasep.com.vn) As Vietnam’s tilapia industry searches for new growth opportunities, venturing into brackish-water aquaculture could unlock a formidable competitive moat. Bypassing the volume-and-price bloodbath against established global heavyweights, Vietnam could differentiate itself through high-quality tilapia products tailored to specific farming conditions and value-added market segments.
(seafood.vasep.com.vn) 2026 is rapidly shaping up to be a formidable stress test for Vietnamese pangasius exports to the United States. While exports to alternative markets maintain a resilient growth trajectory, the U.S market has declined significantly. In the first eight months of the year, pangasius exports to the U.S fell by nearly 14% year-on-year, with August alone recording a decline of more than 50%. The trend shows that difficulties in the U.S. market are not driven solely by weak consumer demand, but also by multiple layers of trade barriers that are intensifying simultaneously, particularly additional import tariffs, anti-dumping duties and growing protectionism for the domestic catfish industry.
(vasep.com.vn) Vietnam’s pangasius exports to Japan are showing positive signals in 2026, indicating that the market is opening up greater opportunities for pangasius products, particularly processed and value-added products. In the first seven months of 2026, Vietnam’s pangasius exports to Japan reached US$31 million, up 20% year-on-year. In July alone, export value reached approximately US$5 million, up 30%.
On July 22, 2026, the Government issued Decree No. 292/2026/ND-CP detailing certain articles and providing measures for the organization and implementation of the Law on Foreign Trade Management. The Decree takes effect on September 5, 2026, replacing Decree No. 69/2018/ND-CP.
(vasep.com.vn) Vietnamese pangasius producer Vinh Hoan has won the top prize at the 2026 Seafood Excellence Asia Awards for its Cured Panga Croquette, highlighting the growing potential of value-added pangasius products in international markets.
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