The EU is currently Vietnam's fourth largest shrimp import market, accounting for 13% of Vietnam's total shrimp export value. In this market, Vietnamese shrimp faces fierce competition from heavyweights from Asia such as India and Thailand, and from Latin America like Ecuador and Brazil. This demonstrates that Vietnamese shrimp is increasingly affirming its quality and meeting the high standards of the EU market.
In the first nine months of this year, Vietnam's shrimp exports to the EU reached over $360 million, a 15% increase compared to the same period last year. In the first nine months of 2024, shrimp exports to the EU only declined in February and March, while exports in the remaining months recorded double-digit growth.
The average export price of Vietnamese shrimp to the EU, especially the price of whiteleg shrimp, has also recorded continuous growth since June this year. This indicates that the EU market still has a high demand for Vietnamese shrimp, especially whiteleg shrimp.
With strict standards for quality and food safety, the EU market has become a crucial benchmark for the competitiveness of Vietnam's shrimp industry. From minimizing environmental impacts during farming to ensuring clear traceability and animal welfare, each exported shrimp must meet the highest standards.
In the first nine months of this year, among Vietnam's seafood export products, shrimp brought in the highest export turnover of $2.8 billion, up 11% compared to the same period in 2023. Shrimp exports to major markets (US, EU, China, etc.) all recorded positive growth.
In the first nine months of this year, Vietnam's shrimp exports to the US reached $566 million, a 9% increase compared to the same period last year. In the US, the Federal Reserve has cut interest rates in its September meeting and is expected to cut rates two more times in November and December, which will help boost consumption due to lower borrowing costs, especially as the number of jobs is increasing. This is beneficial for exporting goods to this market.
According to data from the US National Oceanic and Atmospheric Administration (NOAA), in the US market, in August 2024, Vietnamese shrimp exports were more positive than other competitors such as India and Ecuador when shrimp exports from these sources to the US all decreased.
The average import price of shrimp from Vietnam to the US increased from $4.59/pound in July 2024 to $4.95/pound in August 2024.
Vietnam's shrimp exports to China and Hong Kong increased by 77% in September. In the first nine months, shrimp exports to this market increased by 29% to $585 million. China is introducing many solutions to increase consumer spending, which supports shrimp imports into this market. In 2024, frozen shrimp exports are still affected by the trend of prices not recovering significantly, along with the pressure of competitive selling prices with Ecuadorian and Indian shrimp. However, processed shrimp from Vietnam still has a good position in the markets. Therefore, as of the end of September, exports of processed whiteleg shrimp still increased by nearly 10%, while exports of frozen whiteleg shrimp increased slightly at 4.5%.
The price of Vietnamese raw shrimp has been more positive since July this year. The prices of raw whiteleg shrimp of sizes 50, 80, and 100 pcs/kg have increased continuously from July to September. The average export price of Vietnamese shrimp to the US and EU has also increased since June. Export prices to China and Japan have also recorded a slight increase.
It is expected that the price of raw shrimp will continue to be positive in the fourth quarter, although there may be a local shortage of raw materials as this is the period when China will increase purchases for the Lunar New Year and New Year holidays, and businesses need raw materials to boost production for year-end orders.
(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.
(seafood.vasep.com.vn) According to the latest statistics for January 2026, Vietnam’s pangasius export value to major market blocs recorded encouraging growth compared with the same period last year, indicating that consumption demand is gradually recovering.
(seafood.vasep.com.vn) Vietnam’s seafood exports in February 2026 reached approximately USD 707 million, up 8% compared to the same period last year. Cumulatively, exports in the first two months of 2026 totaled USD 1.7 billion, an increase of 20.2% year-on-year. The results show that the sector’s recovery momentum has remained relatively solid following strong growth in January, although the pace slowed noticeably in February for several key products and major markets. Within the overall picture, shrimp continues to be the largest pillar, pangasius rebounds strongly, while tuna exports and the U.S. and Korean markets are sending signals that warrant closer monitoring. In March, seafood exports are expected to gain additional momentum from markets other than the U.S., potentially supporting stronger growth.
(seafood.vasep.com.vn) In the first months of 2026, fishing activities in Quang Tri province recorded many positive signals, with output reaching over 15,941 tons. This result not only demonstrates fishermen’s efforts to stay offshore but also reflects the effectiveness of management and support measures implemented by local authorities.
(seafood.vasep.com.vn) In the first months of 2026, IUU prevention models focused on communication and mobilizing fishermen to comply with fisheries laws and avoid encroaching on foreign waters—related to combating illegal, unreported, and unregulated (IUU) fishing—have been implemented in coastal localities of Lam Dong province and have delivered initial positive results.
(seafood.vasep.com.vn) The sharp rise in raw pangasius prices to record levels is sending positive signals for the industry, but experts warn of potential supply–demand imbalances if production is not tightly controlled.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, the country’s total canned tuna export value in 2025 reached over USD 275 million, down 8% compared to 2024. Vietnamese canned tuna products were present in approximately 80 markets worldwide. However, the 2025 picture shows clear divergence: the U.S. maintained stability, the EU declined sharply, while several Middle East–North Africa (MENA) markets accelerated.
(seafood.vasep.com.vn) In 2025, Vietnam’s crab exports reached nearly USD 86 million, up almost 6% compared to 2024. A notable feature of 2025 was the strong market concentration in the United States, which accounted for more than 81% of Vietnam’s total crab export value, up 10% from the previous year. In contrast, exports to several Asian markets declined significantly, resulting in only modest overall growth for the year.
(seafood.vasep.com.vn) In 2025, Vietnam’s tilapia exports recorded impressive growth, with total export turnover reaching over USD 99 million, highlighting the increasingly important role of this product in the country’s seafood export structure. Of this total, tilapia fillets and other fish meat products accounted for USD 61 million, representing 61% of total export value and reaffirming their position as the key product category.
(seafood.vasep.com.vn) Shrimp seed quality is considered the “first link” and a decisive factor affecting the efficiency of the entire commercial shrimp production chain. High-quality seed directly influences survival rates, growth performance, and disease resistance, thereby determining production costs, productivity, and farmers’ profitability.
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