In the first 7 months of this year, Vietnam's shrimp exports to Russia reached over $27 million, up 87% over the same period last year. In the first 7 months of the year, exports only decreased slightly by 9% in April, the rest of the months had high growth, of which May, May and June grew by 3 digits. From August onwards, due to social distancing to prevent the Covid epidemic, Vietnam's shrimp exports to Russia decreased. In the first half of September 2021, shrimp exports to Russia decreased by 40% over the same period. Accumulated to September 15, 2021, Vietnam's shrimp exports to Russia reached 32.5 million USD, up 51% over the same period last year.
According to data of the World Trade Center (ITC), in the first 7 months of this year, Russia imported shrimp from 25 sources. In which, Vietnam is still the third largest shrimp supplier to Russia, after India and Ecuador. In addition, some other large shrimp suppliers are also focusing on exporting shrimp to the Russian market such as China, Bangladesh, Indonesia, Argentina, Thailand...
Russia's shrimp imports increased continuously from 2016 to 2020 from $214.7 million in 2016 to $320.7 million in 2020. In the five years from 2016-2020, Russia increased shrimp imports from the main suppliers Ecuador, India. India, Vietnam, Argentina while gradually reducing imports from China, Bangladesh, Indonesia, Thailand.
According to ITC, Russia's shrimp imports in the first 7 months of this year reached over 276 million USD, up 82% over the same period. Vietnam ranks third in supplying shrimp to Russia, accounting for 10% of the market share. Russia's shrimp imports from these three sources all grew positively, imports from Ecuador and India increased by 42% and 88% respectively while imports from Vietnam increased by 106%.
Vietnam's shrimp exports to Russia increased from 15.7 million USD in 2017 to 41.1 million USD in 2020, up 162%. As of the first half of September this year, Vietnam's shrimp exports to Russia have reached 32.5 million USD. This shows that Vietnam's shrimp exports to Russia are on a very good growth trend, along with advantages from the Vietnam - Eurasian Economic Union (EAEU) Free Trade Agreement.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
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