Vietnam's shrimp exports to China and Hong Kong in October amounted to $91 million, up 44%. Accumulated by October 2024, shrimp exports to this market reached $676 million, up 31% year-on-year. Shrimp exports to this market are more promising, especially with lobster exports surging 157% to $298 million in the first ten months of this year. China's consumer stimulus policies have also contributed to boosting imports into this market.
Vietnam's shrimp exports to the US in October exceeded $80 million, up 17%. In the first ten months, shrimp exports to this market reached $646 million, up 10% year-on-year.
Shrimp imports into the US from the top three suppliers have all decreased, raising concerns about supply shortages. Improved market sentiment and an optimistics economic outlook, coupled with declining inventories and a balanced supply-demand situation, have led to expectations of higher US imports and improved shrimp prices in this market.
Proposals to increase import tariffs on goods into the US by President Trump after re-election have prompted US businesses to accelerate imports to stockpile goods ahead of potential duties. Therefore, in the short term, US demand for goods, including shrimp, is expected to continue to increase.
Vietnam's shrimp exports to two Asian markets, Japan and South Korea, also recorded positive growth of 18% and 28% respectively in October, after fluctuating in previous months.
Vietnam's shrimp exports to the EU rose by 32% in October, and accumulated exports in the first ten months reached $408 million, up 17% year-on-year. The EU's demand for Vietnamese shrimp imports has been quite stable this year, with continuous positive growth since April.
The export data from the first ten months of 2024 indicate promising trends across all major markets. Exports to the US and EU have demonstrated steady growth while China’s policies to stimulate consumption are expected to further boost demand for shrimp imports from Vietnam.
Export shrimp prices have shown signs of increasing, especially for whiteleg shrimp, enhancing profit margins for exporters. Raw shrimp prices are also at a favorable level, which will support production and exports.
The strong development of processed shrimp is a positive sign, indicating that businesses are shifting towards value-added items.
In 2023, global economic volatility, geopolitical tensions, high inflation, and tightened consumer spending led to a decrease in shrimp imports from major markets. In addition, global shrimp production rose sharply, with Ecuador’s explosive export growth creating oversupply and significantly lowering global shrimp prices.
In 2024, these adverse factors have improved: Inflation has eased, import demand from major markets is rebounding, shrimp production has not increased as rapidly as the previous year, and global shrimp prices have tended to increase. Despite internal and external challenges, Vietnam's shrimp export sector has achieved encouraging results. The target of $4 billion in export turnover in 2024 is entirely within reach.
(seafood.vasep.com.vn) In the first three months of 2026, Vietnam’s exports of fish cake and surimi reached USD 63 million, down 5% compared to the same period last year. Although total export value declined slightly due to decreases in some key markets, many other destinations continued to post strong growth, opening up room for this convenience-oriented processed segment in the coming quarters.
(seafood.vasep.com.vn) Favorable weather conditions in the early months of 2026 have brought encouraging signs for fisheries activities in Quang Tri. Output has grown steadily, contributing to improved livelihoods for local residents.
Entering 2026, Vietnam’s seafood industry is facing a period of both high expectations and mounting pressures. Following the positive recovery in 2025, production and export activities in Q1/2026 demonstrated the strong adaptability of Vietnam’s seafood business community amid continued global trade volatility, intensifying international competition, and increasingly stringent compliance requirements in import markets.
(vasep.com.vn) In the first quarter of 2026, Vietnam’s shrimp exports reached USD 1.069 billion, up 17.5% compared to the same period in 2025. This is a positive result amid an uneven global shrimp market recovery, intensifying competition among major suppliers, and continued volatility in the international trade environment. However, this growth does not reflect a broad-based recovery across the entire sector, but rather is driven mainly by strong performance in a few markets and specific product segments—most notably lobster exports to China.
(seafood.vasep.com.vn) Vietnam’s tuna exports continued to decline in March 2026. Cumulatively, in the first three months of the year, export value reached USD 208 million, down 4% compared to the same period in 2025. The export landscape shows clear divergence across markets: while the U.S. and EU remain challenging, markets such as Russia, the Middle East, Egypt, the Philippines, and Mexico have emerged as growth bright spots.
(seafood.vasep.com.vn) In Quang Ngai Province, shrimp farming costs are rising sharply due to लगातार increases in feed, fuel, and input material prices, while farm-gate shrimp prices are declining. This has significantly reduced farmers’ profit margins and increased production risks.
(seafood.vasep.com.vn) Vietnam’s tilapia exports are experiencing impressive growth, reflecting expanding global demand as well as the sector’s development potential. However, behind the strong growth figures lie limitations in production capacity and supply chains, highlighting the need for sustainable development in the coming period.
(seafood.vasep.com.vn) Vietnam’s pangasius exports to the Middle East in 2025 and early 2026 have shown notable growth. However, escalating geopolitical tensions in the region have increasingly impacted export activities since March. This situation presents a challenge of balancing market expansion opportunities with rising trade risks.
(seafood.vasep.com.vn) The Quang Tri Department of Agriculture and Environment has instructed localities to base their stocking schedules on actual conditions in each farming area, while developing plans, allocating resources, and implementing synchronized measures for disease prevention and disaster risk management in aquaculture production.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s exports of fish cakes and surimi exceeded USD 45 million, up 7% compared to the same period in 2025, indicating a positive outlook for this product segment amid recovering demand in many markets.
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