In the first quarter of 2023, Vietnam's seafood exports to the Chinese market still decreased by 27% compared to the same period last year, reaching nearly 240 million USD. While exports in January and March experienced negative growth of 60% and 39% respectively, only exports in February showed positive growth of 24% .
The top 5 seafood products exported to China include pangasius, anchovies, white leg shrimp, black tiger shrimp, surimi and fishcake. Pangasius accounts for 55% of seafood exports to China, therefore, the decrease in pangasius exports to this market has largely affected general exports. Exports of white leg shrimp, fish cakes - surimi and many other products still fell deeply. However, dried anchovies are gaining great popularity in the Chinese market with an increase of 50% in the first quarter. Many other dried processed products such as yellow snapper and dried shrimp have strongly increased export value. In addition, black tiger shrimp is also recovering its export value to China with an increase of 46% over the same period.
March 2023: China's seafood imports increased by 58%
With more than 1 million tons of seafood imported in the first quarter of 2023, worthed more than 4.5 billion USD, China's import increased by 17% in volume and by 13% in value over the same period in 2022.
Only in the first month of 2023 the year, China's seafood imports decreased by 27% in volume and 19% in value compared to January 2022 because of the New Year holidays and the Lunar New Year. From February, imports started to increase sharply by 32% and 20% respectively.
March 2023 was the most breakthrough month of China's seafood imports with an increase of 58% in volume and 51% in value. This month alone, China imported 453,000 tons of seafood, worth over 1.8 billion USD.
Frozen seafood products imported into China accounted for 89% in volume and 67% in value, while fresh/raw/chilled products accounted for 7% and 28% respectively. Processed products accounted for only 2%.
China increased sharply seafood imports for the processing and export segment, accounting for 21% in volume and 12% in value. The volume of seafood imports for this segment increased by 70% over the same period last year.
China's seafood imports for domestic consumption accounted for 65% in volume and 82% in value, an increase of 16% and 13% respectively.
In terms of volume , China imports the most pollock with nearly 200,000 tons, followed by squid with nearly 94 thousand tons. For pangasius, in the first 3 months of 2023, China imported 45,000 tons with an average price of 2.18 USD/kg, down 7% compared to the same period in 2022.
Thus, seafood imports for domestic consumption have not recovered strongly, the average import price has decreased. Moreover, competitive pressure from Ecuador, India, and Indonesia are negatively affecting Vietnam's seafood exports to China.
However, Vietnamese seafood enterprises still expect that exports to China will soon recover because it is predicted that China's seafood consumption will explode in 2023. 1.4 billion people were “liberated” from COVID lockdowns and eager to return to eating out. The Chinese have stockpiled between $1.5 trillion and $2 trillion in "excess household savings" during the lockdown, so seafood spending is expected to increase in the next time.
Compiled by Thuy Linh
(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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