Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Slight decrease in domestic tuna catch output
According to statistics from the Ministry of Agriculture and Rural Development, the total marine catch volume in the first three months of 2024 is estimated at 833.6 thousand tons, a slight decrease of 0.1% compared to the same period in 2023. Specifically for tuna, the catch volume in the first three months of 2024 in the three key provinces for tuna fishing is estimated at 5,392 tons, a slight decrease of 0.8% compared to the same period last year. Specifically: in Phu Yen, the estimated catch is 1,008 tons, a decrease of 12% compared to the same period; in Binh Dinh, the estimated catch is 3,916 tons, an increase of 4%; in Khanh Hoa, the estimated catch is 368 tons, a decrease of 12%.
Unstable exports to major markets
As of the end of March 2024, Vietnam's tuna has been exported to 86 markets worldwide. Among them, exports to major markets such as the US, EU, CPTPP countries, Israel, Russia, the Philippines, South Korea, and Thailand accounted for 90% of the total export turnover.
In the US market, tuna exports have rebounded in March, increasing by 16% to over $32 million. Vietnam's exports of various tuna products to this market have all shown good growth in the first three months of 2024, except for frozen cooked tuna loins under HS code 16.
Alongside the US, orders to the EU are also picking up again in March, reaching $19 million, a 30% increase. Tuna exports to Italy and Germany, the two largest importing markets for Vietnam's tuna within the EU, continue to grow steadily. However, many markets within the EU bloc such as the Netherlands, Spain, Lithuania, are experiencing a decline in imports from Vietnam.
Exports to Israel and Canada are also continuing to accelerate in March, with growth rates of 95% and 143%, respectively.
After a period of instability, exports to the Russian market have been steadily increasing since late 2023. In March 2024 alone, tuna exports to Russia increased by 4% compared to the same period in 2023. Cumulatively for the first three months of the year, exports to this market increased by 65%, reaching nearly $9 million. This figure has made Russia the fourth largest single market for tuna exports in the first quarter of 2024.
However, exports to several other major markets in March were not promising. For example, exports to Japan decreased by 18%, Mexico decreased by 38%, Chile decreased by 34%, and Thailand decreased by 78%. Therefore, the growth rate of Vietnam's tuna exports in March was not high.
Many difficulties remain
While many forecasts indicate a global tuna market recovery, Vietnam's tuna sector continues to face challenges that could hinder export growth in the near future.
Specifically, the price of raw tuna in Bangkok has dropped to its lowest level in three years, but tensions in the Red Sea continue to escalate. Although this may not have significantly affected exports in the first quarter of 2024, the current increasing freight costs and prolonged delivery times will pose many difficulties for enterprises, especially in terms of capital.
Furthermore, challenges related to seafood harvesting and regulations related to illegal, unreported, and unregulated (IUU) fishing are also causing difficulties for enterprises' production and exports.
(seafood.vasep.com.vn) Vietnam’s tilapia exports maintained strong growth momentum in February 2026, with many markets recording sharp increases compared to the same period last year. In February alone, export value reached USD 8.4 million, up 148% year-on-year. Cumulatively, in the first two months of 2026, total tilapia export turnover hit USD 23 million, soaring 242% compared to the same period in 2025.
(seafood.vasep.com.vn) In global seafood trade, sensory evaluation is increasingly becoming one of the key “technical barriers” in many importing markets-especially the United States. Issues such as filth, and signs of decomposition/spoilage are often detected through sensory evaluation methods and remain common reasons for seafood import alerts, detentions, or shipment rejections.
Shrimp has been the most important export product of Vietnam’s seafood industry for many years, typically accounting for 35–45% of the country’s total seafood export value. With a well-developed farming, processing, and export system, Vietnam has become one of the world’s leading shrimp exporters.
(seafood.vasep.com.vn) As geopolitical tensions in the Middle East continue to escalate, the global food market is facing increasing volatility in logistics costs, energy prices, and supply chains. In the seafood sector, alongside ocean-caught products such as tuna, the surimi-based product group—including fish cakes, crab sticks, fish balls, and other imitation seafood products—has also been affected to some extent by these developments.
(seafood.vasep.com.vn) According to the 2026 brackish-water shrimp farming calendar issued by the Da Nang Department of Agriculture and Environment, the 2026 crop started in early January and is expected to harvest in late June. However, stocking progress has been slower than planned as farmers remain cautious, focusing on pond renovation and production preparations.
(seafood.vasep.com.vn) After the Lunar New Year of Binh Ngo 2026, commercial clam prices in Ha Tinh province surged sharply, nearly doubling compared to normal levels and standing about 20–30% higher than the same period last year. The spike has encouraged many aquaculture households to accelerate harvesting and sell large volumes to the market.
(seafood.vasep.com.vn) In January 2026, Vietnam’s shrimp exports reached USD 379.6 million, up 22% compared to the same period in 2025. The double-digit growth in the very first month of the year signals a relatively positive recovery in orders, particularly in Asian markets.
(seafood.vasep.com.vn) From the very beginning of 2026, India’s shrimp industry has received a series of favorable trade signals: U.S. reciprocal tariffs have been reduced, while the successful conclusion of a Free Trade Agreement (FTA) with the EU has opened prospects for eliminating nearly all seafood tariffs in the coming years. This shift not only enables Indian shrimp to quickly offset declines in the U.S. market, but also reshapes the global competitive landscape, placing greater pressure on Vietnamese shrimp exporters in terms of price, market share, and strategic positioning.
(seafood.vasep.com.vn) Entering 2026, Vietnam’s pangasius industry is recording many positive signals, both in terms of raw fish prices and export prospects. Export turnover this year is projected to reach approximately USD 2.3 billion. Amid ongoing volatility in the global market, diversifying export destinations, reducing dependence on major markets, and effectively leveraging free trade agreements (FTAs) are considered key to maintaining sustainable growth and creating new momentum for the pangasius sector.
(seafood.vasep.com.vn) With forecasts indicating that weather conditions in 2026 may become more complex—featuring prolonged heatwaves, unseasonal rains, and increased salinity intrusion—the agricultural sector of Can Tho City advises brackish water shrimp farmers to strictly follow the seasonal farming calendar and strengthen pond environmental management to minimize risks and improve production efficiency.
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