Asian markets drive growth
China and Hong Kong remained the main growth engine, with exports reaching approximately USD 845 million, up 44% year-on-year and accounting for 36% of Vietnam's total shrimp export value. The United States ranked second with nearly USD 809 million, representing 47%.
Exports to Japan, South Korea, and Australia all recorded positive growth. Combined exports to these three markets reached approximately USD 271 million, accounting for 16% of total exports. Exports to the European Union (EU) also posted modest growth of 2%.
Notably, shrimp exports to the United Kingdom increased by 62% in June, reaching USD 32 million. However, cumulative exports to the UK during the first six months totaled around USD 290 million.
June growth largely driven by lobster exports
Whiteleg shrimp remained Vietnam's leading export product, generating nearly USD 1.39 billion in the first half of the year, accounting for 59% of total shrimp exports and increasing 9% year-on-year. Black tiger shrimp exports reached approximately USD 230 million, up 8%.
The strongest growth came from lobster exports, which reached nearly USD 585 million, up 44% and accounting for 25% of total shrimp export value. In June alone, lobster exports reached nearly USD 71 million, an increase of 48%.
This result reflects the increasingly important role of lobster alongside whiteleg and black tiger shrimp. However, future growth is expected to depend largely on the Chinese market. Vietnam's green lobster exports to China continue to face challenges related to broodstock supply, traceability requirements, and import regulations.
Rising logistics costs continue to squeeze profits
Alongside tariff pressures, rising logistics costs remain a major challenge for shrimp production, processing, and exports. Ocean freight rates, container leasing fees, storage charges, insurance costs, and the difficulty of securing vessel space have all increased, while shipping schedules remain unstable.
For the shrimp industry, which relies heavily on cold-chain transportation, rising freight costs continue to erode profit margins, particularly for low-value processed products.
To reduce logistics-related pressures, management agencies, industry associations, and businesses need to strengthen cooperation with shipping lines to secure more competitive freight rates, coordinate loading schedules, ensure container availability, and maintain stable shipping services for seafood exports.
Exporters should also proactively develop more flexible delivery plans, diversify transport options, negotiate more appropriate shipping terms, and increase the proportion of processed, value-added products to improve efficiency and reduce the impact of logistics costs on business performance.
(seafood.vasep.com.vn) Although Germany’s tuna imports have declined, Vietnam’s tuna exports to the market continue to show positive signs. Notably, export value recovered strongly in Q3/2026, and German import data also show Vietnamese products strengthening their position amid competition among suppliers.
(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
(vasep.com.vn) China’s shrimp imports continued to grow strongly in 2026, while Vietnam’s shrimp exports to the market also recorded notable growth. However, behind these positive figures lie two distinct trends: Chinese consumption is growing more slowly than imports, and lobster accounts for a substantial share of Vietnam’s shrimp exports to China, making its product mix significantly different from those of Ecuador and India. Exporters therefore need to assess each segment carefully to understand the opportunities and risks.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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