Not only these sectors broke the records but seafood exports in most markets also achieved impressive growth. In which, exports to the US will reach more than 2.1 billion USD by the end of the year.
The Chinese and HongKong market also hit the $1.8 billion mark for the first time in terms of value of seafood imported from Vietnam, with a growth rate of 57%. 2022 is also the first year China overtakes Japan to become the second largest Vietnam seafood import market.
However, in terms of proportion, both Japan and China account for 16% of Vietnam's seafood export value. Compared to 2021, seafood exports to Japan also recorded a relatively high growth of 31%.
31% is also the growth rate of the whole CPTPP market in 2022. It is estimated that seafood exports to this market will reach nearly $2.9 billion this year, accounting for more than 26% of Vietnam's seafood export proportion. In spite of high low demand and high competitiveness, Vietnamese seafood enterprises have effectively utilized the advantage of tariffs in this market.
ASEAN countries are also potential and favorable destinations for seafood enterprises this year with 27% growth expected to bring in sales of 767 million USD, accounting for 7% of the country's exports. The advantage of geographical location and economic stability of this region is the driving force for enterprises to boost exports to this market.
Exports to the EU and South Korea by the end of November both recorded high growth of 26% and 22%. It is expected that by the end of this year, these two markets will bring in $ 1.3 billion and over $ 950 million respectively, both of which are record high results.
The advantages in 2022 such as high demand, increased export prices, stable supply have been and will no longer continue in the fourth quarter of this year and the first quarter of next year. Inflation penetrated deeply into the economies of the countries, causing demand and orders to drop sharply. Therefore, it is forecasted that exports in the first quarter of 2023 will decrease significantly compared to the fourth quarter and compared to the same period last year.
However, the seafood industry still has an optimistic outlook for the seafood exports in 2023. Enterprises should focus on markets with more stable economies, less affected by inflation, such as ASEAN, the Middle East and the CPTPP countries.
In particular, China's removal of strict control regulations for imported goods such as testing, sterilization and quarantine will clear a major bottleneck, opening more doors for exports to the world's most populous market. The consumption of a country of 1.5 billion people will not be able to keep up with the domestic supply that has been interrupted and limited in the past few years because of the zero-Covid policy. That will be an opportunity and advantage for Vietnamese enterprises in the coming time.
But most importantly, seafood enterprises need to be well- prepared with resources, raw materials, production capital and conditions, so that when the market stabilizes and recovers, they can quickly increase exports and win market share ahead of strong competitors such as Ecuador, India, China and other markets.
With a favorable production and business environment, the efforts, dynamism and flexibility of seafood enterprises will continue to bring positive export sales in the coming year.
Compiled by Thuy Linh
(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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