Tilapia continues to expand in the U.S. market
The growth momentum has continued into early 2026. In February alone, tilapia exports to the U.S. reached USD 852,000, accounting for 10% of total export value for this product. Cumulatively, in the first two months of the year, exports reached around USD 4 million, up 31% year-on-year. Although there was a slight slowdown in February, this is mainly attributed to seasonality, as importers had significantly increased inventories in Q4 2025 to meet year-end demand.
In the U.S. market, frozen tilapia fillets remain the key product. In February, imports of this item exceeded USD 30 million, ranking second among whitefish products, indicating that demand remains high and stable.
Tariff policies affect U.S. importers’ sentiment
However, the positive outlook comes with notable challenges. New U.S. tariff policies are creating caution among importers. The imposition of a 10% tariff under Section 122 of the Trade Act of 1974—with the possibility of increasing to 15% in the near future—along with ongoing trade investigations involving several major partners, including Vietnam, is making the export environment more unpredictable.
Competition from Chinese and Brazilian tilapia
Despite the volatility and complexity of the U.S. market, major exporters such as China and Brazil, while seeking to expand into alternative markets, are unlikely to offset the scale and value of the U.S. market in the short term—especially as new markets require time to develop demand for tilapia products.
In 2025, leading exporters like China and Brazil were significantly affected by U.S. tariff policies, reducing their competitiveness in this market. However, entering 2026, as tariffs are adjusted downward to around 10%, companies from these countries are expected to step up their return to the U.S. market. With advantages in production scale and cost efficiency, China and Brazil could quickly expand their market share, creating direct pressure on Vietnamese tilapia.
Geopolitical factors and production scale squeeze margins
In addition, geopolitical instability—particularly conflicts in the Middle East—has driven up fuel prices, leading to higher transportation costs and narrowing profit margins for exporters. Furthermore, Vietnam’s tilapia production scale remains relatively modest, with limitations in technology and seed supply compared to major competitors, reducing competitiveness in both pricing and supply capacity.
In this context, to fully capitalize on opportunities in the U.S. market, Vietnam’s tilapia industry needs to strengthen production capacity, optimize costs, and proactively adapt to fluctuations in global trade policies.
(seafood.vasep.com.vn) On October 31, 2026, in Hanoi, Sa Giang Import-Export Corporation, a member of the Vietnam Association of Seafood Exporters and Producers (VASEP), was awarded the Top 30 Outstanding Cultural and Reputable Enterprises of 2026 certificate by the Vietnam Chamber of Commerce and Industry (VCCI). This group represents the most distinguished companies among the 100 enterprises honored at the “Cultural and Reputable Enterprises 2026” announcement ceremony.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s pangasius exports to the EU reached approximately $148 million, up 12% compared to the same period in 2025. In September 2026 alone, export turnover to this market hit $18 million, a 27% year-on-year increase. Despite diverging demand across member states, the EU remains a market with growth potential for Vietnamese pangasius, particularly as supplies of several traditional whitefish species face mounting pressure.
(seafood.vasep.com.vn) Vietnam’s tuna exports to the US are showing a clear recovery after a difficult start to the year. However, the rebound is taking place against a backdrop of declining US tuna imports and a shifting supply structure, posing new challenges for Vietnamese businesses.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s shrimp exports to Japan reached US$440.9 million, up 6.4% year on year. This result is noteworthy as Japan’s total shrimp imports continued to decline slightly and competition among suppliers intensified. Demand for convenience foods and processed products continues to create opportunities for Vietnamese exporters, but capitalizing on these opportunities requires stronger competitiveness and the ability to meet increasingly specific market requirements.
(vasep.com.vn) After slowing in the first months of the year, Vietnam’s tuna exports have shown a clear improvement since June 2026. However, behind September’s double-digit growth lies a notable reality: export value is recovering, but pressures from markets, trade policies, and competition among suppliers remain.
(vasep.com.vn) Vietnam’s pangasius export value reached US$1.7 billion in the first nine months of 2026, up 11% year on year. In September alone, exports totaled US$210 million, an increase of 16%. China, the United States, and Brazil were the three largest markets, accounting for 49% of total export value. While China and Brazil maintained their growth momentum, exports to the US remained below the level recorded in the same period last year.
(vasep.com.vn) On November 11, 2026, in Can Tho, the Vietnam Association of Seafood Exporters and Producers (VASEP) will organize the Vietnam Seafood Summit 2026 (VSS 2026) under the theme “Seafood Market Outlook 2027–2029: Opportunities and Headroom for Double-Digit Export Growth.”
(seafood.vasep.com.vn) Business leader Do Ngoc Tai, General Director of Tai Kim Anh Seafood Processing Joint Stock Company, was honored by the Vietnam Chamber of Commerce and Industry (VCCI) with the title “Outstanding Vietnamese Entrepreneur – Thanh Giong Cup 2026” at a ceremony celebrating Vietnam Entrepreneurs’ Day (October 13). The event took place on the evening of October 11, 2026, at the National Convention Center in Hanoi.
(vasep.com.vn) The global tilapia market is becoming increasingly segmented, not only among producing countries but also by product type and destination market. Supply is divided into groups with distinct competitive advantages: large volumes of whole fish and frozen fillets from Asia, high-value fresh fillets from Latin America, and substantial domestic consumption in several major producing countries.
(vasep.com.vn) Vietnam’s tuna exports to the UK grew in the first eight months of 2026, despite signs of slowing import demand in the market. However, sharp fluctuations in orders, competition from major suppliers, and new traceability requirements are creating challenges for Vietnamese exporters.
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