According to data from the Vietnam Association of Seafood Processing and Export (VASEP), in the past six months, Vietnam's shrimp exports reached over $2 billion, an increase of 27% compared to the same period in 2024.
Of these, whiteleg shrimp accounted for the highest proportion at 62.1%, followed by other types of shrimp (27.4%) and tiger shrimp (10.5%). Notably, the association stated that the "other types of shrimp" group recorded an impressive growth rate of 124%.
China has risen to the top position in importing Vietnamese shrimp, with a turnover of nearly $595 million, an 81% increase compared to the same period last year. VASEP believes that the recovery in consumption, high demand during the summer, and high demand for lobster from Vietnam continue to help China become the fastest-growing market.
At the end of the first quarter, shrimp accounted for 24% of the total volume and 41% of the value of China's seafood imports. Shrimp is the most popular seafood item on online shopping platforms in the country. People in major cities like Beijing and Shanghai tend to consume more shrimp than those in other regions.
Meanwhile, markets such as Japan, South Korea, and the EU continue to experience positive growth. Japan remains the third largest market for Vietnamese shrimp, thanks to stable demand...
Conversely, the US market – once the leading export destination for Vietnamese shrimp – is showing signs of decline. Although export value for the first six months still increased by 13% to $341 million, most of the growth came in May when Vietnamese businesses accelerated shipments before President Donald Trump's retaliatory tariffs took effect. In June, exports to the US fell by as much as 37%.
Lobster is one of the items favored by Chinese people (Photo: Toan Vu).
According to the association, starting in April, the administration of President Donald Trump began imposing a 10% retaliatory tariff on many imported goods. By July, the tariff on Vietnamese shrimp was raised to 20% (officially applied from August 1st). In addition, businesses also face risks from a preliminary anti-dumping duty of over 35% and countervailing duties expected to be applied later this year.
"Tariff factors have made the US market unstable and unpredictable. Although US shrimp imports still increased in the first five months of the year, this is clearly the result of businesses 'rushing to place orders' before the tariffs take effect, not sustainable growth," the association assessed.
In July, the association predicted that Vietnamese shrimp exports would slow down compared to May and June due to early shipments of "tariff-avoidance" orders. The US's temporary postponement of tariffs until August 1st allowed some businesses to export more goods in the first half of the month, but a cautious sentiment still prevailed in the market.
In the second half of the year, export prospects largely depend on US tariff policies; the ability of businesses to quickly restructure and shift to less risky markets; the pandemic situation and domestic input costs...
In the face of fluctuations in international markets and policies, Vietnamese shrimp businesses need to proactively restructure their export strategies. Solutions include diversifying markets, reducing dependence on the US, taking advantage of preferential treatment under the EVFTA and CPTPP agreements; promoting deeply processed products that suit convenience trends, ensuring clear traceability, and avoiding the risk of trade fraud.
Furthermore, applying technology, digitalizing the entire supply chain, and controlling farming areas to meet standards will enhance adaptability and optimize costs. Businesses also need to be well-prepared financially and legally to cope with tax changes from major markets.
Source: https://dantri.com.vn/kinh-doanh/trung-quoc-gom-mua-manh-tom-viet-20250722184537115.htm
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