According to VASEP, in November, seafood exports recorded nearly 990 million USD, up 6.6% over the same period last year. By the end of November, the industry's turnover had exceeded 10.5 billion USD, up 14.6%. Contributing to the industry's growth, shrimp exports reached more than 4.3 billion USD in 11 months, an increase of 21%; tra fish also reached over 2 billion USD, up 9%. Tuna, squid, octopus and mixed seafood all maintained double-digit growth.
This momentum comes from many markets expanding simultaneously. Exports to countries in the Comprehensive and Progressive Agreement for Trans- Pacific Partnership, China, Hong Kong (China), Europe and Brazil all increased sharply. Only the US market slowed down in November when businesses proactively adjusted orders to wait for the US's new seafood import policies and the results of the anti-dumping lawsuit on shrimp. However, this is a technical slowdown, not a long-term trend.
According to VASEP, seafood exports are expected to decrease slightly in December compared to November due to seasonal factors and cautious sentiment of businesses when trading with the US. Many businesses are temporarily limiting new seafood orders to this market until official guidelines on new regulations are issued. However, shrimp exports may remain at the same level as in November or only decrease slightly thanks to stable demand in Japan, the EU and CPTPP.
With the current developments, the seafood industry is expected to close 2025 with an export turnover of 11.2 - 11.3 billion USD, the highest level ever. Of which, shrimp could set a new record of over 4.6 billion USD; pangasius is approaching 2.1 billion USD thanks to recovering demand in Asia; tuna is aiming for the 1 billion USD mark, marking an impressive comeback after a period of weak demand.
Source: https://quangngaitv.vn/xuat-khau-thuy-san-du-bao-cao-nhat-tu-truoc-den-nay-6511482.html
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