January 2025, seafood exports to China increased by 80.8%

In January 2025, while seafood exports to many markets recorded a slight decrease, exports to the Chinese market increased by 80.8%.

The Import-Export Department (Ministry of Industry and Trade) cited statistics from the General Department of Customs, saying that in January 2025, Vietnam's seafood exports reached 773.95 million USD, an increase of 3.5% compared to January 2024. Seafood export markets that achieved growth were China, Australia, Thailand, Germany, etc.

January 2025, seafood exports to China increased by 80.8%

Of which, seafood exports to the Chinese market increased the most, up to 80.8% compared to the same period in 2024. In contrast, seafood exports to Japan, the United States, and South Korea decreased by 7.6%; 3.5%; 9.5% respectively compared to the same period in 2024.

Regarding shrimp products, according to the Vietnam Association of Seafood Exporters and Producers, in 2024, Vietnam exported 843 million USD to the Chinese market, an increase of 39% compared to 2023. Thanks to strong growth, China and Hong Kong (China) surpassed the US to become Vietnam's largest shrimp import markets.

China's domestic shrimp supply has decreased due to adverse weather conditions, and Ecuador has also reduced exports to China in 2024. China has also introduced many solutions to increase consumer spending, which supports shrimp imports into this market.

In 2024, in the structure of Vietnamese shrimp products exported to China and Hong Kong (China), other types of shrimp will account for the highest proportion of 51.7% due to China's strong increase in lobster imports from Vietnam in 2024. Next, whiteleg shrimp will account for 36.1% and black tiger shrimp will account for 12.2%. Currently, China is the largest import market for Vietnamese lobsters, accounting for 98 - 99%. VASEP forecasts that in 2025, for shrimp products, the Chinese market will have stronger demand recovery, but will pay low prices.

Regarding pangasius, the total export turnover of this item to the Chinese market in 2024 will reach 581 million USD, a slight increase of 1% compared to 2023. Frozen pangasius fillet products from Vietnam are favored by Chinese consumers. In 2024, the Chinese market will contribute 29% of Vietnam's total pangasius export turnover.

VASEP believes that Vietnam’s pangasius industry will still face many challenges, including competition from other white-fleshed fish species and increasing demands for product quality from import markets, including the Chinese market. Therefore, improving product quality and meeting import market standards is a key factor.

According to the Import-Export Department, the global seafood market is forecasted to fluctuate in 2025, with factors such as changes in consumer habits, tariff policies and fluctuations in supply and demand affecting Vietnam's seafood exports, etc. Therefore, Vietnam's seafood needs to increase value, improve product quality and expand new export markets...

Source: https://congthuong.vn/thang-12025-xuat-khau-thuy-san-sang-trung-quoc-tang-808-374353.html