Seafood exports increased slightly in the first month of the year

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in January 2025, Vietnam's total seafood export turnover reached 774.3 million USD, an increase of 3.3% over the same period in 2024.

In January 2025, Vietnam's total seafood export turnover reached 774.3 million USD, up 3.3% over the same period.

Accordingly, shrimp continued to be the item with the strongest export growth in January 2025, with a value of 300 million USD, accounting for 39% of total seafood export turnover.

According to Rabobank, the global shrimp industry is entering a rebalancing phase, with producing countries slowing down their growth to adjust supply and demand. This has helped shrimp prices gradually recover, especially when demand from the US and EU increases again.

However, exports to China are facing challenges due to declining demand. Income pressure is causing the middle class to limit spending on high-end foods such as white shrimp, while cheaper seafood is more popular. This could negatively impact shrimp exports to this market in the coming time.

Vietnam’s pangasius continued to face difficulties in the first month of 2025, despite strong price growth due to limited supply. Vietnam’s pangasius exports in January 2025 reached only 123 million USD, down 25.3% compared to the same period last year.

Vietnam’s tuna industry faced a decline in exports in January, with a decrease of 17.7%. However, with the steady growth of demand for tuna products in markets such as the US and EU, the tuna industry is expected to have a chance to recover in 2025.

Recently, Vietnam and the United States have reached a bilateral solution to end the dispute in the case of applying anti-dumping tax on Vietnamese tra and basa fish products exported to the US market (case DS536) at the World Trade Organization (WTO). This opens up opportunities to promote tra and basa fish exports to the US market, while strengthening Vietnam's position in the global seafood industry.

According to VASEP, businesses need to continue reviewing and improving the process/procedures for issuing S/C and C/C certificates to resolve the problems that have arisen in the past... In addition, the tuna industry needs to focus on developing a sustainable production model and expanding the market through improving product quality and cooperating with other countries to exploit the sea effectively.

“With increasing demand from ASEAN markets and supportive tariff policies from major countries, Vietnam’s seafood industry can still maintain its growth momentum in 2025. Developing value-added products, improving product quality and expanding new export markets will be decisive factors for Vietnam’s seafood industry to continue to develop sustainably in the future,” said a representative of VASEP.

Source: https://thoibaonganhang.vn/xuat-khau-thuy-san-tang-nhe-thang-dau-nam-160340.html