The coastlines and sea resources of Vietnam allow the country to derive into a world leader in the sea food industry. Vietnam has exploited the worldwide demand for seafood products. Like other industries, the seafood export industry also has prospects and difficulties to address in 2024-2025.Looking into global trading data, there are reports of Vietnam standing third in the rank of top global seafood exporters, stating Norway and China as the first and second. The latest Reports from Vietnam customs and export states that the country’s seafood exports had reached USD 10.07 billion in 2024 which is a 12.7 percent increase from the previous year.

1. Vietnam Seafood Exports 2024-25:
Unlocking Opportunities and Tackling
Key Challenges
The coastlines and sea resources of Vietnam allow the country to derive into a world leader in
the sea food industry Vietnam has exploited the worldwide demand for sea food products. Like
other industries, the seafood export industry also has prospects and difficulties to address in
2024-2025.Looking into global trading data, there are reports of Vietnam standing third in the
rank of top global seafood exporters, stating Norway and China as the first and second. The
latest Reports from Vietnam customs and export states that the country’s seafood exports had
reached USD 10.07 billion in 2024 which is a 12.7 percent increase from the previous year.
Vietnam's export value which includes seafood is projected to be at $11 million by the start of
2025 according to VASEP (The Vietnamese Association of Seafood Exporters and Producers).
Vietnam's anticipated growth is $4 billion in shrimp, $2 billion in Pangasius fish, and $1 billion
in tuna. This article seeks to predict possible challenges and opportunities by the anticipating
estimates of Vietnam’s seafood exports for the years 2024-2025.
Key Opportunities in Vietnam's Seafood Export Industry

2. Growing Global Demand for Seafood Products
Global demand for seafood has been steadily rising in recent years, driven by growing
consumer awareness of the health benefits of a rich seafood diet. Products like shrimp, fish,
and crab are increasingly sought after, creating a significant opportunity for Vietnam. With its
reputation for producing high-quality seafood, Vietnam is well-positioned to meet this rising
demand.
Expansion of Vietnam's Seafood Export Markets Worldwide
Vietnam has long been a key exporter of seafood products to established markets like the
United States, Japan, and the European Union. Recently, however, the country has been
expanding its reach to emerging economies in Asia and Latin America, according to trade data
from Asia and South America. By diversifying its export markets, Vietnam can reduce its
dependence on any single region and boost its overall export volume.
Top 10 Destinations for Vietnam's Seafood Exports: A Global Overview
Vietnam, renowned for its robust seafood industry, has been excelling in seafood exports to
various global destinations. Among the top 10 countries receiving Vietnam's seafood exports
are the United States, Japan, South Korea, and China, according to the latest data on Vietnam's
seafood exports by country. These nations have consistently demonstrated strong demand for
Vietnam's high-quality seafood products, underscoring the country’s reputation for excellence
and diversity in the global market. Based on Vietnam shipment and export data for 2024-25,
the top 10 seafood export destinations are:
China: $1.65 billion (16.5% of total exports)
China remains the leading destination for Vietnam's seafood exports, contributing a substantial
share to the country's overall export revenue, according to Vietnam's customs data on seafood
exports to China. The growing demand for Vietnamese seafood in China is driven by its large
population and an increasing preference for high-quality seafood products.
USA: $1.5 billion (15% of total exports)
The United States is another major market for Vietnam's seafood exports, with strong demand
from American consumers for Vietnamese seafood products, according to data on Vietnam’s
seafood exports to the US by HS code. Shrimp, fish, and other seafood items continue to see
strong demand, contributing significantly to export revenue for Vietnam's seafood producers.
Japan: $1.25 billion (12.5% of total exports)
Japan, known for its deep appreciation of seafood, is a key market for Vietnamese seafood
exports. The Japanese market prioritizes quality and freshness, two qualities that Vietnamese

3. seafood is renowned for. As a result, Vietnam continues to experience strong demand for its
seafood products in Japan.
South Korea: $790 million (7.9% of total exports)
South Korea has become a lucrative market for Vietnamese seafood exporters, with growing
demand for products like shrimp, squid, and fish. South Korean consumers value the diversity
and quality of Vietnamese seafood, which continues to drive a consistent flow of exports
from Vietnam to South Korea.
Thailand: $620 million (6.2% of total exports)
Thailand is another key destination for Vietnam's seafood exports, with strong demand for
shrimp, fish, and other seafood products. The geographical proximity between the two
countries, along with a significant Vietnamese community in Thailand, strengthens the trade
relationship and drives a steady flow of seafood exports.
Netherlands: $520 million (5.2% of total exports)
The Netherlands acts as a key gateway to the European market for Vietnamese seafood, with
Dutch consumers increasingly favoring sustainably sourced products. Vietnamese seafood
exporters have leveraged this trend by supplying high-quality, ethically produced seafood to
meet the growing demand in the Netherlands.
Germany: $400 million (4.0% of total exports)
Germany has become an important market for Vietnamese seafood exports, with growing
consumer interest in Vietnamese seafood products. The country’s strong economy and rising
demand for exotic seafood have created opportunities for Vietnamese exporters to
strengthen their presence in the German market.
Australia: $314 million (3.1% of total exports)
Australia is an expanding market for Vietnamese seafood exports, with consumers
increasingly favoring fresh and diverse seafood products. Vietnamese exporters have
capitalized on this demand by providing a broad range of seafood items to Australian
consumers, thereby enhancing trade relations between the two countries.
Canada: $250 million (2.5% of total exports)
Canada has become an appealing market for Vietnamese seafood exports, with growing
demand for Vietnamese shrimp, fish, and other seafood products. Vietnamese exporters have

4. effectively positioned themselves to meet the diverse tastes of Canadian consumers,
strengthening their presence in the Canadian market.
United Kingdom: $200 million (2% of total exports)
The United Kingdom offers a promising market for Vietnamese seafood exporters, as British
consumers show growing interest in international seafood options. Known for their quality and
flavor, Vietnamese seafood products have gained a strong following in the UK, driving
consistent growth in exports to the country.
Vietnam Seafood Exports in the Last 10 Years: Historical Vietnam
Seafood Export Data
Year of Trade Vietnam seafood export data ($)
2014 $7.92 billion
2015 $6.57 billion
2016 $7.05 billion
2017 $8.32
billion
2018 $9 billion
2019 $8.58
billion
2020 $8.41 billion
2021 $8.89
billion
2022 $11 billion
2023 $8.98
billion
2024 $10.07 billion

5. Top Seafood Export Products from Vietnam (2024-25)
In the list of top seafood export products from Vietnam for 2024-25, several key items continue
to lead the global market. Vietnamese shrimp, including black tiger shrimp and Whiteleg
shrimp, are top exports, renowned for their quality and flavor, according to Vietnam shrimp
export data. Additionally, catfish, also known as Basa fish, remains a popular choice
internationally due to its affordability and versatility in various dishes. Tuna, squid, and
pangasius are other notable seafood products, further highlighting Vietnam's strong presence
in the global seafood export industry. Based on Vietnam customs and seafood shipment data,
the top 10 seafood exports from Vietnam in 2024 include:
Top 10 Seafood Exporting Companies in Vietnam (2024): Vietnam
Exporters Database
In 2024-25, Vietnam has solidified its position as a leading force in the seafood export
industry, with a few exporters successfully tapping into international markets. The Top 10
Seafood
Rank Product Export Value (USD) Key Export Markets
1 Shrimp (Whiteleg, Black Tiger, Lobster) $4 billion U.S., China, Japan, EU, South Kor
2 Pangasius (Tra Fish) $2 billion China, U.S., Brazil, Mexico, EU
3 Tuna $1 billion U.S., EU, Japan, South Korea,
Isra
4 Other Marine Fish $1 billion Japan, EU, U.S., South Korea
5 Squid & Octopus $662 million South Korea, China, Japan
6 Crab & Other Crustaceans $335 million China, Japan, U.S.
7 Shellfish (Clams, Mussels, Scallops) $215 million EU, Japan, South Korea
8 Other Mollusks $14.5 million Japan, EU
9 Eel $12 million Japan, China
10 Seaweed & Other Aquatic Products $10 million South Korea, Japan

6. Exporters in Vietnam represent companies known for their high standards of quality, innovation, and
sustainability. Minh Phu Seafood Corporation stands out as the largest seafood export company in Vietnam.
The best and most prominent seafood exporters in Vietnam, according to the Vietnam seafood exporters
database and supplier data for 2024-25, include:
Rank Company Name Approximate Export Value 2024 (USD)
1 Minh Phu Seafood Corporation $600 million
2 Vinh Hoan Corporation
$450 million
3 Quoc Viet Seafood Co., Ltd.
$350 million
4 Sao Ta Foods Joint Stock Company (Fimex VN)
$300 million
5 Nha Trang Seafood Joint Stock Company $250 million
6 Hung Vuong Corporation $200
million
7 Thuan Phuoc Seafoods and Trading Corporation $180 million
8 Seaprodex Vietnam $150
million
9 Cadovimex II Seafood Import-Export Processing $120 million
10 Bac Lieu Fisheries Joint Stock Company $100 million
Key Challenges Facing Vietnam's Seafood Export Industry
Rising Competition from Global Seafood Exporters
Although the outlook for Vietnam's seafood export sector remains positive, the industry
faces several challenges in the coming years. One of the primary obstacles is the increasing
competition from other seafood-exporting nations, such as Thailand and Indonesia. These
countries also have well-established seafood industries and are vying with Vietnam for a
larger share of the global market.

7. Environmental Concerns
Another significant challenge for Vietnam's seafood export sector is the rising concern over
environmental issues such as overfishing and pollution. As awareness grows about the
importance of preserving the marine ecosystem and ensuring sustainable fish stocks,
Vietnam must focus on adopting sustainable fishing practices and minimizing pollution in its
coastal waters to address these challenges effectively.
Volatile Prices and Currency Exchange Fluctuations
Fluctuating prices and currency exchange rates can also pose challenges for Vietnam's seafood
export sector. As per our database, the prices of seafood products can be affected by factors
such as supply and demand, seasonal fluctuations, and changes in consumer preferences.
Additionally, fluctuations in currency exchange rates can impact the competitiveness of
Vietnam's seafood exports in the global market.
Vietnam Seafood Export Overview: Performance and Trends in 2024
In 2024, Vietnam’s seafood export value reached $10.07 billion, marking a 12.7% increase year-
on-year. The top importing countries include China ($1.65 billion, up by 37%), the United States
($1.5 billion, up by 31%), Japan ($1.25 billion, up by 22%), the European Union ($1.1 billion, up
by 11%), and South Korea ($790 million, up by 13%). Notable trends include China surpassing
the U.S. as the largest importer of Vietnamese shrimp, while exports to the EU saw an 11%
increase, with a shift towards value-added products. Meanwhile, Japan’s imports grew
modestly by 1.5%, impacted by inflation.
Vietnam Seafood Shipment Data & Trends
In 2024, Vietnam’s monthly seafood export highlights include January 2025 reaching $774.3
million, reflecting a 3.3% year-on-year increase. October 2024 saw exports exceed $1 billion,
marking the first time this milestone was reached since June 2022. Product-specific trends
include consistent growth in shrimp exports, with live lobster exports to China increasing
sharply. Pangasius exports to the U.S. showed growth, while exports to China faced challenges
due to low import prices. Tuna exports reached $1 billion, driven largely by the demand for
canned and pouched products.

8. Tariff Impacts & Regulatory Challenges
In October 2024, the U.S. Department of Commerce announced preliminary countervailing
duties on shrimp imports, with Vietnam set at 2.84%, India at 4.36%, and Ecuador at 7.55%.
Vietnam's lower duty rate provides a competitive advantage in the U.S. market. Meanwhile,
the EU's ongoing warning against Illegal, Unreported, and Unregulated (IUU) fishing remains a
challenge, particularly for squid and octopus exports. Additionally, the shrimp and tuna
industries are facing domestic raw material shortages, leading to increased reliance on imports,
which is impacting processing capacities.
Vietnam Seafood Exports Outlook for 2025
The projected export value for Vietnam's seafood sector in 2025 is $11 billion, reflecting a 10%
year-on-year growth. Key growth drivers include rising demand in the U.S. and EU markets, the
resolution of trade disputes—particularly regarding pangasius exports—and the expansion into
new markets such as the Middle East and South America. However, challenges persist,
including ongoing regulatory hurdles like the EU's IUU fishing warning, intense global
competition from countries like Ecuador and India, and domestic issues such as disease
outbreaks in aquaculture and raw material shortages.
Key Takeaways
Vietnam's seafood exports demonstrated resilience and growth in 2024, achieving a significant
milestone with over $10 billion in exports. While opportunities abound in expanding markets
and product diversification, the industry must navigate trade regulations, competition, and
sustainability challenges to maintain its upward trajectory in 2025.
Conclusion
In conclusion, Vietnam's seafood export sector has both opportunities and challenges as it
looks ahead to the years 2024-25. By capitalizing on rising demand for seafood products,
expanding export markets, and investing in technology and infrastructure, Vietnam can
continue to be a major player in the global seafood industry. However, the industry must also
address challenges such as competition from other countries, environmental concerns, and
fluctuating prices and currency exchange rates to maintain its competitive edge.
We hope you liked our interactive and insightful blog report on Vietnam seafood export
statistics for 2024-25. Visit and subscribe to Cypher Exim for more market trends on Vietnam
import-export data and get a list of the top seafood exporters in Vietnam. Contact us

9. at info@cypherexim.com to get a customized report on Vietnam trade data and
Vietnam seafood export data for the first quarter of 2025!