According to the Vietnam Association of Seafood Exporters and Producers (VASEP), shrimp export revenue in July alone reached US$410 million, up 9% year-on-year, bringing total earnings for the first seven months of 2025 to US$2.5 billion, a 24% increase over the same period last year.

China remains Vietnam’s largest shrimp market, with exports hitting US$710 million (29% of total), a 78% jump year-on-year. July shipments to China surged 63% to US$115 million, driven by strong demand for lobster and processed shrimp, favorable logistics, and proximity.

Shipments to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) countries totaled US$699 million, up 36% and accounting for 28% of overall exports. Japan led within the bloc at US$320 million, up 15%, though July exports dipped 1.4% due to yen depreciation.

The EU imported US$309 million worth of Vietnamese shrimp from January to July, a 17% increase. July alone saw US$57 million in exports, up 21%, supported by easing inflation and stable demand for processed shrimp.

The Republic of Korea (RoK) contributed US$203 million (8% of total), driven by HORECA and retail demand.

In contrast, the US market faced challenges. July exports fell 29% to US$63 million, while seven-month earnings rose just 3% to US$404 million, following preemptive orders ahead of a 20% reciprocal tariff and anti-dumping investigations. VASEP warned that Vietnam is losing competitiveness to rivals like Ecuador (15% tariff), Indonesia, and the Philippines (19%), prompting exporters to adjust pricing and restructure orders.

White-leg shrimp dominated exports at US$1.6 billion (63% of total, up 8%), black tiger shrimp brought US$260 million (up 5%), while other shrimp products, including frozen varieties, surged 117% to US$657 million, driven by Asian market demand.

VASEP projects that sustained momentum in Asia, combined with growth in the EU and CPTPP regions, particularly in processed and value-added products, could help Vietnam meet or exceed the US$3.8 billion export target in 2025. However, persistent challenges in the US market may dampen growth in the latter half of the year, highlighting the need for market diversification, value-added production, international certifications, and adaptive pricing strategies.

Shrimp export outlook strong amid trade challenges

VOV.VN - Vietnam’s shrimp exports saw a robust rebound in the first quarter of 2025, and are expected to thrive in the coming months as US importers increase purchase, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).