Vietnam becomes Brazil’s second largest seafood supplier
Vietnam has emerged as the second largest supplier of seafood to Brazil, representing 17.33% of the total volume and 8.69% of the total value of seafood imports, according to data from the International Trade Centre (ITC) and the Ministry of Industry and Trade.
This shift reflects both the growing demand for seafood in Brazil and Vietnam's expanding role in the global seafood market.
In 2024, Brazil's seafood imports reached 291,600 tonnes, valued at approximately US$1.57 billion. This marks an 8.1% increase in volume and a 10.4% increase in value, compared to the previous year. The surge in demand for seafood has been attributed to various factors, including changing consumer preferences and a growing focus on healthy diets.
Notably, Brazil has increased its imports from several countries, including Chile, China, Argentina, Ecuador and the US. However, it is the increase in imports from Vietnam that stands out, with a remarkable 53.8% rise in volume and a 38.6% increase in value, culminating in 50,500 tonnes worth US$136.6 million.
Vietnam's seafood export performance has shown resilience and growth.
In February the country recorded seafood exports worth US$655.02 million, marking a 44.5% increase from the previous month. For the first two months of 2025, total seafood exports reached US$1.42 billion, reflecting a 19% rise year-on-year.
The primary markets for Vietnamese seafood exports are China, Japan and the US, which together account for 52.33% of total export value. The continued growth in these markets is encouraging, as they are pivotal for sustaining the country's export momentum.
Experts believe that the outlook for Vietnamese seafood exports remains positive. The increasing demand for seafood in major markets, including Brazil, the Republic of Korea, Australia, Thailand, the United Kingdom, Canada, Germany, Russia and others, indicates that Vietnam's seafood industry is well-positioned for growth. The ongoing trend of rising consumption in these markets shows the potential for further expansion.
Brazil solidifies position as Vietnam's biggest trade partner in Latin America
With bilateral trade hitting US$7.1 billion in the first 11 months of this year, Brazil remains Vietnam's largest trading partner in Latin America, according to Vietnamese Ambassador to the Latin American nation Bui Van Nghi.
