Seafood Export of Vietnam: A Strategic Insight Into the Regulatory Shipments of 2024

The seafood export of Vietnam has seen a tremendous hike in its industrial expansion, as the coastline of over 3,200 km and the abundance of natural resources have enabled the country to become one of the top seafood exporters in the world. Vietnam Import Data says, the General Statistics Office of Vietnam has depicted that the country has exported over 8 billion US dollars of seafood products to various countries around the globe, which has accounted for nearly 7% of the country’s total export revenue and has contributed substantially to the annual GDP valuation. China, Japan, South Korea, and the United States have been dominating the top export partners of the Vietnamese seafood industry.

The growing global demand for seafood from the trade management authorities of Vietnam due to the high quality production and longer shelf life has recorded an export trade value of 12 billion US dollars of seafood from the nation in 2024. Import Globals with this Vietnam trade data highlight traditional shipments of seafood from the trade firms to other importing destinations worldwide. The valuable trade asset helps the business owners to actively monitor the competitors, enhancing engagement in specific categories to empower them while making decisions based on future positive trade trends.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF SEAFOOD FROM VIETNAM IN 2024

The Vietnamese government authorities have been implementing several initiatives over the past few years to counter the export of seafood by promoting a positive trade rate. The provincial credit packages with low-interest loan programs for the seafood and forestry sectors, scaling up funding to approximately VN$60 trillion, have offered interest rates 1 to 1.5% below market levels, fostering the sectors to maintain operations and invest in production.

The National Programme for Aquatic Resource Protection is also a crucial one, maintaining sustainable development of the seafood industry. It includes measures to combat illegal, unreported, and unregulated fishing, addressing the Commission’s warning, and aims to improve compliance with the international standards. The utilization of the Free Trade Agreements of Vietnam, like the Comprehensive and Progressive Agreement for Trans-Pacific Partnership accompanied by the new Vietnam Free Trade Partnership Agreement, has been working in a continuous manner to facilitate the market expansion contributing to the growth of seafood exports.

THE LEADING VARIANTS OF SEAFOOD EXPORTED FROM VIETNAM IN 2024

The growing global concern regarding the inclusion of healthy alternatives in the daily diet has recorded a hike in the overall seafood export of Vietnam. The country has introduced diversification in the global supply to counter the trade positively. According to the Vietnam Export Data, the top 10 leading variants of seafood exported from the nation in 2024 are,

  1. Shrimp — Export trade value of Shrimp from Vietnam in 2024–3.4 billion US dollars
  2. Pangasius- Export trade value of Pangasius from Vietnam in 2024–2.7 billion US dollars
  3. Tuna- Export trade value of Tuna from Vietnam in 2024–1.5 billion US dollars
  4. Squid- Export trade value of Squid from Vietnam in 2024–1.21 billion US dollars
  5. Octopus- Export trade value of Octopus from Vietnam in 2024–1 billion US dollars
  6. Clams- Export trade value of Clams from Vietnam in 2024–900 million US dollars
  7. Lobster and Crab- Export trade value of Lobster and Crab from Vietnam in 2024–700 million US dollars
  8. Mackerel- Export trade value of Mackerel from Vietnam in 2024–600 million US dollars
  9. Scallop- Export trade value of Scallop from Vietnam in 2024–509 million US dollars
  10. Oyster- Export trade value of Oyster from Vietnam in 2024–450 million US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF VIETNAM FOR SEAFOOD IN 2024

The Vietnamese government has been adopting different cost-effective pricing strategies to counter the export valuation by a positive rate, as a step forward in building up supply chains with the leading importing destinations. According to the Vietnam Customs Data, the top 10 export trade partners of the nation for seafood in 2024 are,

  1. United States — The annual export trade value of seafood from Vietnam to the United States in 2024–2.91 billion US dollars

Top 5 variants of seafood exported

1. Shrimp

2. Prawns

3. Catfish

4. Tilapia

5. Tuna

2. Japan — The annual export trade value of seafood from Vietnam to Japan in 2024–1.78 billion US dollars

Top 5 variants of seafood exported

1. Squid

2. Octopus

3. Clams

4. Mussels

5. Oysters

3. China — The annual export trade value of seafood from Vietnam to China in 2024–1.65 billion US dollars

Top 5 variants of seafood exported

1. Lobster

2. Crab

3. Scallop

4. Snapper

5. Barramundi

4. South Korea — The annual export trade value of seafood from Vietnam to South Korea in 2024–1.2 billion US dollars

Top 5 variants of seafood exported

1. Squid

2. Lobster

3. Clams

4. Mussels

5. Oysters

5. EU — The annual export trade value of seafood from Vietnam to the EU in 2024–1 billion US dollars

Top 5 variants of seafood exported

1. Cuttlefish

2. Sardine

3. Mackerel

4. Groupers

5. Cod fish fillet

6. ASEAN countries — The annual export trade value of seafood from Vietnam to ASEAN countries in 2024–800 million US dollars

Top 5 variants of seafood exported

1. Giant river prawn

2. Salmon

3. Cuttlefish ink

4. Sea urchin roe

5. Abalone

7. Canada — The annual export trade value of seafood from Vietnam to Canada in 2024–700 million US dollars

Top 5 variants of seafood exported

1. Pacific saury fillet

2. Lobster tail

3. Jumbo squid whole round

4. Tuna steak

5. King prawn

8. Australia — The annual export trade value of seafood from Vietnam to Australia in 2024–600 million US dollars

Top 5 variants of seafood exported

1. Octopus

2. Tuna

3. Clams

4. Lobster

5. Crab

9. Taiwan — The annual export trade value of seafood from Vietnam to Taiwan in 2024–500 million US dollars

Top 5 variants of seafood exported

1. Catfish

2. Sardines

3. Herring

4. Shrimp paste

5. Oysters

10. Russia — The annual export trade value of seafood from Vietnam to Russia in 2024–400 million US dollars

Top 5 variants of seafood exported

1. Tuna

2. Squid

3. Octopus

4. Clams

5.Oysters

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