- Address: Lot No. 20, Zone G, D1 Street, An Ha Industrial Park, Tan Vinh Loc Commune, Ho Chi Minh City
- Phone: (84-28) 668.36156 / 668.36158
- Hotline: 1800.9435
- Fax: (84-28) 3620.4694
- Email: vibo@vibo.com.vn
- Website https://vibo.com.vn/
Top 5 destinations for Vietnam’s shrimp exports
Top 5 destinations for Vietnam’s shrimp exports
(seafood.com.vn) In 2024, Vietnam exported shrimp to 107 markets, up from 102 in 2023. The top 5 major markets for Vietnam’s shrimp exports were China & Hong Kong, the U.S., Japan, the EU, and South Korea, accounting for 76% of the total shrimp export value.
In 2024, shrimp exports capitalized on the recovery of demand and import prices in the U.S. and China, leading to significant growth in exports to these two major markets. Moreover, shrimp exporters have maintained a strong presence in markets like Japan, South Korea, and the EU, thanks to the reputation and quality of their products, as well as the added value of processed shrimp products.
Free trade agreements have also provided a competitive edge, boosting shrimp exports to markets like the UK, Canada, Australia, and Singapore.
China & Hong Kong
After a decline in Q2 2024, Vietnam’s shrimp exports to China & Hong Kong rebounded strongly in Q3 and Q4. In Q4 2024, exports to this market surged by 69%, reaching USD 258 million. For the entire year, shrimp exports to China & Hong Kong totaled USD 843 million, a 39% increase compared to 2023. Due to this strong growth, China & Hong Kong surpassed the U.S., becoming Vietnam’s largest shrimp export market.
The domestic shrimp supply in China has decreased due to unfavorable weather conditions, and Ecuador has also reduced shrimp exports to China in 2024. In response, China has introduced various measures to boost consumer spending, which supports the importation of shrimp into the market.
In 2024, in the structure of Vietnam’s shrimp exports to China & Hong Kong, other types of shrimp accounted for the largest share (51.7%), largely due to a significant increase in imports of lobster from Vietnam. Whiteleg shrimp followed with 36.1%, and black tiger shrimp accounted for 12.2%.
United States
In 2024, Vietnam’s shrimp exports to the U.S. reached USD 756 million, an 11% increase compared to 2023. Throughout 2024, exports to the U.S. showed positive growth in all four quarters, except for a slight dip in Q2. Exports to this market accelerated in the second half of the year.
In 2024, whiteleg shrimp continued to dominate the product structure of Vietnam’s shrimp exports to the U.S., making up 84.3% of the total. Black tiger shrimp followed with 9.3%, while other types of shrimp made up the remaining portion.
The top three shrimp exporters to the U.S. were Sóc Trăng Seafood JSC, Sao Ta Food JSC, and Clean Seafood JSC.
Japan
In 2024, Vietnam’s shrimp exports to Japan reached USD 517 million, a 1% increase compared to 2023. After declining in the first two quarters of 2024, shrimp exports to Japan rebounded in Q3 and Q4, though growth remained modest.
From mid-Q3 2024, the Japanese Yen strengthened significantly, improving purchasing power. Additionally, Vietnam’s main competitor in the Japanese market, India, faced controversies over the use of child labor, which led Japanese importers to favor Vietnamese shrimp.
European Union
In 2024, shrimp exports to the EU reached USD 484 million, a 15% increase compared to 2023. The top three import markets within the EU were Germany, the Netherlands, and Belgium. Exports to these three markets all saw double-digit growth, with the Netherlands recording the highest growth rate of 22% in 2024.
In the structure of Vietnam’s shrimp exports to the EU in 2024, whiteleg shrimp continued to dominate, accounting for 80.6%, followed by black tiger shrimp at 12.2%, with other types of shrimp making up the rest.
Some of the leading companies exporting shrimp to the EU include Thong Thuan Cam Ranh Seafood JSC, Thuan Phuoc Seafood and Trading JSC, Nha Trang Seafoods - F17 JSC, and Minh Phu-Hau Giang Seafood JSC.
South Korea
In 2024, shrimp exports to South Korea reached USD 334 million, a 3% decrease compared to 2023. Vietnam's shrimp exports to South Korea continue to be affected by the country’s shrimp import quotas, with companies facing substantial costs to secure these quotas.
According to ITC data, South Korea's shrimp imports in the first 11 months of 2024 totaled USD 723 million, up 3% compared to the same period in 2023. Vietnam remains the largest shrimp supplier to South Korea, with a dominant market share of 46%. China ranks second with a 10% market share. In the first 11 months of 2024, South Korea increased shrimp imports from Peru, China, and Canada.
Translation from VIBO news. Author of Vietnamese article: Adapted from VASEP (seafood.vasep.com.vn).
Other news
26
THG11
Feed prices for aquaculture in 2025 show a downward trend, supporting farmers in restoring production
At the Conference on Feed Management and Environmental Treatment Products for Aquaculture, organized on the morning of November 21 by the Directorate of Fisheries and the Fisheries Surveillance Department in coordination with the Department of Agriculture and Rural Development of Ho Chi Minh City, reports indicated that aquaculture feed prices in 2025 are not increasing compared to 2024 and are trending downward.
20
THG11
The global frozen shrimp market is expected to move toward strong growth through 2035
The global frozen shrimp market is projected to increase from approximately USD 18,742.6 million in 2025 to USD 32,847.3 million by 2035 — equivalent to about 75.3% growth over the next 10 years. The compound annual growth rate (CAGR) is estimated at 5.8% from 2025 to 2035.
12
THG11
Applying technical innovations to develop sustainable brackish-water shrimp farming in the Mekong Delta
Vietnam’s shrimp industry plays a strategic role, contributing up to 45% of the country’s seafood export value and providing livelihoods for millions of households. However, climate change, stricter quality and traceability requirements, and increasing global competition are posing major challenges. The development goal is no longer to increase volume but to enhance value, sustainability, and environmental responsibility.
12
THG11
Ca Mau expands the RAS-IMTA shrimp farming model to 1,500 hectares
The People’s Committee of Ca Mau Province has issued a plan to scale up the intensive super-high-density, low-water-exchange, biosecure whiteleg shrimp farming model (RAS-IMTA) to 1,500 hectares, aiming to promote high-tech shrimp farming that is sustainable and environmentally friendly.
17
THG10
Fluctuations in the global shrimp market: US tariffs create pressure, prices clearly differentiate
The global shrimp market is undergoing a period of major volatility, in which U.S. tariff policies are the dominant factor, creating significant pressure on exporters and causing clear price divergence across key markets such as the United States, China, and India.
06
THG03
Shrimp-rice model: Is it a sustainable development solution?
Although there are ecological conflicts between shrimp and rice, for now, in conditions where the irrigation system is not yet fully developed, the shrimp–rice model is a temporary solution that can bring benefits to farmers.
25
THG11
Soc Trang Province: Over 16,000 hectares of shrimp stocked, estimated production reaches 35,500 tons
According to the Sóc Trăng Department of Fisheries, as of May 23, localities in the province have stocked more than 16,000 hectares of shrimp farms, with shrimp farming area loss accounting for 1.8% of the stocked area; the estimated harvest production is 35,500 tons.
25
THG11
Minh Phu Profits Surge Fourfold in First Half of 2025
Minh Phu Seafood Corporation recorded an after-tax profit of nearly VND 177 billion in the first six months of the year - almost four times higher than the same period last year - thanks to increased production and sales of value-added products.
25
THG11
Top 5 destinations for Vietnam’s shrimp exports
In 2024, Vietnam exported shrimp to 107 markets, up from 102 in 2023. The top 5 major markets for Vietnam’s shrimp exports were China & Hong Kong, the U.S., Japan, the EU, and South Korea, accounting for 76% of the total shrimp export value. In 2024, shrimp exports capitalized on the recovery of demand and import prices in the U.S. and China, leading to significant growth in exports to these two major markets. Moreover, shrimp exporters have maintained a strong presence in markets like Japan, South Korea, and the EU, thanks to the reputation and quality of their products, as well as the added value of processed shrimp products.
24
THG11
Aquatic production output reaches over 7.26 million tons in first nine months of 2025
According to the General Statistics Office, Vietnam’s total aquatic production in Q3/2025 was estimated at over 2.71 million tons, an increase of 3.3% compared with the same period in 2024. Cumulatively, in the first nine months of 2025, total aquatic production exceeded 7.26 million tons, up 3.2% year-on-year, confirming a steady recovery of the fisheries and aquaculture sector.
