07/04/2026
Vietnam’s Seafood Exports Rise 8% in Q1 2026, China Remains Growth Engine
Hanoi, April 7, 2026
Vietnam’s seafood industry recorded strong growth in the first quarter of 2026, with export value reaching US$2.64 billion, an increase of nearly 8% compared to the same period last year. Despite signs of slowing momentum in March, China and Hong Kong continued to be the decisive drivers of growth.
Exports to China and Hong Kong surged to US$764 million in Q1, up 45% year-on-year, with March alone contributing over US$250 million. Seasonal demand during the Lunar New Year, robust mid-to-high-end consumption, and Vietnam’s supply chain flexibility were key factors behind this surge.
While China’s demand boosted lobster, pangasius, and tilapia exports, other major markets such as the US, Japan, and South Korea saw declines of around 10%. The EU market remained stable but showed limited growth potential. Emerging markets in ASEAN, Australia, and Taiwan provided modest diversification.
Industry experts caution that reliance on China carries risks due to policy volatility, seasonality, and rising competition. Diversifying market structures remains essential for sustainable growth.
Looking ahead to Q2, China is expected to remain the largest contributor, though growth will shift from seasonal peaks to more substantive consumer demand. Shrimp and pangasius will continue to anchor exports, while businesses are advised to leverage tariff advantages and focus on markets with logistical proximity
Ref: VASEP
