Vietnam’s Seafood Export: A Comprehensive Review of 2024 Performance

Vietnam’s Seafood Export: A Comprehensive Review of 2024 Performance

Vietnam’s seafood industry continues to assert its position as a global leader, with impressive growth recorded in 2024. Despite various challenges, the sector has demonstrated resilience and potential, supported by rising global demand and robust contributions from key markets and enterprises. This article provides a detailed overview of Vietnam’s seafood export performance, focusing on general market status, the top 10 export markets, and the 20 leading exporters.

General Overview

In November 2024, Vietnam’s seafood exports rebounded strongly, surpassing $1 billion after over two years. According to the Vietnam General Department of Customs, the export value for November 2024 reached $917.7 million, marking a 16.7% year-on-year increase, albeit a 10.2% decline compared to October 2024. For the first 11 months of 2024, cumulative seafood exports amounted to $9.17 billion, reflecting an 11.45% increase over the same period in 2023. This growth was driven by increased global demand, rising prices of key products like pangasius and shrimp, and expanded production capacity.

Vietnam’s total seafood production in November 2024 reached an estimated 864.8 thousand tons, up 3.4% year-on-year. The production included 598.6 thousand tons of fish, 144.0 thousand tons of shrimp, and 122.2 thousand tons of other aquatic products. Significant contributors included pangasius and white-leg shrimp, whose production increased by 4.7% and 8.4%, respectively.

Top 10 Export Markets

Top 10 Seafood Exporters

The significant contributions of Vietnam's top seafood exporters highlight the industry's robust capacity to meet global demand. These companies have consistently driven innovation and maintained high standards, ensuring Vietnam's competitive edge in international markets. Their efforts reflect a commitment to excellence and adaptability, which are vital for sustaining growth and expanding into new markets.

Conclusion

Vietnam’s seafood sector remains a vital contributor to the country’s economy, achieving notable growth in 2024. With continued efforts to meet international standards and adopt sustainable practices, Vietnam is well-positioned to strengthen its presence in global markets. By focusing on quality, innovation, and sustainability, the seafood industry aims to overcome future challenges and build upon its success.