The figure in the first five months of 2026 hit USD 62 million, more than doubling that in the same period last year, reflecting a strong recovery in international demand for Vietnamese tilapia.

Brazil remained the largest importer, with shipments worth USD 8 million in May. During the January-May period, exports to the South American market brought home at USD 34 million, accounting for more than half of Vietnam's total tilapia export value.

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A tilapia fingerling nursery operated by Cuu Long Fisheries JSC in Vinh Kim commune, Vinh Long province.

In contrast, exports to the U.S., the second-largest market, continued to decline. Shipments fell 53% year-on-year to USD 4 million in May, while five-month exports dropped 23% to USD 14 million amid weaker seafood demand and intensifying competition from other suppliers.

Canada and Australia recorded the highest growth during the five-month period, with exports surging 236% and 123%, respectively, highlighting their potential as emerging markets despite their relatively modest share.

VASEP noted that although export growth remains robust, the sector faces mounting challenges. Brazil is tightening protective measures on imported products, while the U.S. market continues to weaken.

The association said exporters should diversify their markets by expanding sales to destinations such as Canada, Australia, the Middle East and the European Union, while investing in value-added products and improving competitiveness to sustain long-term growth.

Source: VNA