Vietnam's Squid & Octopus Exports Up 16% in H1 2025, China Market Shines

From January to June 2025, Vietnam’s total exports of squid and octopus reached $335 million, a 16% year-on-year increase.

• Squid exports: $194 million (+24% YoY).

• Octopus exports: $141 million (+7% YoY).

Major Market Trends

• South Korea: Remains the largest market, with exports hitting $122 million (+7% YoY).

• Japan: Exports reached $83 million (+21% YoY), showing rising demand.

• China: A standout performer, with June exports surging 87% YoY.

• Thailand: Exports grew 37% YoY, demonstrating significant potential.

Industry Challenges & Responses

• Pressures include cumbersome export procedures, the EU’s IUU yellow card restrictions, and potential U.S. tariff hikes.

• Recommendations from VASEP (Vietnam Association of Seafood Exporters and Producers):

  • Expand into emerging markets.

  • Enhance traceability transparency to break through trade barriers.