According to the Vietnam Association of Seafood Exporters and Producers (VASEP), as of the end of October, Vietnam’s squid and octopus exports reached USD 627 million, a 19% increase compared to the same period last year. Despite domestic raw material shortages, October recorded the highest monthly export value of the year at USD 83 million.
This surge is attributed to rising international demand during the year-end season, particularly for convenience and processed products. Key export markets include East Asian and ASEAN countries, with South Korea leading, followed by Japan and Thailand.
Vietnam’s squid and octopus exports hit a new high in the first 10 months of 2025.
A notable trend in these markets is the growing consumer preference for convenience products like ready-to-eat dried squid, sun-dried squid, and processed octopus. South Korea and Japan, in particular, favor processed items, driving Vietnam’s export growth in these categories.
This shift presents a significant opportunity for Vietnamese squid and octopus processors and exporters. With stable domestic raw material supplies, the fourth quarter of 2025 is projected to see a 10-15% growth compared to the third quarter.
Previously, the General Department of Vietnam Customs reported that as of November 15, the country’s total import-export turnover exceeded USD 801 billion, surpassing the 2024 figure of USD 786.29 billion. This achievement places Vietnam among the top 15 countries with the highest trade volumes globally, exceeding the Ministry of Industry and Trade’s September forecast of USD 800 billion.
Exports reached USD 410.28 billion, while imports stood at USD 390.74 billion. Notably, several products set new export records, including lobsters, durians, cashews, coffee, and electronic equipment.
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