US DOC announced POR19 with new tariff rates. Q1 exports to US down over 10% due to weak demand and technical barriers.
The US Department of Commerce (DOC) has announced the results of the 19th administrative review (POR19) with new anti-dumping tariff rates applied to Vietnamese pangasius. Tariffs may return to 20% or more, significantly affecting competitiveness.
Seafood exports to the US in Q1/2026 decreased by more than 10% compared to the same period, mainly due to weak demand and increasing technical barriers. Enterprises are seeking to diversify markets to reduce dependence on the US.
VASEP recommends that enterprises need to be proactive in compliance, improve product quality, and seek alternative markets.
According to VASEP, seafood exports in March 2026 reached $927M, up 5% YoY. Q1 cumulative reached $2.64B. China & Hong Kong led with $764M, up 45%.
Seafood exports to China in March 2026 exceeded $250M, up over 50%. Live lobster benefits from market gap due to Canadian tariff changes.
Tilapia export value in Q1/2026 estimated at $35M, up about 190% YoY. Brazil opened market for Vietnamese tilapia.