According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in June 2023, Vietnam's exports to China and Hong Kong reached 48 million US dollars, down 15%; Exports to the United States reached $23 million, down 51%; Exports to the markets of countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) reached $21 million, down 39 percent year-on-year. The decline in exports across markets has gradually narrowed.

Specifically, Vietnam's CaTra fish(iridescent shark catfish) exports to China and Hong Kong, China, fell 66 percent in April 2023, 30 percent year-on-year in May, and only 15 percent in June. China, with a population of one billion, remains the largest market for Vietnamese fish sales. This narrowing of the gap can be seen as a good omen for the fish export industry.

In June 2023, Vietnam's CaTra fish exports to the US market reached 23 million US dollars, down 51% year-on-year. While June still saw double-digit negative growth, the gap has also narrowed compared with two months ago. Specifically, in May 2023, Vietnam's fish exports to the United States fell by 53% year-on-year, and in April it fell by 66% year-on-year.

In the first five months of 2023, the average export price of Vietnamese CaTra fish to the US market reached 3.3 US dollars/kg, down 30% from the same period last year.

According to the Commerce Department, the Personal consumption expenditures (PCE) index increased 3.8 percent in May 2023 from a year earlier, significantly down from 4.3 percent the previous month.

In addition to the reduction of consumer demand in the United States due to inflation factors, the problem of large inventories has also caused Vietnam's seafood exports to this market to fall into negative growth. The prices of goods in stock fell, leading to a fall in the prices of new imports.

In June 2023, Vietnam's exports to the markets of countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership reached $21 million, down 39 percent year-on-year. Demand for fish imports in the markets of countries participating in the agreement also fell by 23 to 55 percent.