Pangasius exports to UAE increase by 67% in first quarter

According to data from the General Department of Customs, in March 2024, Vietnam exported over 2 million USD of pangasius to the United Arab Emirates (UAE), up 62% year on year. Pangasius exports in the first 3 months of this year to this market reached more than 7 million USD, up 67% year on year.

Pangasius exports to UAE increase by 67% in first quarter

In the first month of this year, this market increased impressively by nearly 2.5 times compared to Vietnamese pangasius imports with nearly 4 million USD. However, export value in the following month immediately decreased by 31% to just over 1.2 million USD.

The Vietnam Association of Seafood Exporters and Producers (VASEP) said that the UAE mainly imported frozen filet products coded HS 0304 from Vietnam with over 2 million USD in March 2024, up 51% year on year and up 81% from the previous month, but down 33% compared to January 2024. This product accounts for 93% of Vietnam’s total pangasius exports to the UAE.

In the first quarter of 2024, this market imported nearly 7 million USD worth of frozen Vietnamese pangasius filets, up 56% over the same period last year.

During the period, the UAE also imported fresh, frozen or dried pangasius (coded 03) and value-added pangasius with a value of 517,000 USD, up 15 times and 152,000 USD, up 62% year on year.

Notably, in March 2022 and 2023, this market has hardly consumed frozen pangasius and value-added pangasius products from Vietnam. However, in March 2024, the UAE imported these two products again with values of 79,000 USD and 75,000 USD respectively./.