Pangasius exports worth some 1.5 billion USD in nine months

Wednesday, 09/10/2024 17:00
Pangasius export turnover reached an estimated 1.46 billion USD in the first nine months of the year, a year-on-year increase of 8%, according to the Vietnam Association of Seafood Exports and Producers (VASEP).
Pangasius export turnover in the nine months is estimated at nearly 1.5 billion USD. (Photo: congthuong.vn)

Although the processed pangasius group accounted for a modest proportion in the period, it increased dramatically by 42%; frozen whole pangasius increased by 24% and frozen fillet or cut pangasius increased slightly by 4%.

Export of the commodity in the nine months is quite positive compared to the same period last year as export turnover continuously recorded positive growth. However, customs data shows that in the first half of September 2024, some major markets witnessed a slight decline such as China and Hong Kong (China) down 19% and Thailand down 23%.

By September 15, pangasius exports to markets still recorded growth due to export turnover in previous months achieving quite positive results. Specifically, exports to the US reached 240 million USD, up 23%; Brazil, 81 million USD, up 26% and Thailand, 43 million USD, up 9%.

In the first half of the last month of the third quarter, Mexico continued to lead the CPTPP market in consumption of Vietnamese pangasius with a value of 3 million USD, up 25% year on year, contributing 30% of the total CPTPP pangasius imports from Vietnam. By September 15, pangasius export to the market reached 55 million USD, up 19% year on year.

Following Mexico, pangasius exports to Canada reached 2 million USD in the first half of September 2024, up 49% year on year. As of September 15, 2024, pangasius exports to this market reached more than 28 million USD, up 13% year on year./.

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