According to data from the General Department of Vietnam Customs, in May 2024, Vietnam’s pangasius export turnover reached 167 million USD, up 5% year on year. Cumulative pangasius exports in the first 5 months of this year reached 747 million USD, up 2% year on year.
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Frozen pangasius fillets are still the main product for Vietnam’s pangasius exports. In May 2024, exports of this product to markets reached 134 million USD, up 2% year on year. By the end of May, Vietnam exported nearly 603 million USD worth of frozen pangasius fillets to markets, down slightly by 0.1% year on year.
China and Hong Kong (China) are still the largest consuming markets for Vietnamese pangasius. Export of the commodity to the markets in the first 5 months, reached nearly 203 million USD, down 13% year on year.
In particular, in May 2024, pangasius export turnover to China reached nearly 48 million USD, down 1%, while exports to Hong Kong (China) reached more than 2.3 million USD, down 16% year on year.
While exports to the Chinese market recorded a slight increase, pangasius exports to the US witnessed negative growth in May 2024. Accordingly, pangasius exports to the market reached 30 million USD, down 7% year on year. However, cumulative pangasius exports in the first five months of this year to the US reached more than 132 million USD, up 12% year on year.
Pangasius exports to the CPTPP market continue to maintain growth momentum in May 2024 with a value of nearly 13 million USD, up 17% year on year. Among them, a few markets recorded an increase, including Mexico, Japan, Canada and Singapore. By the end of May 2024, pangasius exports to CPTPP reached 103 million USD, up 9% over the same period.
Similar to the US market, pangasius export turnover to the EU market witnessed a decrease of 16% in May 2024, worth 14 million USD. Cumulative exports in the first five months of the year to this market reached 70 million USD, down 9% year on year./.