Vietnamese pangasius exports to CPTPP: Mexico and Canada regain their growth

Frozen Whole Catfish

Vietnam

Published Dec 11, 2023

Tridge summary

In October 2023, the value of Vietnamese pangasius exports to CPTPP member countries showed positive growth for the first time in 9 months, reaching over 23 million USD, with the main contributors being Mexico and Canada. Mexico remained the leading market in importing pangasius from Vietnam, while Canada also showed impressive growth. However, other markets in the bloc, such as Singapore, Japan, and Australia, mostly witnessed a decline in Vietnamese pangasius imports.

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Original content

Despite recording an positive growth rate, the value of pangasius exports to CPTPP in October this year was not as high as in a few previous months (March and August 2023 recorded a turnover of 23.4 million USD and 23.3 million USD). In October 2023, Vietnamese pangasius exports to the markets of CPTPP member countries showed positive growth for the first time after 9 months of decline, with turnover reaching more than 23 million USD, up 4% over the same period last year. The overall growth in October was contributed by turnover increases to two markets: Mexico and Canada. In October 2023, Mexico still maintained its growth, continuing to be CPTPP leading market in importing pangasius from Vietnam, with more than 7 million USD, an increase of 10% compared to October 2022. This country's import value in the first month of the fourth quarter of 2023 is also the highest level since the beginning of this year. By the end of October 2023, Mexico had purchased from Vietnam mainly frozen ...

Source: Vasep