Seafood exports to Russia after more than a year of war
Frozen Whole Catfish
Seafood
Russia
Vietnam
Published Apr 5, 2023
Tridge summary
More than a year after the war between Russia and Ukraine, Vietnam's pangasius exports to the Russian market are showing positive signs of recovery. From the end of 2022, Russia has accelerated the import of Vietnamese pangasius.
Original content
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), pangasius is the main seafood product exported to Russia. In the first two months of 2023, Russia was among many markets that witnessed negative growth in Vietnamese pangasius imports, due to the impact of inflation and a decrease in consumption. Following the trend, only a few markets kept positive growth in pangasius imports from Vietnam, such as Germany, Saudi Arabia, and the UK, while most of the other major markets decreased, including Russia. In February 2023, pangasius exports to the Russian market reached nearly 2 million USD, down 40% compared to the same period in 2022 and accounted for 1% of the total value of Vietnamese pangasius to markets. In the first two months of 2023, Vietnam's pangasius to the Russian market reached nearly $2.5 million, down 53% compared to the same period in 2022 and accounted for 1.4% of the total value of Vietnamese pangasius exports to markets. The proportion of ...
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