Vietnam: Pangasius exports to China and the US continue to recover in the last months of the year

Published 2024년 9월 16일

Tridge summary

In the first seven months of 2024, China's whitefish imports saw a decrease of 14% from the previous year, totaling over 1 billion USD, with the US being its largest supplier despite a 21% drop. Meanwhile, Russia and Vietnam emerged as the top suppliers to China, with declines of 21% and 22% respectively compared to the same period in 2023. The US market saw an increase in Vietnamese whitefish imports by 10% to over 184 million USD, while Chinese whitefish imports decreased by 17%. China remains a significant market for Vietnamese pangasius, with expectations for growth later in the year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to data from the International Trade Center ITC, in the first 7 months of 2024, whitefish imports into China reached more than 1 billion USD, down 14% compared to more than 1.2 billion USD in the same period in 2023; The US reached more than 863 million USD, down 21% compared to more than 1 billion USD in the same period in 2022. Previously, in 2023, whitefish imports into China reached nearly 1.78 billion USD, down 27% compared to more than 2.4 billion USD in 2022; the US was 1.75 billion USD, down 31% compared to nearly 2.6 billion USD in 2022. For the US market, in the first half of 2024, more than 184 million USD of Vietnamese whitefish was imported into the US, up 10% over the same period in 2023; more than 357 million USD of Chinese whitefish was imported into the US, down 17% over the same period. In 2023, China was the largest supplier of whitefish to the US, with a total import value of 775 million USD, accounting for 44% of the total whitefish imported from the ...

Source: Vasep