Vietnam: Pangasius exports to Russia skyrocketed after many years of decline

Published 2021년 5월 20일

Tridge summary

In the first half of April 2021, Vietnam saw a significant increase in pangasius exports to Russia, with a value of US$11.4 million, a rise of 118.7% compared to the same period in the previous year. This marks a positive start to the year for pangasius exports to Russia, a traditional market for Vietnamese pangasius but one with an unstable import policy. Russia is a major importer of white fish and white fish products, including frozen tilapia from China and hake from Argentina. The COVID-19 pandemic had impacted Russia's seafood industry, leading to a halt in imports from China and South Korea. Despite this, Vietnam has emerged as the largest supplier of frozen pangasius to the Russian market in 2021, with contributions also from Belarus and Kazakhstan.

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

Original content

According to the Association of Seafood Exporters and Producers (VASEP), by the first half of April 2021, the total value of pangasius exports to the Russian market reached US$11.4 million, up 118.7% over the same period last year. last year. After many years of interruption in exporting pangasius to this market, the beginning of this year has had many positives. According to VASEP, Russia is a traditional export market for Vietnamese pangasius. However, exports to this market are not stable because the country's import policy is different from other markets. Up to this point, Russia is both one of the world's largest export markets for white fish (pollen) but also an importer of many white fish products from China, Argentina and Vietnam. Currently, Russia is importing frozen tilapia products from China and hake from China and Argentina. VASEP said that in 2020, Russia's seafood industry also wobbled due to COVID-19 because the two largest ...

Source: Vietnambiz