Prospects for exporting pangasius to UK

Published 2021년 1월 6일

Tridge summary

The article highlights the significant growth in pangasius exports to the UK market, with the export value reaching USD 60.15 million in 11 months, a 48% increase from the previous year. The UK was the only export market to experience consistent growth in 2020, despite the pandemic. The proportion of processed pangasius products surged, accounting for 32% of total exports, marking a 1,400% increase from the previous year. Vietnam is the primary supplier of pangasius to the UK, with the Free Trade Agreement between Vietnam and the UK (UKVFTA) officially signed on December 29, 2020, and effective from December 31, 2020. The agreement is expected to further boost pangasius exports to the UK, providing tariff preferences and commitments to quality standards.

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

Original content

According to Ms. Ta Ha, a pangasius specialist of the Vietnam Association of Seafood Exporters and Producers, the total value of pangasius exports to the UK market in 11 months reached USD 60.15 million, an increase of more than 48% over the same period. last year. In 2020, the UK is the only export market to achieve 9 consecutive positive growth, despite the Covid-19 pandemic. Proportion of processed pangasius products (HS 1604) increased sharply, accounting for 32% of total pangasius exports, increased more than 1,400% over the same period last year. With this export value, if still in the EU as last year, the UK has surpassed the Netherlands as the largest importer in the region. In the past 5 years, export value to the UK market has always been in the top 5 largest markets in the EU. According to updated statistics, 91% of the total volume and 90% of the total value of British pangasius imports are from Vietnam. In addition to importing pangasius directly from Vietnam, the UK ...

Source: Vinanet