Stand a chance for Vietnam’s pangasius exports to the US to increase

Published 2024년 9월 9일

Tridge summary

Vietnam has experienced a significant surge in the export of value-added pangasius to the US, with a 42,000-fold increase in July 2024 compared to the same period in 2023, contributing 33% to the total value-added pangasius exports. The exports of dried and other frozen pangasius products to the US have been volatile but saw a doubling in July 2024. Meanwhile, the export value of frozen pangasius fillets to the US, the primary product, increased by 61% in the first seven months of 2024. Vietnam remains the second-largest supplier of whitefish to the US, following China, with a 472% increase in the first half of 2024. This growth in pangasius exports to the US is attributed to increased consumer demand and a decrease in inventories in 2023, although the market faces challenges due to the Russia-Ukraine war and Red Sea conflicts.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Exported value-added pangasius to the US keeps rising. In July 2024, the export value of this product reached US$1.3 million, an increase of 42 thousand times compared to the same period in 2023, accounting for 33% of the total value-added pangasius exported by Vietnam to markets in July 2024.In June, the export was more than US$800 thousand, an increase of 7 times compared to the same period. By the end of July 2024, the export of value-added pangasius to the US reached about US$3 million, an increase of 14 times compared to the same period last year. This figure accounts for 14% of the total value of value-added pangasius exported by Vietnam to markets in the first 7 months of 2024. Exports of dried pangasius and other frozen products (whole round, steak, bladder, etc.) to the US in the first 7 months of this year were unstable when the previous month, the value recorded growth, but decreased immediately in the following month. However, in July 2024, exports of dried pangasius ...
Source: Vasep

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