Vietnam remains Russia's largest pangasius supplier

Published 2024년 7월 2일

Tridge summary

Vietnam has seen a significant increase in pangasius exports to Russia, with a 6.5 fold increase in May compared to the same period in 2023. The cumulative exports exceeded US$8 million, a 35% increase from the same period last year. Russia mainly imports dried and frozen pangasius whole fish and fillets from Vietnam. Despite a fluctuating demand, exports of dried and frozen pangasius to Russia increased by 77% year-on-year. However, there was a decrease of 35% in April. Vietnam's exports of frozen pangasius, the main product exported to Russia, accounted for 80% and exceeded 2 million US dollars in value in May, marking a 6.5 times increase year-on-year. Despite a decrease in export records from 2021 to 2024, the first five months of this year showed positive signs of recovery compared to the same period last year.

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

Original content

Vietnam's exports of pangasius to Russia in May increased 6.5 times compared with the same period in 2023. As of the end of May this year, Vietnam's cumulative exports of pangasius to Russia exceeded US$8 million, an increase of 35% over the same period last year. Russia hardly purchases processed pangasius from Vietnam, but dried and frozen pangasius whole fish and fillets. In the first five months of this year, Vietnam's exports of dried and frozen pangasius to Russia increased by 77% year-on-year. However, Russia's demand for such products is unstable. Exports in May this year increased by 1.3% year-on-year. 8.5 times and 3 times respectively, but there was a negative growth of 35% in April. Vietnam's frozen pangasius is the main product exported to Russia, accounting for 80%, and the export value in May exceeded 2 million US dollars, an increase of 6.5 times year-on-year. Looking at the export records in ...

Source: Foodmate