Vietnamese catfish exports to hit $2 billion mark this year

Published 2024년 12월 30일

Tridge summary

Vietnamese catfish exports are projected to reach $2 billion by the end of the year, with Mainland China and Hong Kong being the largest export markets. In November 2024, exports to these markets hit $50 million, marking a 27% increase compared to the previous year. The US was the second-largest market, with cumulative exports totaling $317 million, showing a 26% year-on-year increase. Exports to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) markets also increased by 10% year-on-year, totaling $248 million. Despite a 25% decrease in exports to Mexico, the European Union remained the fourth-largest market with cumulative exports reaching $161 million, a 3% increase year-on-year. VASEP emphasized the industry's growth and the need for Vietnamese businesses to remain competitive against other white-fleshed fish.

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Original content

Mainland China and Hong Kong (China) remained the largest export markets for Vietnamese catfish. Vietnamese catfish (pangasius) exports this year will likely hit the US$2 billion mark, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP). In November 2024, the Southeast Asian country's catfish export turnover reached $179 million, representing a 16 per cent increase compared to November 2023. Cumulatively, exports by the end of November 2024 totalled $1.8 billion, marking a 10 per cent year-on-year increase. Vietnamese catfish recorded positive results in the first 11 months of 2024 compared to the same period in the previous year. Mainland China and Hong Kong (China) remained the largest export markets for Vietnamese catfish. In November 2024 alone, exports to the markets hit $50 million, a 27 per cent increase compared to November 2023. Cumulatively, exports to mainland China and Hong Kong (China) surpassed the half-a-billion mark for the 11-month ...

Source: WTOCenter