Vietnam’s pangasius exports continued to decrease in May 2023

Published 2023년 7월 4일

Tridge summary

Vietnam's pangasius exports have been consistently declining due to global fluctuations such as war and high inflation. In May 2023, pangasius export turnover reached $160 million, a 36% decrease compared to the previous year. The largest import market for Vietnamese pangasius is China and Hong Kong, followed by the US and the CPTPP market, although all markets experienced a decline in imports.

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

Original content

The fluctuations of the world such as war, high global inflation have caused Vietnam's pangasius exports from the beginning of the year until now to continuously decline. Vietnam pangasius export turnover in May 2023 reached 160 million USD, down 36% compared to May 2022. Accumulated pangasius exports in the first 5 months of 2023 reached USD 730 million, down 40% compared to the same period last year. By the end of May 2023, China and Hong Kong continued to be the largest import market for Vietnamese pangasius, with a value of US$233 million, down 37% compared to the same period last year. China is still the largest single market for pangasius, with a value of 217 million USD. Standing in second place is the US market with 118 million USD in the first 5 months of 2023, down 62% compared to the same period in 2022. In May 2023 alone, exports to this market also fell 53% and only reached 32 million USD. Pangasius exports to the US tend to decrease from the last quarter of 2022 and ...

Source: Vasep