Vietnam's pangasius exports valued at US$918 million in the first half of the year

Published 2024년 8월 6일

Tridge summary

Vietnamese pangasius exports experienced mixed results in the first half of 2024, with a slight increase in revenue overall. The primary export, frozen pangasius fillet (0304), saw a 3% increase in value amounting to US$739 million, contributing to 80% of total exports. Other dried and frozen pangasius products (03) saw a 17% increase in value, totaling US$162 million. The main export markets were mainland China and Hong Kong, with a 16% increase in value, followed by the United States, which saw a 22% increase. Exports to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) market also increased by 11%. Additionally, exports to Brazil, Thailand, Colombia, and Saudi Arabia experienced significant growth.

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

Original content

The main export product is still the frozen pangasius fillet coded 0304. As of the end of June 2024, the export value of this product was US$739 million, a year-on-year increase of 3%, accounting for 80% of exports. The export value of dried pangasius and other frozen products (whole fish, cut pieces, etc., coded 03) was US$162 million, a year-on-year increase of 17%. In terms of consumer markets, mainland China and Hong Kong continued to be the largest export markets for Vietnamese pangasius in June. In June, Vietnamese pangasius exports to mainland China and Hong Kong were US$56 million, a year-on-year increase of 16%. The cumulative export value in the first half of the year exceeded US$258 million, a year-on-year decrease of 8%. The United States is the second largest Export market, in June, exports to it were 27 million US dollars, up 22% year-on-year, down 9% month-on-month. In the first six months, the cumulative export value was 160 million US dollars, up 14% year-on-year. ...

Source: Foodmate