300 Vietnamese enterprises participated in selling one species of fish around the world, the most exports to United States and China

Published 2022년 8월 3일

Tridge summary

Vietnam has seen a significant increase in pangasius exports to its two largest markets, China and the US, reaching 55% of total exports. China's imports surged by 79% to nearly $428 million, while the US imports rose by over 100% to $356 million. This increase is primarily due to a significant rise in the average export price of pangasius, with prices in China and the US increasing by 37% and 60% respectively. Despite a decrease in exports to Russia due to the conflict in Ukraine, pangasius imports from Vietnam have seen growth in other markets such as Mexico and Thailand. The exports consist mainly of frozen pangasius fillets and cuts, with over 300 enterprises participating in the exports. The top five enterprises account for 16% of the sales.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Vietnam Association of Seafood Exporters and Producers, the two markets of China and the US account for 55% of Vietnam's pangasius exports. In which, China accounted for 30% with nearly 428 million USD, up nearly 79% over the same period; The US accounted for 25% with 356 million USD, more than 2 times higher than in the first half of 2021. The sharp increase in the average export price of pangasius is the main factor that helps the value of pangasius exports to markets increase sharply. The average export price of frozen pangasius fillets to the Chinese market in the first half of this year was $2.45/kg, up 37% from $1.79/kg in the same period in 2021. The price of pangasius fillets exported to the US market averaged $4.66/kg, up 60% from $2.93/kg in the same period in 2021. The average export price of pangasius fillets to other markets was the same. increased from 28 to 66%. Inflation increased to a record in the US, food prices increased by 20-30%, pangasius ...
Source: Danviet

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