A Vietnamese fish is topping the list of favorites in Malaysia, with more purchases each month than the previous month

Published Dec 8, 2024

Tridge summary

Vietnamese pangasius products are popular in Malaysia, with exports to the country increasing continuously and reaching over 3 million USD in October 2024, an increase of 19% from the previous month. The exports mainly consist of frozen pangasius fillets, with a significant growth in value-added pangasius products. Malaysia is the largest importer of frozen pangasius fillets from Vietnam. Overall, Vietnam's seafood exports exceeded 1 billion USD in October 2024 and are on track to reach the target of 10 billion USD, with shrimp and pangasius being the main contributors. The Chinese, Hong Kong, and US markets are the leading seafood import markets for Vietnam.

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

Original content

According to information from VASEP, Vietnamese pangasius products have consistently topped the list of most popular white fish in many markets, Malaysia being no exception. Located in ASEAN - one of the largest free trade areas in the world, pangasius exports to this market have grown continuously in recent years. According to data from Vietnam Customs, in October 2024, pangasius exports to Malaysia reached more than 3 million USD, an increase of 19% compared to October 2023. In the first 10 months of this year, pangasius exports to this market reached 29 million USD, an increase of 21% over the same period last year and positive growth in most months, except August 2024. July this year recorded the highest export turnover of pangasius to Malaysia since the beginning of 2023, with more than 4 million USD, an increase of 52% over the same period in 2023. The structure of Vietnamese pangasius exports to Malaysia is mainly frozen pangasius fillets with HS code 0304. In the first ten ...

Source: Danviet