Britain and Brazil suddenly spent heavily on importing Vietnamese pangasius

Published 2024년 7월 8일

Tridge summary

In June, Vietnam's seafood export turnover reached $875 million, a 14% increase from the previous year, marking the highest monthly export turnover in 2023. Key products like pangasius, tuna, and crab saw significant growth, with pangasius exports increasing by 22%, especially to markets like China, Hong Kong, ASEAN, the UK, Brazil, and the US. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) also boosted pangasius exports. Despite high demand, prices are expected to remain low due to competitive pressures and high input costs. The US Department of Commerce's final anti-dumping tax review resulted in lower tax rates for six Vietnamese pangasius exporters, indicating a positive outlook for the industry.

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

Original content

According to the Association of Seafood Exporters and Producers (VASEP), in June, the country's seafood export turnover was estimated at 875 million USD, up 14% over the same period last year. This is also the month with the highest export turnover from the beginning of the year until now. Contributing to the growth of the industry, exports of key products all had high growth, of which pangasius increased by 22%, tuna increased by 40%, and crab increased by 59%. VASEP said that currently, demand for pangasius in markets is gradually recovering. A series of markets suddenly increased imports of Vietnamese pangasius. Typically, in May, Vietnam's pangasius exports reached their highest level in the past 2 years and in June continued to maintain an impressive increase. Accordingly, in May, pangasius exports to China and Hong Kong (China) reached more than 29,000 tons, this is the highest level since February last year. The volume of pangasius exports from Vietnam to the ASEAN market ...

Source: Vietstock