China and Hong Kong imported 75 million USD of Vietnamese pangasius in the first two months of the year

Published 2024년 4월 5일

Tridge summary

In the first two months of the year, Vietnam's cumulative pangasius exports to China and Hong Kong saw a slight decrease of 4%, amounting to 75 million USD, compared to the same period in 2023. Despite a promising start with increased imports by China and Hong Kong in the initial month, the pace of exports experienced a slowdown. TG FISHERY HOLDINGS CORPORATION stood out as the leading exporter among the top five pangasius exporters to China in February 2024. This fluctuation in export volumes is attributed to the economic conditions in China, which have shown signs of recovery post-Lunar New Year, marked by a higher employment rate and increased raw pangasius prices. Given the positive economic outlook in China and the strategic significance of pangasius in Vietnam's export mix, there is an anticipated potential for growth in exports to this market.

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

Original content

Cumulative pangasius exports to China and Hong Kong in the first 2 months of this year reached 75 million USD, down 4% compared to the same period in 2023. Previously, in the first month of this year, China and Hong Kong increased four times pangasius imports from Vietnam. The market accounted for 29% of the total pangasius exports to markets. In February 2024, the top 5 pangasius exporters to China include TG FISHERY HOLDINGS CORPORATION, NAVICO, DAI THANH COMPANY LTD, VINH HOAN CORP, and IDI CORP. Among them, TG FISHERY HOLDINGS CORPORATION was the largest pangasius exporter to this market. China increased pangasius imports since the end of 2023 after continuously decreasing since the beginning of the year. Pangasius imports into the Chinese market depend heavily on the country's economic situation. When the economic situation stabilizes and improves, Chinese importers will increase imports, and one of the priority choices in the Vietnamese market is pangasius. According to ...

Source: Vasep