China was Vietnam's largest export market for pangasius in the first two months of this year

Frozen Whole Catfish

Seafood

Vietnam

Market & Price Trends

Published Mar 23, 2024

Tridge summary

Vietnam's pangasius exports in the first two months of 2021 saw a 6% increase from the previous year, totaling US$255 million, despite a decline in February. This was largely due to increased imports for the Lunar New Year. China and Hong Kong remain the largest markets, despite a 65% decrease in February. The United States saw a decrease of 8% in February, but overall, the total for the first two months was $34 million, a 25% increase from the previous year. Exports to CPTPP countries surpassed the United States, making it the second largest market for Vietnamese pangasius.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Despite double-digit declines in February, Vietnam's pangasius exports to various markets in the first two months of this year totaled US$255 million, a year-on-year increase of 6%. This increase was mainly due to many markets stepping up imports in anticipation of the Lunar New Year holiday. Stocking up has prompted exports to hit a new record in January this year. Regarding the sales market, China and Hong Kong are still the largest export markets for Vietnamese pangasius. In February this year, the export volume to this market reached 23 million US dollars, a year-on-year decrease of 65%; in the first two months of this year, the cumulative amount reached 75 million US dollars, a year-on-year decrease of 65%. down 4%. In February this year, the United States imported $16 million worth of pangasius from Vietnam, a year-on-year decrease of 8%; in the first two months of this year, the total amount reached $34 million, a year-on-year increase of 25%. In the first two months of ...

Source: Foodmate