In April 2024, the US sharply increased imports of Vietnam value-added pangasius

Published 2024년 5월 31일

Tridge summary

The US has seen a significant increase in imports of Vietnamese value-added and frozen pangasius products since the start of the year, with a 9.5 fold increase in April 2024 compared to the same period in 2023. Pangasius fillets are the primary product imported, making up 98% of the total value of pangasius exports to the US. This surge is attributed to growing demand for white fish products in the US. Additionally, the potential recognition of Vietnam as a market economy by the US could further reduce anti-dumping duties on shrimp and pangasius, benefiting Vietnamese businesses.

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

Original content

Since the beginning of this year, the US has continuously increased imports of VAT pangasius products from Vietnam. In the first month of this year, Vietnam exported nearly 295 thousand USD of value-added pangasius to the US, an increase of 18 times over the same period; in February 2024, this value reached more than 114 thousand USD, an increase of 2,200 times. In March 2024, it increased by 76% to 150 thousand USD. Notably, in April 2024, exports of value-added pangasius products to the US reached more than 300 thousand USD, an increase of 67 thousand times. By the end of April 2024, the US increased imports of value-added products from Vietnam by 8.5 times with 860 thousand USD. Frozen pangasius fillets are still the main product of pangasius exports to the US. In April 2024, export turnover of frozen fillet products to the US reached more than 37 million USD, an increase of 35% compared to April 2023. This is the highest value the US has imported since the beginning of this ...

Source: Vasep