Vietnam: In the first 3 months of 2024, pangasius exports to the UAE market increased by 67% over the same period

Frozen Whole Catfish
Published Apr 24, 2024

Tridge summary

The UAE has seen a significant increase in imports of Vietnamese pangasius products, with frozen fillets accounting for 93% of Vietnam's pangasius exports to the UAE, valued at over $2 million in March, a 51% increase from the same period in 2023. The first quarter saw imports of nearly $7 million worth of frozen pangasius fillets, an increase of 56% year-on-year. The UAE, which is a net importer of seafood, has a high per capita seafood consumption and is experiencing economic growth, offering potential for further growth in pangasius exports to the country. Despite geopolitical tensions, the travel and tourism industry is expected to create more jobs, further boosting the demand for seafood.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the UAE mainly imported frozen fillet products with HS code 0304 from Vietnam with more than 2 million USD in March, an increase of 51% over the same period in 2023 and an increase of 81% compared to February. This product accounts for 93% of Vietnam's total pangasius exports to the UAE. In the first quarter, this market imported nearly 7 million USD of frozen Vietnamese pangasius fillets, an increase of 56% over the same period last year. In addition, in the first 3 months of the year, the UAE also imported fresh/frozen/dried pangasius (under code 03) and VAT pangasius with values ​​of 517,000 USD, respectively, an increase of 15 times and 152,000 USD, an increase of 62% compared to with the same period in 2023. Notably, in March every year for the past 2 years from 2022, this market has hardly consumed frozen pangasius and VAT pangasius products from Vietnam. However, in March, the UAE imported ...
Source: Vietstock
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