Vietnam: Pangasius exports in between the two largest markets

Published 2021년 11월 24일

Tridge summary

Vietnamese pangasius exports in October 2021 saw a decrease of 19.7% compared to the same period in 2020, totaling 136.7 million USD. The first 10 months of 2021 saw exports reaching 1.21 billion USD, which is equivalent to the previous year. Exports to the primary market, China, experienced a significant drop of 61%, totaling 31.35 million USD in October 2021. However, the US market has emerged as a bright spot, with pangasius exports to the US nearly doubling in October 2021, reaching 42 million USD. This marks a 47.2% increase over the same period last year. The industry faces challenges such as trade barriers, COVID-19 impacts, and raw material price increases.

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, in October 2021, the export value of pangasius reached 136.7 million USD, down 19.7% compared to the same period in 2020. In the first 10 months of this year, exports total Vietnamese pangasius reached 1.21 billion USD, equivalent to the same period last year. Particularly in October 2021, pangasius exports to the No. 1 market, China, reached 31.35 million USD, down nearly 61% over the same period. In the first 10 months of this year, pangasius exports to China reached US$310.2 million, down 27.6% over the same period last year. In 2021, China raised trade barriers for imported seafood products, causing many customers to suffer damage due to congestion, including Russian pollock, Norwegian salmon and fish products. check Vietnam. Having been affected by the epidemic, causing pangasius processing factories to reduce their capacity, and facing difficulties because of the import market, the value of Vietnamese ...

Source: Vietstock