News

Vietnam: Pangasius exports grow again in September 2023

Seafood
Frozen Whole Catfish
Vietnam
Market & Price Trends
Published Oct 17, 2023

Tridge summary

Vietnamese pangasius exports in the first 9 months of 2023 reached nearly $1.4 billion, a 31% decrease compared to the same period last year. The main export product is pangasius under code 0304, accounting for 82% of the total exports. Some key markets such as China & Hong Kong, the EU, and the CPTPP bloc showed signs of recovery in September 2023, which is expected to boost Vietnam's pangasius exports in the last quarter of the year.
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

Regarding consumption markets, in September 2023, Vietnamese pangasius exports to a number of main markets recorded positive double-digit growth such as China & Hong Kong, EU, Brazil, Mexico,... In addition, The US, CPTPP, Korea, Singapore,... markets still recorded a decline of 3% - 54% compared to the same period last year. China & Hong Kong in September 2023 imported 56 million USD of Vietnamese pangasius, up 15% over the same period last year. By the end of September 2023, export turnover to China & Hong Kong reached 434 million USD, down 26% compared to the same period in 2022. China & Hong Kong continuously lead the top import markets. Vietnamese pangasius from 2019 up to now and is the market consuming the most Vietnamese pangasius. The second largest importer of Vietnamese pangasius is the US. In September 2023 alone, this country bought nearly 23 million USD of Vietnamese pangasius, down 29% over the same period last year. High inventory in the US is the biggest ...
Source: Vietstock
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