Vietnam's pangasius exports grow positively in the UAE market

Published 2024년 7월 16일

Tridge summary

The United Arab Emirates (UAE) is a major consumer of Vietnamese pangasius, with Vietnam being the largest supplier, holding 40-50% of the market share. Despite the absence of the CEPA Trade Agreement, pangasius exports to the UAE have grown significantly, with May 2024 export turnover reaching over 2 million USD, a 40% increase from the previous year. Cumulative exports in the first five months totaled over 11 million USD, up 47%. The primary export, frozen pangasius fillets, saw a 22% increase in volume and a 61% increase in value. The UAE's high seafood consumption and competitive economy make it a key trading partner for Vietnam, and the potential signing of the CEPA could further enhance trade relations. VASEP recommends that Vietnamese businesses adopt advanced technologies and efficient management to boost competitiveness.

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

Original content

The United Arab Emirates is one of the customers consuming a lot of Vietnamese pangasius. Vietnam is also the largest source of pangasius in this market, accounting for 40 - 50% of the market share in the UAE. Pangasius exports to this West Asian country continue to receive strong acceptance and growth, even when the CEPA Trade Agreement - the first free trade agreement Vietnam negotiates with a country in the region The Middle East and Africa have not yet been signed. According to data from Vietnam Customs, in May 2024, Vietnam's pangasius export turnover to the UAE reached more than 2 million USD, an increase of 40% compared to May 2024. Cumulative pangasius exports in the first 5 months of this year to this market reached more than 11 million USD, up 47% over the same period last year. The main product of the pangasius industry exported to the UAE is still frozen pangasius fillets with code (HS 03046200). By the end of May 2024, exports of this product to the UAE reached about ...

Source: VNRuralEconomics