Pangasius exports to Singapore are positive

Published Aug 20, 2020

Tridge summary

The article highlights a significant decrease in the export value of pangasius to the ASEAN market, with a 32.4% drop as of mid-July compared to the previous year. This decline is largely attributed to a decrease in exports to Thailand and Malaysia, which were the largest markets, by 33.2% and 31.3% respectively. However, Singapore stood out as the only market that showed an increase, with a 3.3% rise. In the second quarter, Singapore became the largest pangasius import market in the region, accounting for 44.8% of the total export value to ASEAN. Despite a decrease in exports to many other markets, the export value to Singapore increased by 38.5% to nearly 13 million USD. Vietnam exported various pangasius products to Singapore, including frozen tra fish fillets and dried pangasius bubbles.

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

Original content

As of mid-July, the total export value of pangasius to ASEAN market reached 73.1 million USD, down 32.4% over the same period last year. While the export value of pangasius to the two largest single markets in ASEAN is: Thailand down 33.2%; Malaysia decreased 31.3% over the previous year, Singapore stood out on the picture of pangasius exports to this region when it increased by 3.3% If in the first quarter, Vietnam's pangasius exports to ASEAN still decreased slightly then from Entering the second quarter, the export value decreased even more sharply because the COVID-19 epidemic did not stop at only a few countries Malaysia, Indonesia or the Philippines. Singapore is also heavily affected by the increase in the number of cases. If at the beginning of this year, Thailand was the largest pangasius export market in the bloc, accounting for 41% of the total export value to the whole block, then in the second quarter, Export value to Thailand decreased sharply, this country only ...

Source: Vietnambiz