Vietnam: Pangasius is the top choice for Brazilian seafood importers

Published Apr 15, 2024

Tridge summary

In February 2024, Vietnam's pangasius exports to Brazil saw a 6% decrease compared to the same month in 2023, totaling 6 million USD. However, the first two months of 2024 witnessed a 42% surge in exports to Brazil, amounting to 20 million USD, primarily due to a significant increase in January. Brazil, being the fifth largest market for Vietnam's pangasius exports, mainly imports frozen pangasius fillets. The upcoming 30th anniversary of diplomatic relations between Vietnam and Brazil is anticipated to boost agricultural trade cooperation further. Despite a drop in the price of Vietnamese white meat fish exports to Brazil, the demand continues to be strong, with Vietnam serving as the main supplier. Challenges persist due to Brazil's stringent regulations on contaminants and additives, which are not in line with international standards. Recent discussions between officials aim at reviewing these regulations and simplifying administrative procedures for agricultural exports.

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

Original content

There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD. Vietnam's pangasius exports to Brazil saw a significant increase of 42% in the first two months of 2024 compared to the same period in 2023, reaching a total value of 20 million USD. The strong growth in January 2024 was the main driver behind this positive performance. However, there was a slight decrease in pangasius exports to Brazil in February 2024 due to the Lunar New Year holidays in both countries. In February 2024, Brazil ranked fifth in the list of Vietnam's largest pangasius export markets, behind China & Hong Kong, the US, CPTPP, and the EU. Brazil is a major importer of frozen pangasius fillets from Vietnam. The growing middle class in Brazil presents a significant opportunity for Vietnamese businesses to export value-added pangasius products. The upcoming 30th anniversary of diplomatic relations between ...

Source: Vasep