Vietnam is the second-largest supplier of white fish to the US

Vietnam

United States

Market & Price Trends

Published Feb 4, 2024

Tridge summary

In December 2023, Vietnamese pangasius exports to the US saw a 20% increase, amounting to nearly 20 million USD, following an 11-month decline. Despite this, the export value was still lower than the mid-year months. The US imported over 1.4 billion USD worth of white meat fish globally in the first 10 months of 2023, with Vietnam holding a 19% market share. The value of Vietnamese pangasius exports to the US is showing signs of improvement, reducing the decline gap and experiencing slight growth in the last month of 2023. This comes as the US economy displays positive signs of recovery and growth in early 2024.

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

In December 2023, for the first time, the US recorded positive growth in Vietnamese pangasius imports after 11 months of decline, with export turnover reaching nearly 20 million USD, up 20% over the same period last year. Previously, the value of pangasius exports to this market decreased from 22 - 81% in the first 11 months of 2023. Although pangasius sales to the US in the last month of 2023 increased, the export value was still lower than the mid-year months, only slightly higher than January, February and July 2023. . On the US market side, data from the World Trade Center (ITC) shows that, in the first 10 months of 2023, the US imported more than 1.4 billion USD of white meat fish from the world, mainly frozen fillet products. HS 0304. Vietnam accounts for 19% of the market share of US white meat fish imported from the world, and is also the second source of white meat fish (mainly pangasius) for the US and only behind China (accounting for 45%). . Frozen cod fish fillets (HS ...

Source: Vietstock