Vietnam's pangasius exports to the US are expected to increase

Published 2024년 9월 10일

Tridge summary

Vietnam's pangasius exports to the US have experienced a significant surge, with the export value reaching 1.3 million US dollars in July 2024, which is 33% of the total value-added pangasius exports and a 14-fold increase compared to the same period last year. Frozen pangasius fillets are the primary product contributing to this growth, with a 61% increase compared to the same period in 2023. Despite instability in the exports of dried pangasius and other frozen products, their exports to the US doubled in July 2024. As of July 2024, Vietnam is the second largest supplier of whitefish to the US, with pangasius making up 21% of the total value of whitefish imports. This growth is due to reduced stocks in the US market and increased consumer demand. However, exporters still face challenges due to the aftermath of the Russia-Ukraine war and conflicts in the Red Sea.

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

Original content

The value-added export volume of pangasius to the US continues to grow. In July 2024, the export value of this product reached 1.3 million US dollars, accounting for 33% of the total value-added pangasius exported by Vietnam to markets in July 2024. In June, the export value was more than 800 thousand US dollars, an increase of 7 times compared with the same period last year. By the end of July 2024, the value-added export of pangasius to the US reached about 3 million dollars, an increase of 14 times compared with the same period last year. This figure accounts for 14% of the total value-added pangasius exported by Vietnam to markets in the first 7 months of 2024. The export of dried pangasius and other frozen products to the US in the first 7 months of this year was unstable, with an increase in value in the previous month, but an immediate decrease in the following month. However, in July 2024, dried pangasius and other frozen products exports to the US doubled to reach ...

Source: Fishretail