Vietnam’s pangasius exports will total approximately US$1.8 billion in 2023

Published Dec 20, 2023

Tridge summary

The Ministry of Agriculture and Rural Development of Vietnam held a meeting on the pangasius industry in 2023 in An Giang Province, where it was reported that the biggest problem facing the industry is a sharp decline in sales of aquatic products in many countries. Vietnam's pangasius exports in 2023 are expected to total around US$1.8 billion, with exports to major markets such as China, the United States, and the European Union falling by 17% to 53%. Despite uninterrupted farming activities, the difficulties in export activities have caused the domestic raw material purchase price to drop, prompting the need for measures to strengthen the production chain, inject more funds, and expand the market to solve the industry's difficulties.

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

Original content

The Ministry of Agriculture and Rural Development of Vietnam recently held the 2023 pangasius industry summary meeting in An Giang Province. The report at the meeting showed that the sharp decline in sales of aquatic products in many countries around the world is the biggest problem currently facing the Vietnamese pangasius industry. According to statistical data, Vietnam's pangasius exports will total approximately US$1.8 billion in 2023, equivalent to 75% of last year. Vietnam's pangasius exports to major markets such as China, the United States, and the European Union fell by 17% to 53%. Vietnam's pangasius farming activities have not been interrupted, and output and quality are still guaranteed. However, the difficulties in export activities have ...

Source: Foodmate