Vietnam

Vietnam's pangasius exports increased to main markets

Fish & Seafood

Pangasius exports to major markets witnessed positive changes especially for the third quarter of 2018, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Posted on Dec 14 ,05:53

Vietnam's pangasius exports increased to main markets

Vietnam exported pangasius worth $1.59 billion in September 2018, with a rise of 22.6% compared to the same period last year.

This year, pangasius exports to the US is more optimistic than last year, as since the beginning of quarter III/2018, exports of pangasius to this market increased sharply. In September, the pangasius exports to the US reached nearly US$48 million, indicating an upward percentage of 152.5% over the same period of 2017.

In the first quarter of this year, pangasius exports to China - Hong Kong remained positive although the pace was slower than last year. Export value reached US$376.8 million, up 30.8% over the same period in 2017. This is still the largest export market of Vietnamese pangasius exporters, accounting for 23.6% of total export value of pangasius.

Despite not being extremely stable and having yet reached the pace of previous years, in 2018, pangasius exports to the EU had positive signs after years of continuously experiencing below negative growth. Compared with the previous year - 2017, pangasius exports to the EU is considered to have various unexpected changes. By the end of September, the value of pangasius exports to the market reached 176.4 million USD, increasing by 14.6% over the same period last year.

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