Vietnam?s pangasius exports to China continued to record year-on-year strong growth of 43% to $145 million between January and April 2018, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
China has surpassed the US becoming thus Vietnam’s biggest importer of pangasius. Meanwhile, Vietnam is currently the third largest provider of white fish for China, after Russia and Norway.
VASEP says that China is a good alternative market for Vietnamese pangasius exports as in traditional markets Vietnam is facing difficulties due to high anti-dumping tariffs and technical barriers.
According to a report of the Directorate of Fisheries, the pangasius output hit 1.2 million tonnes in 2017, a year-on-year rise of 5.1 percent. In the year, export turnover of this fish reached 1.78 billion USD, up 4.3 percent against the previous year, accounting for 21 percent of the fishery industry’s total export value.
VASEP is forecasting a 31.5% increase in Vietnam’s fishery industry’s total export value in 2018, expeceting it to reach 2 – 2.2 billion USD in 2018.
