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Pangasius exports to the US achieved positive growth

01/11/2021

Among the four largest export markets of Vietnamese pangasius in the first nine months of this year, pangasius exports to China, CPTPP and EU markets all decreased compared to the same period last year, while exports to the US market grew impressively with an increase of 42.8%.

According to the Vietnam Association of Seafood Exporters and Producers, after increasing from March to July this year, Vietnam's pangasius exports in August 2021 decreased by 28.5% and in September decreased by 36.5% over the same period last year.

The situation of COVID-19 pandemic in the Mekong Delta in recent months has been very complicated, seriously affecting the farming, production and export activities of pangasius processing enterprises in this area. Therefore, in September 2021, the export value of pangasius to most major markets decreased simultaneously compared to the same period last year.

Accumulative over the first nine months of 2021, Vietnam's pangasius export turnover reached USD 1.07 billion, increased by 3.2% over the same period last year. In which, exports to the No. 1 market, China, reached USD 279 million, decreased by 19.9%.

Meanwhile, pangasius exports to the US market (ranked No. 2) reached USD 248 million, an increase of 42.8% over the same period in 2020.

Among the top five export markets of Vietnamese pangasius in the first nine months of this year, the CPTPP market ranked third when reaching USD 144 million, decreased by 2.6%. EU market reached USD 78 million, a decrease of 20.4%. Meanwhile, the fifth market is Brazil with USD 45 million, an increase of 37.7% over the same period last year.

According to Minister of Agriculture and Rural Development Le Minh Hoan, pangasius is a key commodity, a specialty product of the Mekong Delta region, and plays an important role in the socio-economic development of the whole region. Due to the prolonged social distancing period, production and transportation of seed, feed and raw fish were interrupted; many farming establishments lack harvesters; a number of pangasius feed and processing factories had to temporarily suspend operations or reduce their capacity; high production costs, potential risk of shortage of raw materials for export processing while the demand from the world market is increasing.

 

Kylie Nguyen

© 2019 Vietnam Bank for Agriculture and Rural Development No. 2 Lang Ha street, Ba Dinh district, Hanoi, Vietnam
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