In 1997, the country exported only 425 MT of pangasius with a total value of over US$1.65 million. Thus, pangasius exports just accounted for 0.2% of total seafood exports and were equal to 0.6% of total shrimp exports. However, in the first stage, pangasius export price was at the high of US$3.9 – US$4.1/kg. In particular, most exporters focused on the neighboring markets in the region such as China - Hong Kong, Singapore and Taiwan. Nearly 50% of pangasius output was exported to China - Hong Kong.
The next 5 years marked the stepping stone of the pangasius industry. According to a report from some Departments of Agricultural and Rural Development in the Mekong Delta, from 2000 onward, pangaisus farming in the Mekong Delta has started spectacularly with the formation of large concentration farms in An Giang , Dong Thap, Can Tho, Vinh Long ... with a total area of over 5 thousand ha. In 2001, the total output reached over 100 thousand MT; and in 2009 it reached over 1 million MT, earning an export turnover of US$1.4 billion. Thus, from the spontaneous raising of some small farming households and rudimentary production facilities, Vietnamese pangasius began to "grow" into an industrial production.
In 2002, exports marked the "spectacular" development with a sharp rise of 6,580% in the export volume and 5,253% in the export value compared with 1997; the number of markets also increased by three times. In the next four years, from the export volume of thousand MT of pangasius, it had increased to hundreds of thousands of MT of pangasius with the value up to hundreds of millions. However, the average export price of pangasius decreased from US$3.11 - US$3.15 to US$2.5 – US$2.75/kg. During this time, the pangasius export companies focused strongly on the U.S market. In 2001, the production of frozen fish fillets exported to the U.S market increased to nearly 21,000 MT, rising by more than 20 times from the export volume in 1998. The FOB prices ranged from US$1.2 to US$1.5 per pound or VND40,000 to VND50,000 per kilogram.
|
The 10 leading importing markets of Vietnam pangasius in the 10 years (1998-2007) |
||||||||||
|
No. |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
|
1 |
China |
U.S |
U.S |
U.S |
U.S |
U.S |
EU |
EU |
EU |
EU |
|
2 |
U.S |
China |
Japan |
Singapore |
China |
EU |
China |
ASEAN |
Russia |
ASEAN |
|
3 |
Singapore |
Singapore |
Singapore |
Hong Kong |
Singapore |
ASEAN |
U.S |
U.S |
U.S |
U.S |
|
4 |
Switzerland |
Switzerland |
Taiwan |
Germany |
Germany |
Australia |
Hong Kong |
Australia |
Hong Kong |
Mexico |
|
5 |
Belgium |
Germany |
Australia |
Canada |
Australia |
Canada |
ASEAN |
Mexico |
Australia |
Ukraine |
|
6 |
Australia |
Belgium |
Hong Kong |
Japan |
Belgium |
Mexico |
Australia |
Canada |
Mexico |
Australia |
|
7 |
Netherlands |
Japan |
Canada |
Netherlands |
Japan |
Japan |
Mexico |
Russia |
Canada |
China-HK |
|
8 |
Sweden |
Taiwan |
- |
Australia |
Canada |
Taiwan |
Canada |
Lithuania |
Ukraine |
UAE |
|
9 |
Japan |
Malaysia |
- |
Malaysia |
Switzerland |
South Korea |
Japan |
UAE |
UAE |
Canada |
|
10 |
Taiwan |
Netherlands |
- |
China |
Malaysia |
Dominica |
Russia |
Taiwan |
Lithuania |
Egypt |
Despite the technical and commercial barriers from markets, Vietnam’s pangasius exports continue to grow. In 2008, for the first time, the export turnover of Vietnam pangasius reached billions of dollars. In this year, Vietnam exported 640.8 thousand MT, worth by US$1.45 billion with the average export price of US$2.27/kg. During this period, Vietnam pangasius continuously faced the anti-dumping tariffs, catfish inspection program (in the U.S); and the media smear campaign in the EU which greatly affected the exports. The average price of pangasius decreased from US$2.75 to US$2.15 – US$2.25/kg. In the next 3 years, the export value of pangasius reached US$1.8 billion in 2011. This was the record exports of Vietnam pangasius in the past 20 years. From 2012 to now, the average export value of pangasius was lower than the peak in 2011 and reached from US$1.56 to US$1.78 billion. After the 20 years of exports, Vietnam pangasius has been growing steadily and gained international stature.
|
The 10 leading importing markets of Vietnam pangasius in the 10 years (2008-2018) |
|||||||||||
|
No |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
3M/2018 |
|
1 |
EU |
EU |
EU |
EU |
EU |
EU |
EU |
U.S |
U.S |
China |
China |
|
2 |
Russia |
U.S |
U.S |
U.S |
U.S |
U.S |
U.S |
EU |
China |
U.S |
U.S |
|
3 |
Ukraine |
ASEAN |
Mexico |
ASEAN |
ASEAN |
ASEAN |
ASEAN |
China |
EU |
EU |
ASEAN |
|
4 |
U.S |
Russia |
Russia |
Mexico |
Mexico |
Brazil |
Brazil |
ASEAN |
ASEAN |
ASEAN |
EU |
|
5 |
Mexico |
Ukraine |
Egypt |
Brazil |
Brazil |
Mexico |
Mexico |
Mexico |
Mexico |
Brazil |
Mexico |
|
6 |
Egypt |
Egypt |
Australia |
Saudi Arabia |
China |
China |
China |
Brazil |
Brazil |
Mexico |
Brazil |
|
7 |
Australia |
Australia |
Saudi Arabia |
China |
Russia |
Colombia |
Colombia |
Saudi Arabia |
Colombia |
Colombia |
Colombia |
|
8 |
Saudi Arabia |
Saudi Arabia |
Brazil |
Australia |
Saudi Arabia |
Saudi Arabia |
Saudi Arabia |
Colombia |
Saudi Arabia |
Saudi Arabia |
Saudi Arabia |
|
9 |
UAE |
Canada |
Colombia |
Colombia |
Colombia |
Australia |
Egypt |
Canada |
Canada |
Canada |
UK |
|
10 |
Canada |
UAE |
Ukraine |
Russia |
Australia |
Russia |
Australia |
Egypt |
Australia |
Australia |
Australia |
(seafood.vasep.com.vn) After a fairly strong upward trend in 2025, Vietnam’s clam exports entered 2026 with a mixed picture: strong growth at the beginning of the year, followed by a slowdown from March onward. According to Vietnam Customs data, Vietnam’s clam export turnover in the first four months of 2026 reached more than USD 38 million, up 2% compared to the same period in 2025.
(seafood.vasep.com.vn) Vietnam’s pangasius industry is facing new opportunities to expand its development space as many localities and businesses begin promoting marine farming models aimed at diversifying farming areas and adapting to climate change. However, for pangasius to truly “go offshore” and develop into a large-scale industry segment, significant challenges related to technology, broodstock, and markets still need to be addressed.
(seafood.vasep.com.vn) Vietnam’s tilapia exports in April 2026 reached USD 11 million, up 92% compared to the same period in 2025. This strong growth indicates that Vietnamese tilapia products are continuing to penetrate and expand rapidly in international markets. Cumulative export turnover in the first four months of 2026 reached USD 49 million, up 151% year-on-year.
(seafood.vasep.com) At VietShrimp Asia 2026, disease management trends in shrimp farming are shifting strongly from treatment-based approaches toward proactive prevention through environmental and pond ecosystem control.
(vasep.com.vn) After a period of strong growth, with export turnover reaching USD 38 million in Q1/2026 — up 174% year-on-year — the sector’s rapid expansion clearly reflects growing market opportunities.
(vasep.com.vn) In the first quarter of 2026, Vietnam’s pangasius exports to the ASEAN bloc reached USD 44 million, up 7% compared to the same period in 2025. After falling to the lowest level of the quarter at USD 9 million in February — reflecting the seasonal slowdown in orders after the festive period — exports recovered strongly to USD 18 million in March, the highest monthly value of the quarter. This development shows that import demand for pangasius in ASEAN remains relatively stable despite short-term fluctuations.
(seafood.vasep.com.vn) On May 11, 2026, the US National Oceanic and Atmospheric Administration (NOAA) announced a positive comparability finding for Vietnam’s swimming crab fisheries, along with those of Indonesia and Sri Lanka, under the Marine Mammal Protection Act (MMPA). With this decision, seafood and seafood products harvested from Vietnam’s swimming crab fisheries will continue to be eligible for import into the US market.
(seafood.vasep.com.vn) After a slowdown in 2025, Vietnam’s tuna exports to Germany showed more positive signs in the first quarter of 2026. However, the recovery remains uncertain as consumer demand in Germany is still cautious, while market competition is increasingly driven by pricing and supply stability.
(seafood.vasep.com.vn) After a sharp decline in 2025, Vietnam’s tuna exports to Israel are showing positive signs of recovery in the early months of 2026. According to Vietnam Customs data, export turnover to this market grew steadily month by month in Q1/2026, reaching nearly USD 10 million, up 33% compared to the same period in 2025. However, compared to Q1/2024, this level remains significantly lower, indicating that the recovery is still in its early stage following last year’s strong adjustment.
(seafood.vasep.com.vn) Entering 2026, the U.S. whitefish market has shown complex developments as global cod supply continues to tighten, while the U.S. trade environment becomes less stable. In this context, the U.S. market has had to become more flexible in sourcing alternative whitefish. However, relying heavily on Alaska pollock is not a long-term solution, as it is a strictly managed fishery with quotas and sustainability regulations, limiting any rapid increase in output to offset cod shortages.
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