Vietnam's pangasius exports to Brazil surged to US$14 million in January 2024, marking an impressive 83% increase compared to January 2023. However, in February 2024, Brazil's pangasius consumption dipped slightly to nearly US$6 million, representing a 6% decline from the previous month. Nevertheless, March 2024 witnessed a strong rebound, with pangasius exports to Brazil reaching over US$8 million, indicating a 48% growth compared to the same period in 2023.
The majority of the frozen fillets and segments imported by Brazil under the HS code 0304 are Vietnamese pangasius. During the first quarter of 2024, the amount of this item sent to Brazil was close to USD 28 million, which represented 99.6% of the entire import value and a 44% rise over the same period in 2023. Remarkably, Brazil bought more than USD 110,000 worth of frozen pangasius products from Vietnam in the first three months of this year compared to very little imports of the same product during the same period last year.
In February 2024, the average export price of Vietnamese pangasius to Brazil reached USD 2.67 per kg, the lowest level in three years. Compared to the same period last year, the average export price of pangasius has decreased by 12%–14% in the first three months of this year.
The export volume of pangasius to this market has showed an opposite trend, despite the ongoing reduction in prices. Almost 7,000 tons of pangasius were sent to Brazil in the first quarter of 2024, a stunning 79% increase over the same period in 2023. With nearly 3,000 tons, January 2024 had the biggest growth rate in the first quarter—a 183% increase over the same period previous year. Pangasius export quantities to Brazil reached above 1,800 tons in February and 1,700 tons in March 2024, respectively. These figures represent increases of 23% and 46% over the corresponding month in 2023.
According to the latest data from ITC, in 2023, Brazil imported nearly USD 98 million worth of pangasius from Vietnam, primarily frozen fillets. Vietnam remains the largest supplier of white meat fish, mainly pangasius, to Brazil. Meanwhile, Norway stands at 4th place with USD 43 million; China ranks 5th with USD 15 million, the US with over USD 1 million, and is the 6th largest supplier of white meat fish to Brazil.
The top 5 Vietnamese pangasius exporters to Brazil in the first quarter of this year include: Hung Ca 2 Corporation with a 26%, South Vina CO.,LTD with 16%, Hoang Long with 11%, Cafish with 10%, and Frozen Food Vietnam with a 9% of total export value to the market.
(seafood.vasep.com.vn) In March 2026, Vietnam’s tilapia exports recorded strong growth, reaching USD 15 million, up 109% compared to the same period in 2025. Cumulatively, in the first three months of 2026, export value reached USD 38 million, an increase of 174% year-on-year. This result highlights the sector’s robust expansion and reflects rapid growth across multiple markets.
(seafood.vasep.com.vn) In March 2026, Vietnam’s pangasius export value reached USD 182 million, up 1% compared to the same period in 2025. Cumulatively, exports in the first three months of 2026 totaled USD 514 million, an increase of 17% year-on-year, indicating that the growth momentum is being maintained despite signs of slowdown in some markets during March.
(seafood.vasep.com.vn) During peak heat periods, farmers raising pangasius, tilapia, and other freshwater fish in Dong Thap are implementing various technical measures to reduce risks and maintain stable production.
(seafood.vasep.com.vn) Japan continues to be one of Vietnam’s most important and stable shrimp markets. In recent years, shrimp exports to this market have fluctuated in line with Japan’s broader economic and consumption cycles, yet Japan remains a major, high-value destination with stringent standards.
(seafood.vasep.com.vn) In 2025, Vietnam’s tuna exports to Spain increased by 13% compared to 2024. This growth trend has continued into the first two months of 2026. According to Vietnam Customs statistics, export turnover to this market reached nearly USD 3 million in January–February 2026, up 101% year-on-year and significantly higher than the same period in 2024. This development indicates that Spain is once again becoming a notable destination for Vietnamese tuna amid strong demand for tuna raw materials and products in Europe.
(seafood.vasep.com.vn) The 2026 brackish water shrimp farming season in the Mekong Delta has started earlier than usual, mainly driven by positive market signals, as shrimp prices in 2025 remained high and supply was limited. Many enterprises and farms in Cần Thơ, Cà Mau, and Vĩnh Long have proactively stocked early to seize opportunities. By early 2026, stocking areas in many localities had reached a high proportion of planned targets, with intensive and high-tech farming models expanding rapidly.
(vasep.com.vn) Vietnam’s tilapia exports to the United States recorded remarkable growth in 2025, opening up major opportunities while also presenting considerable challenges. The U.S. remains the largest importer of Vietnamese tilapia fillets, with export turnover reaching USD 40 million—an increase of up to 499% compared to 2024. This impressive growth reflects strong demand in the U.S. market, as supply from competing countries such as China has been constrained by tariffs and rising production costs.
(seafood.vasep.com.vn) Pangasius remains a strategic export commodity in Vietnam’s seafood sector. Entering 2026, the industry faces a strong need to transition from volume-based growth to a value-driven development model, with a focus on quality, food safety, and sustainability.
(seafood.vasep.com.vn) Following damage caused by Storm No. 13 in late 2025, brackish water shrimp farming in Gia Lai is being rapidly restored. In key farming areas such as Tuy Phước and Tuy Phước Đông, farmers are focusing on rehabilitating ponds, repairing infrastructure, and treating the environment in preparation for the 2026 crop.
(seafood.vasep.com) Facing the decline in fishery resources, Vietnam is accelerating livelihood transitions for fishermen to reduce fishing pressure and move toward sustainable development. Marine fish stocks have dropped significantly from 4.82 million tons in 2000–2005 to 3.95 million tons in 2016–2020.
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