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) As Vietnam’s tilapia industry searches for new growth opportunities, venturing into brackish-water aquaculture could unlock a formidable competitive moat. Bypassing the volume-and-price bloodbath against established global heavyweights, Vietnam could differentiate itself through high-quality tilapia products tailored to specific farming conditions and value-added market segments.
(seafood.vasep.com.vn) 2026 is rapidly shaping up to be a formidable stress test for Vietnamese pangasius exports to the United States. While exports to alternative markets maintain a resilient growth trajectory, the U.S market has declined significantly. In the first eight months of the year, pangasius exports to the U.S fell by nearly 14% year-on-year, with August alone recording a decline of more than 50%. The trend shows that difficulties in the U.S. market are not driven solely by weak consumer demand, but also by multiple layers of trade barriers that are intensifying simultaneously, particularly additional import tariffs, anti-dumping duties and growing protectionism for the domestic catfish industry.
(vasep.com.vn) Vietnam’s pangasius exports to Japan are showing positive signals in 2026, indicating that the market is opening up greater opportunities for pangasius products, particularly processed and value-added products. In the first seven months of 2026, Vietnam’s pangasius exports to Japan reached US$31 million, up 20% year-on-year. In July alone, export value reached approximately US$5 million, up 30%.
On July 22, 2026, the Government issued Decree No. 292/2026/ND-CP detailing certain articles and providing measures for the organization and implementation of the Law on Foreign Trade Management. The Decree takes effect on September 5, 2026, replacing Decree No. 69/2018/ND-CP.
(vasep.com.vn) Vietnamese pangasius producer Vinh Hoan has won the top prize at the 2026 Seafood Excellence Asia Awards for its Cured Panga Croquette, highlighting the growing potential of value-added pangasius products in international markets.
(vasep.com.vn) The Global Shrimp Forum (GSF) 2026 is taking place from September 1–3 in Utrecht, the Netherlands, bringing together around 585 delegates from 40 countries, representing approximately 300 companies and organizations across the shrimp supply chain. Representatives from VASEP are attending the event as part of the Vietnamese delegation, strengthening connections with partners across the global shrimp industry.
(vasep.com.vn) At the international B2B seminar (Hosted Buyer Program) held as part of Vietfish 2026, Mr. Nguyen Hoang Pham, Sales Director of Tai Kim Anh Seafood Processing Joint Stock Company, delivered a presentation entitled “Vietnam’s Shrimp Industry: Changing for Sustainability.” From the perspective of a seafood processor, the presentation highlighted that Vietnam’s shrimp industry continues to play a leading role in seafood exports, but is entering a new phase of competition in which change is no longer an option, but a prerequisite for growth.
(seafood.vasep.com.vn) VIETFISH 2026 may have concluded after three dynamic days in Ho Chi Minh City, but conversations around the exhibition continue to resonate across international trade media, industry organizations, and the social media channels of participating companies.
(seafood.vasep.com.vn) Vietnam’s tilapia industry is maintaining strong growth momentum, with significant room for further expansion in the coming years. In 2025, total tilapia production reached approximately 420,000 tonnes, up 33% from 2024 and 2.2 times higher than in 2015. During 2015–2025, production grew at an average annual rate of around 8.4%. As production and exports continue to expand, food safety control is receiving increasing attention to ensure product quality, meet the increasingly stringent requirements of international markets, and provide a foundation for the sustainable development of Vietnam’s tilapia industry.
(seafood.vasep.com.vn) On the afternoon of August 19, 2026, as part of the Vietnam International Seafood Exhibition – Vietfish 2026, the Hosted Buyer Program continued with the seminar “Vietnam Seafood Outlook 2026–2027: A Strategic Sourcing Destination,” followed by 1-to-1 B2B meetings between international buyers and Vietnamese seafood businesses.
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