From 2020 to now, China has maintained its position as the No. 1 pangasius import market of Vietnam, surpassing the US market. Compared to the Vietnamese pangasius import markets, China has always maintained the highest growth rate, with sales increasing by more than 2 times over the same period last year. It is estimated that in October, pangasius exports to this market reached about 64.2 million USD, an increase of 105% compared to the same period in 2021. In which, the export of frozen pangasius fillets/portion to this market accounted for 75% with over 48 million USD. Whole fresh/frozen pangasius accounted for over 24%, reaching nearly 16 million USD.
By the end of October, the export of frozen pangasius fillets to China reached over USD 489 million, up 115%, the export of fresh/frozen pangasius HS code 0303 reached over USD 163 million. Estimated volume of frozen pangasius fillets exported to China by the end of October was about 215 thousand tons.
The average price of frozen pangasius fillets (HS code 030462) exported to the Chinese market in the first 9 months of 2022 reached US$2.28/kg. In which, the average export price in September reached the highest level since the beginning of the year, with 2.73 USD/kg. Market demand increased in the third quarter and the beginning of the fourth quarter to serve orders and consumption during the Lunar New Year and year-end festivals while the supply of raw materials decreased, causing the export price to increase higher in this period.
China has supassed the US to be the No1 destination for Vietnamese pangasius exports
In the first 9 months of 2022, Vietnam had more than 400 enterprises exporting pangasius to the Chinese market. The leading enterprises in this market include Vinh Hoan Corp, accounting for over 16% of pangasius turnover to China, Bien Dong Seafood accounting for nearly 6%, Van Duc Tien Giang Food, Navico and I.D.I Corp both accounted for 5%. Enterprises that are also in the top 10 pangasius exporters to the Chinese market include DATHACO, GODACO Seafood, TG FISHERY, Cadovimex II and Ntsf Seafoods.
China's zero Covid policies have affected the country's economic industries, including the seafood industry. Fishing and aquaculture volume have been reduced because of the country's Covid control regulations. Therefore, China has to increase imports from other countries to make up for the shortfall in output for domestic consumption and for the export processing sector.
The Covid pandemic and the Russia-Ukraine conflict have caused rising sea freight rates and inflation, creating challenges for Chinese seafood importers and exporters. Therefore, with an advantage in geographical position, Vietnamese seafood will be the preferred choice of these mainland importers, especially pangasius products.
Recently, Chinese President Xi Jinping has announced that he will not immediately ease the zero-COVID policy, so the Chinese international trade will certainly not be able to recover as before the pandemic.
However, the regulation of Covid testing in imported goods has also been relaxed from July 2022, which means that exporters will not be suspended from exporting if there are traces of corona virus on imported products or product packaging. Therefore, Vietnamese seafood exporters still have opportunities to promote exports to the Chinese market. China will continue to be the main and potential market for Vietnamese pangasius products this year and next.
|
Top 10 Vietnamese pangasius exporters to China (Jan-Sep/2022) |
|
|
Company |
Proportion (%) |
|
Vinh Hoan Corporation |
16.2 |
|
BIEN DONG SEAFOOD |
5.8 |
|
VDTG FOOD |
5.0 |
|
NAVICO |
5.0 |
|
I.D.I CORPORATION |
5.0 |
|
DATHACO |
3.4 |
|
GODACO SEAFOODS |
3.1 |
|
TG FISHERY |
3.0 |
|
Cadovimex II |
2.9 |
|
NTSF SEAFOOD |
2.6 |
Compiled by Thuy Linh
(seafood.vasep.com.vn) Vietnamese seafood exports recorded impressive growth, generating nearly 6 billion USD in revenue during the first six months of the year, up 13% compared with the same period last year.
(seafood.vasep.com.vn) Fishermen in Ha Tinh are gradually overcoming difficulties to maintain the efficiency of seafood exploitation. In the first six months of 2026, the entire province achieved a production of more than 23,000 tons of seafood, worth more than 1,200 billion VND.
(seafood.vasep.com.vn) June 2026 brought encouraging signs for Vietnam's tuna exports, with export value rising 20% year-on-year to nearly USD 72 million. However, this increase has yet to offset the prolonged slowdown seen in key markets such as the European Union (EU), where import demand remains weak. The outlook for the second half of the year is expected to become more challenging as freight rates continue to climb.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the Vietnam Association of Seafood Exporters and Producers (VASEP), in collaboration with the Agency for Domestic Market Management and Development under the Ministry of Industry and Trade, will organize the Domestic Seafood Supply–Demand Matching Program on the morning of August 20, 2026, at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City. The program aims to foster direct business connections between Vietnamese seafood producers and processors and domestic distributors, retailers, and foodservice channels.
(seafood.vasep.com.vn) The Cooking Show will be one of the most engaging experiential highlights of Vietfish 2026. Taking place over three days, from August 19–21, 2026, at Hall B1, SECC, Ho Chi Minh City, the event will offer visitors a vibrant culinary space where Vietnamese seafood is showcased through its flavors, stories, and real-life culinary applications.
(seafood.vasep.com.vn) Vietnam's pangasius exports reached USD 205 million in June 2026, up 5% compared with the same month in 2025. Cumulative export value for the first six months of the year totaled USD 1.1 billion, an increase of 12% year-on-year. Growth was primarily driven by strong demand from China and CPTPP markets, while exports to the United States and Brazil continued to decline.
(seafood.vasep.com.vn) In the first six months of 2026, Ha Tinh province continued to implement comprehensive solutions to combat IUU fishing; strictly manage the fishing fleet, control fishing vessels entering and leaving ports, operate vessel tracking devices, trace the origin of seafood, and severely punish violations.
(seafood.vasep.com.vn) Vietnam's tilapia exports reached USD 7 million in June 2026, down 32% compared with the same month in 2025. Nevertheless, thanks to strong growth in the first five months of the year, cumulative tilapia exports in the first half of 2026 totaled USD 69 million, up 67% year on year.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company, a member of the Vietnam Association of Seafood Exporters and Producers (VASEP), has been honored with the "Famous Brand - Competitive Vietnamese Brand 2026" certification at an award ceremony organized by the Vietnam Intellectual Property Association (VIPA).
(seafood.vasep.com.vn) China imported nearly $1.4 billion worth of Vietnamese seafood in the first half of the year, a 40% increase compared to the same period last year, surpassing the US to become the largest export market for the industry.
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