The main export products to the Mexican market are now pangasius and tuna. In August, seafood exports to Mexico reached USD 5.7 million, of which pangasius accounted for 67% with USD 3.84 million, up nearly 49% over the same period last year, tuna accounted for 29% with 1.65 million USD, a sharp increase of 263%.
Accumulated in the first 8 months of 2021, seafood exports to Mexico reached over $59 million, up 77% over the same period last year. Although accounting for just over 1% of seafood export turnover, with the current growth of pangasius and tuna exports, the Mexican market will be the choice of many businesses in the near future with the advantage of import tax under CPTPP free trade agreement.
By the end of August 2021, pangasius exports to Mexico increased by 72%, reaching over 46% and accounting for 4.7% of Vietnam's pangasius exports. Mexico became the third largest single market in terms of import value of Vietnamese pangasius, after China and the US. Currently, there are 20 companies involved in exporting pangasius to the Mexican market with the main products being frozen pangasius fillets (HS code 030462) and a very small amount of frozen pangasius (HS code 03032400). The average export price of pangasius to the Mexican market in August 2021 reached about 1.95 USD/kg.
Meanwhile, tuna exports to Mexico in the first eight months of the year increased by 97% to $9.3 million, accounting for 2% of total tuna exports. Currently, there are only 3 companies participating in exporting tuna to the Mexican market with the main product being yellowfin tuna loin or steak with an average export price of about 7.3 USD/kg in August 2021.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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