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) In the first quarter of this year, Vietnam's shrimp exports reached over 686 million USD, an increase of 14% over the same period in 2023.
Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices.
(seafood.vasep.com.vn) After increasing to the highest level in 2022, Canada's tuna imports in 2023 dropped to the lowest level in the past 10 years, reaching 35 thousand tons, down 24% over the year. Canada is currently one of the 15 largest tuna import markets in the world.
(seafood.vasep.com.vn) Chile, one of the countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has tended to increase tuna imports from Vietnam in the past 3 years. According to statistics from Vietnam Customs, this South American country imported nearly 3 million USD of tuna products from Vietnam in the first 2 months of 2024, an increase of 58% over the same period in 2023.
Economic and social development activities, overexploitation, pollution, diseases, and climate change have adversely affected the ecological environment, leading to a severe decline or the extinction of many precious indigenous aquatic species.
(seafood.vasep.com.vn) The prices of pangasius fingerlings and raw pangasius in ponds fell in March, following steady increases in the first two months of this year.
(seafood.vasep.com.vn) In February 2024, the average export price of Vietnamese pangasius to markets increased by 4%, although the volume decreased by 40% compared to the previous month.
(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.
(vasep.com.vn) In the first two months of 2024, Poland—which ranks as Vietnam's fourth-largest EU supplier of tuna—became a noteworthy market. Vietnam's tuna exports value to Poland increased by 786% in comparison to the same period last year, totaling over $2 million USD and contributing about 2% of the country's overall tuna exports revenue.
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