After a strong increase in the first half of the year, from July 2022, Vietnam pangasius exports to some key markets such as the US began to slow down because inventories were increasing, consumption and prices also decreased.
In that context, pangasius exports to Mexico still maintained a high growth rate in July: more than doubled over the same period to over 11 million USD.
In the first 7 months of this year, frozen pangasius fillets exported to Mexico accounted for 94% of the total export value with $69 million, and sliced pangasius accounted for 6%, reaching $4.4 million.
The average price of frozen pangasius fillets exported to the Mexican market in the first half of this year was 2.8 USD/kg, 63.5% higher than the average price of 1.71 USD/kg in the same period in 2021.
The Mexican market is a very promising market for Vietnam pangasius exporters
In 2022, inflation in Mexico has reached a record high of 22 years. Mexican consumers must consider and reduce their spending on high-priced food products. With the advantage of competitive prices, plus preferential tax advantages under the CPTPP, Vietnamese pangasius is still a stable choice of Mexican seafood importers.
In the context of the USD appreciation against many other currencies is a challenge for Vietnam exporters. In some markets where the local currency depreciates, importers suffer losses, so they will carefully consider the import plan. There has been a situation where importers "bargain to lower prices" or ask Vietnamese exporters to delay delivery, causing exporters to shoulder the burden of additional storage costs.
However, according to experts, for the Mexican market, the rising USD is good news because Mexico is one of the few countries that receive a huge amount of remittances from the US. Therefore, food consumption of this market will also be less affected than other markets.
With those advantages, many Vietnam pangasius exporters also shifted from some other markets to Mexico. In the first half of this year, there were 30 Vietnamese seafood enterprises exporting pangasius to Mexico. The 3 enterprises with the largest export value are: I.D.I International Development and Investment Joint Stock Company; Vietnamfish Co,. Ltd and CL-Fish Corp. Many pangasius processors in Dong Thap, An Giang, Ben Tre, Can Tho and Vinh Long are also interested in Mexico and promote pangasius exports to this market.
In 2022, Vietnam's pangasius exports to the Mexican market is expected to bring in about 125 million USD, an increase of 80% compared to 2021.
Compiled by Thuy Linh
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(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
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(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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