Vietnam's pangasius export value to some main markets in June 2023 is gradually narrowing the gap with the value achieved in the same period last year. In June 2023, pangasius export turnover to China & Hong Kong reached 48 million USD, down 15%; exports to the US reached 23 million USD, down 51%, exports to the CPTPP market reached 21 million USD, down 39% over the same period last year.
The decrease in pangasius export turnover to China & Hong Kong gets smaller after months
The decrease in pangasius export turnover to China & Hong Kong gets smaller after months. Vietnam's export turnover to China & Hong Kong in April 2023 decreased by 66%, May 2023 decreased by 30% compared to the same period in 2022, then in June narrowed to only 15%. This “population billionaires” market always ranks in the top 1 of the market that consumes the most Vietnamese pangasius. The decreasing gets smaller from April to June reflects the sign for recovery in the pangasius export industry.
Vietnam’s pangasius exports value to the US in June 2023 reached 23 million USD
Vietnam’s pangasius exports value to the US in June 2023 reached 23 million USD, down 51% over the same period last year. Although it still recorded negative double-digit growth in June 2023, compared to the previous 2 months, the gap has also narrowed. Specifically, in May 2023 pangasius exports to the US decreased in April 2023 decreased by 66% compared to the same period in 2022 while in May the decline was 53%.
In the first 5 months of 2023, the average export price of Vietnamese pangasius to the US market reached 3.3USD/kg, down 30% over the same period in 2022.
The US Department of Commerce said that the Personal Consumption Expenditure (PCE) index in May 2023 increased by 3.8% compared to the same period last year, significantly down from the 4.3% recorded in the previous month.
In addition to the inflation factor, which causes a decrease in consumption demand in the US, the large inventory problem caused Vietnam's seafood exports to this market to sink into negative growth. The low price of products from the sold-out inventory put pressure on the price of new imported goods. In June 2023, Vietnam's pangasius exports to the CPTPP market reached 21 million USD, down 39% over the same period last year. The markets in the bloc also reduced imports of pangasius from 23% to 55%.
Compiled by Thuy Linh
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in the first two months of 2025, Vietnam's shrimp exports recorded positive signs with strong growth in a number of important markets, of which lobster exports to China increased sharply.
In recent years, the agricultural and environmental sectors and localities in the province have created favorable conditions to develop and effectively maintain seafood chains, increasing income for people in rural areas.
(seafood.vasep.com.vn) According to Vietnam Customs, the country’s pangasius exports regained growth momentum in February 2025. Export value reached USD 150 million, marking a 66% increase compared to February 2024. Cumulative pangasius export revenue for the first two months of the year totaled USD 284 million, up 11% year-on-year.
Minh Phu Seafood Corp, one of the leading enterprises in shrimp processing and export, is actively promoting cooperation with shrimp farmers to develop the shrimp industry in Ca Mau.
(seafood.vasep.com.vn) In 2024, Vietnam’s tuna exports to the Middle East continued their impressive growth, rising by 28% compared to 2023. The Middle East is now emerging as one of Vietnam’s top four tuna export markets.
(seafood.vasep.com.vn) Recently, the price of Pangasius in the Mekong Delta has increased significantly, making fishermen very excited. However, looking at the overall picture of this industry, the rise in Pangasius prices is not just an opportunity, but also comes with many challenges.
(seafood.vasep.com.vn) Dishes made from fish, especially pangasius, have become common and are found in nearly all restaurants, hotels, and banquets in Pakistan.
Looking back at the period from 2022 to 2024, crab exports to China have shown significant fluctuations. In 2022, China imported over 62 million USD worth of crabs, averaging 5-9 million USD per month, indicating a stable import demand from China. However, in 2023, exports sharply dropped to 13.3 million USD, averaging only 1-2 million USD per month, due to China's tighter quarantine controls and weakening consumption demand.
In January 2025, Vietnam's shrimp exports to the UK reached over 16 million USD, an 8% increase compared to the same period last year. The UK is the sixth-largest individual market for Vietnam’s shrimp imports, accounting for 5.5% of the total shrimp exports to various markets. Shrimp also holds the largest share (70%) in Vietnam’s total seafood exports to the UK.
Nguyễn Đức Bình, vice director of Quảng Ngãi Province's Department of Agriculture and Rural Development, said that 4,259 out of 5,194 fishing boats (82 per cent) had registered for operations at sea.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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