In August 2023, pangasius exports to Canada reached nearly 4 million USD, down 4% compared to the same period last year. This is the highest value of pangasius exports achieved to this market since the beginning of the year, an increase of 20% compared to the previous month. The 4% decrease is also the lowest decrease since the beginning of this year for this North American country when in previous months Canada saw double-digit negative growth from 30% - 46%.
Canada continuously ranks No.2 in the CPTPP bloc in importing Vietnamese pangasius, second only to Mexico. Compared to other markets in the same block, Canada imports quite a variety of pangasius products from Vietnam such as: frozen pangasius fillets, frozen pangasius slices/rings/chunks, dried pangasius bladders, and whole pangasius fish, butterfly, pangasius and Thai red curry sauce; pangasius with lemon parsley sauce; pangasius with ginger soy sauce...products with HS code 0304, especially people in this country with the second largest area in the world are very fond of dishes from pangasius fillets and frozen pangasius with HS code 030462. According to the World Trade Center (ITC), in the first 6 months of 2023, Canada imported more than 10 million USD, and nearly 1 million USD for HS 30324 pangasius fillets and fresh/marinated pangasius fillets, respectively. cold HS 030432.
In Canada, Vietnamese pangasius still has to compete with many other white fish products, notably cod, haddock, and tilapia. Also according to ITC, by the end of June 2023, Canada imported 14 million USD of white meat fish from Vietnam while importing 125 million USD of white meat fish products from the world. Vietnam accounts for only 11% of the total white meat fish consumed in this country.
Canada is a seafood market with good prices and stable growth in North America. This CPTPP country also has a close and intimate trade relationship with two markets, the US and China, mainly with products exploited from the sea. The US remains the market with the greatest influence on Canada's seafood trade due to very close trade relations and the longest common border in the world. The event of US President Joe Biden's state visit to Vietnam also upgraded Vietnam - US relations to "Comprehensive strategic partnership" along with the increasingly developing bilateral relationship between Vietnam and Canada. also opens up expectations about the potential for developing the pangasius export industry to this market
(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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