In September 2024, the export turnover for pangasius to Iraq reached nearly $1.8 million, reflecting a remarkable 155% increase compared to the same month in 2023. The cumulative value of pangasius exports to Iraq during the third quarter of 2024 alone totaled nearly $5 million, a staggering 111% rise from Q3 2023. Notably, the total pangasius export value for the first nine months of 2024 reached $11 million, an impressive 127% increase over the same period last year, and nearly 1.5 times the total export value for all of 2023.
Product Preferences and Market Dynamics
Unlike many of Vietnam’s other pangasius import markets, Iraq has shown a strong preference for dried fish products and other frozen options, such as whole fish and cut portions. In the first three quarters of 2024, exports of these products to Iraq amounted to $8 million, representing a 245% increase from the previous year and accounting for 73% of total exports. Meanwhile, frozen pangasius fillets contributed nearly $3 million in export value, reflecting a more modest growth of 19% year-over-year, and making up 27% of total pangasius exports to the country.
Iraq serves as a significant market and a longstanding trading partner for Vietnam. Despite being one of the world's largest oil exporters, Iraq's aquaculture industry is relatively underdeveloped. The primary freshwater fish species include various Barbus species and carp, primarily sourced from domestic waters and the Persian Gulf. The lack of an industrial fish processing sector means that most fish consumed in Iraq are fresh, with fishing contributing only a small fraction to the country's GDP.
Remarkably, despite geographical challenges and ongoing regional conflicts, Iraq's demand for Vietnamese pangasius products continues to grow. This resilience suggests a robust opportunity for further expansion in this market.
Leading Exporters
Among the exporters, Cuu Long An Giang Seafood Import-Export Joint Stock Company stands out as the leading supplier of pangasius to Iraq, capturing an impressive 60% share of the
The substantial increase in pangasius exports to Iraq underscores the potential for growth in this market, driven by specific consumer preferences for dried and frozen fish products. As Vietnam continues to strengthen its presence in the Middle Eastern seafood market, companies will need to adapt to local demands and navigate the complexities of the regional trade environment to maximize their opportunities.
(seafood.vasep.com.vn) In February 2026, Vietnam’s pangasius exports reached USD 119 million, down slightly 5% year-on-year. However, thanks to strong performance in January, cumulative exports in the first two months of the year still reached USD 331 million, up 28% compared to the same period in 2025. Export activity slowed somewhat in February due to seasonal factors, particularly the Lunar New Year holiday, which disrupted production and shipments at many seafood processing enterprises.
(seafood.vasep.com.vn) Da Nang is accelerating the development of high-tech shrimp farming toward intensive production, disease control, and improved efficiency. Many shrimp farms have invested in automated environmental monitoring systems, continuously tracking indicators such as pH, dissolved oxygen, temperature, and salinity, enabling farmers to promptly adjust pond conditions and reduce disease risks.
(seafood.vasep.com.vn) The year 2025 is considered a turning point for Vietnam’s shrimp seed industry as the sector faces the need for strong transformation in technology, production management, and gradual self-sufficiency in broodstock supply. These factors are seen as key to improving seed quality and strengthening the competitiveness of the shrimp industry amid increasingly demanding market requirements.
(seafood.vasep.com.vn) In February 2026, Vietnam’s shrimp exports reached nearly USD 310 million, up 17% year-on-year. Cumulatively for the first two months of the year, shrimp export value totaled USD 690 million, an increase of 20% compared with the same period last year. Compared with the 22% growth recorded in January, the pace of increase in February slowed somewhat, reflecting seasonal factors as the Lunar New Year holiday partially disrupted processing and shipment activities. Nevertheless, the nearly 20% growth in the first two months indicates that shrimp orders from Vietnam are maintaining a more positive trend than in the same period last year.
(seafood.vasep.com.vn) According to the latest statistics for January 2026, Vietnam’s pangasius export value to major market blocs recorded encouraging growth compared with the same period last year, indicating that consumption demand is gradually recovering.
(seafood.vasep.com.vn) Vietnam’s seafood exports in February 2026 reached approximately USD 707 million, up 8% compared to the same period last year. Cumulatively, exports in the first two months of 2026 totaled USD 1.7 billion, an increase of 20.2% year-on-year. The results show that the sector’s recovery momentum has remained relatively solid following strong growth in January, although the pace slowed noticeably in February for several key products and major markets. Within the overall picture, shrimp continues to be the largest pillar, pangasius rebounds strongly, while tuna exports and the U.S. and Korean markets are sending signals that warrant closer monitoring. In March, seafood exports are expected to gain additional momentum from markets other than the U.S., potentially supporting stronger growth.
(seafood.vasep.com.vn) In the first months of 2026, fishing activities in Quang Tri province recorded many positive signals, with output reaching over 15,941 tons. This result not only demonstrates fishermen’s efforts to stay offshore but also reflects the effectiveness of management and support measures implemented by local authorities.
(seafood.vasep.com.vn) In the first months of 2026, IUU prevention models focused on communication and mobilizing fishermen to comply with fisheries laws and avoid encroaching on foreign waters—related to combating illegal, unreported, and unregulated (IUU) fishing—have been implemented in coastal localities of Lam Dong province and have delivered initial positive results.
(seafood.vasep.com.vn) The sharp rise in raw pangasius prices to record levels is sending positive signals for the industry, but experts warn of potential supply–demand imbalances if production is not tightly controlled.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, the country’s total canned tuna export value in 2025 reached over USD 275 million, down 8% compared to 2024. Vietnamese canned tuna products were present in approximately 80 markets worldwide. However, the 2025 picture shows clear divergence: the U.S. maintained stability, the EU declined sharply, while several Middle East–North Africa (MENA) markets accelerated.
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