In Q1/2025, frozen pangasius fillets under HS code 0304 remained Vietnam’s primary export product to the U.S. This segment generated USD 63 million in revenue, a slight decline of 1% from the same period in 2024, and accounted for 91% of the total pangasius export value to the U.S. Other Vietnamese pangasius products favored by American consumers include frozen fillets, frozen steak or chunk cuts, breaded frozen pangasius, puffed dried pangasius, and fried pangasius skin.
In the first three months of 2025, exports of dried pangasius and other frozen pangasius products (whole fish, chunk cuts, swim bladders, etc.) to the U.S. saw impressive growth of 75%, reaching over USD 1.4 million and accounting for 2% of the total export value.
Most notably, value-added (VA) pangasius exports from Vietnam to the U.S. recorded a dramatic surge in Q1/2025 — an eightfold increase (up 725%) over Q1/2024, reaching USD 5 million and making up 7% of total pangasius exports. American consumers are showing growing interest in value-added pangasius products from Vietnam, beyond the traditional frozen fillets. These compelling figures are providing strong momentum for Vietnamese exporters.
Vietnam’s value-added pangasius continues to gain ground in the U.S.
The average export price of pangasius to the U.S. in the first three months of 2025 consistently rose compared to the same period last year. January recorded the highest price, at USD 3.87/kg — up 47% from January 2024 — and also the highest price to the U.S. since early 2023.
According to the latest data from the International Trade Centre (ITC), in the first two months of 2025, the U.S. imported over USD 386 million worth of whitefish from global markets, up 18% year-on-year. Most of these imports were frozen fillet products under HS code 0304. The top item was frozen tilapia fillets (HS 030461), with import value reaching USD 103 million, up 49% and accounting for 27% of total whitefish imports. This was followed by frozen cod fillets (HS 030471) at USD 96 million (down 5%), representing 25%, and frozen catfish fillets (HS 030462) at USD 56 million, up 16% and accounting for 14%.
Vietnamese pangasius is also facing increasing pressure from new tariff policies imposed by President Trump. For Vietnam — a highly open economy that remains heavily dependent on international trade — any U.S. tariff shifts may trigger a domino effect, negatively impacting exports, including those of seafood and pangasius. It is hoped that pangasius export results in April 2025 will remain stable amid ongoing global economic volatility.
(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.
(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”
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