By the end of March 2020, the export value to China - Hong Kong reached US$ 63.2 million, accounting for 18.9% of the total pangasius export value, down 36.4% over the same period in 2019. However, this is an optimistic export compared to the first days of the year - the time when the outbreak of Covid-19 broke out strongly. Particularly in March 2020, the export value of pangasius to this market reached US$ 34.7 million, up more than 109% compared to January 2020. China - Hong Kong returned to be the largest pangasius importer of Vietnamese enterprises in the first quarter of 2020. It is forecasted that in the second quarter of 2020, pangasius export to this market will recover strongly and increase from 30-40% compared to the same period in 2019.
If exports had not been affected by the disruption in trade transactions, pangasius export value to the US would have been much better than the continuous decrease in 2019. In March 2020 alone, the export value of pangasius to the US reached US$ 23 million, up 26.4% over the same period in 2019. By the end of March 2020, the total export value to this market reached US$61.7 million, accounting for 18.5%, down 13.2% compared to the same period in 2019. Although pangasius export value in the first 3 months of 2020 still fell compared to the same period in 2019, exports in the first months of the year showed a positive reaction from this market. Hopefully in the second quarter, Vietnam's pangasius export value to the US market will surpass a positive growth over the same period in 2019.
As forecasted, from February to March 2020, when Covid-19 disturb the transport, distribution, as well as business activities of EU countries, pangasius export to this market is increasingly affected. clear. By the end of March 2020, pangasius export to the EU reached nearly 36.5 million USD, down 36.5% compared to the same period in 2019. In particular, the export value to the 4 largest single markets in the block (the Netherlands, Germany, Belgium and Spain) all dropped. The reduction was respectively 31.4%; 30%; 45.3% and 31.4% compared to the same period in 2019. At least until the epidemic situation will be controlled and the export and import activities returned to normal, pangasius exports to this market can stabilize.
Pangasius exports to other major importers in the first 3 months of 2020 such as ASEAN, Brazil, Mexico, Colombia and Australia still dropped sharply. In particular, pangasius export value to ASEAN declined by 29%; exports to Brazil fell by19%, Mexico slumped by 57.8%, Colombia slashed 12% compared to the same period in 2019.
The UK joining CPTPP not only does not create barriers but also brings many advantages and great opportunities for domestic footwear and seafood businesses.
Deputy Minister of Agriculture and Environment Phùng Đức Tiến talked to Việt Nam News reporter Tố Như about the future development orientation after the ministry officially began operations.
(vasep.com.vn) Vietnam is signatory to three new-generation Free Trade Agreements (FTAs), and specifically with the United Kingdom (UK), maintains two FTAs: the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the UK-Vietnam Free Trade Agreement (UKVFTA). The confluence of content and approaches within these two Agreements fosters a conducive environment for enterprises from both nations to maximally leverage trade and investment opportunities, notably encompassing Pangasius exports to the UK.
(seafood.vasep.com.vn) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
The Seafood Expo Global is the largest seafood industry event in the world, truly becoming a professional playground and a strong foundation for connecting the international seafood community. The Seafood Expo Global (SEG) 2025 will take place from May 6 to May 8, 2025 in Barcelona, promising to be an important platform for the global seafood community to meet, trade, and seek business opportunities in seafood industry.
(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
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