After falling continuously from the beginning of the year to the lowest level in 2022 of nearly $3.5 million in May, pangasius exports to the Brazilian market are gradually recovering. Vietnam pangasius exports to this market in August reached $8.7 million, the highest level in the past 7 months. Compared to the same period in 2021, pangasius exports to this market in August 2022 increased by 179% and increased by 31% compared to July 2022.
By the end of August 2022, the total value of Vietnamese pangasius exports to Brazil increased by 55% over the same period last year. The increase in exports was mainly because of the higher price.
According to statistics of the World Trade Center (ITC), the average price of Vietnamese pangasius exported to Brazil in the first 7 months of this year increased by 43% over the same period last year. Therefore, while the volume of pangasius exports to Brazil in this period decreased by 5%, the value still increased by 36%. The average price of Vietnamese pangasius imports into this market increased continuously from the beginning of the year and reached the highest level of 3.4 USD/kg in July 2022.
In the first 7 months of this year, Brazil imported 164,000 tons of seafood, worth 791 million USD, down 17% in volume but up 19% in value. In which, imports of white fish species such as cod, pangasius, tilapia, etc accounted for 23% in volume and 21% in value of seafood imports.
Pangasius imports from Vietnam account for 46% of the volume and 33% of the value of white fish imported to Brazil. Due to the Russia-Ukraine war, the amount of cod entering the Brazilian market became scarcer. Compared with cod, the price of Vietnamese pangasius imported into Brazil was still more affordable.
Despite being a country with a long coastline and abundant water resources, with a rich and diverse aquatic biodiversity, 60% of the seafood that Brazilians consume is imported from other countries in South America, Asia and Europe, because of a number of factors such as culture, traffic difficulties. Some fish species favored by Brazilians include Chilean salmon, Vietnamese pangasius and North Atlantic cod.
Brazil is also affected by the Russia-Ukraine conflict and high inflation. In that context, according to retailers in this market, pangasius has the advantage because it is affordable and fits the taste of Brazilian consumers.
The Brazilian market has completely opened, there is almost no concern about Covid, the Brazilian economy is showing optimistic signals after growing 2.6% in Q2/2022. The bilabal relationship between Vietnam and Brazil is developing more and more actively. Those are good signs for Vietnamese agricultural products, including pangasius, to increase their market share to this market in the near future.
Compiled by Thuy Linh
(seafood.vasep.com.vn) Vietnamese seafood exports recorded impressive growth, generating nearly 6 billion USD in revenue during the first six months of the year, up 13% compared with the same period last year.
(seafood.vasep.com.vn) Fishermen in Ha Tinh are gradually overcoming difficulties to maintain the efficiency of seafood exploitation. In the first six months of 2026, the entire province achieved a production of more than 23,000 tons of seafood, worth more than 1,200 billion VND.
(seafood.vasep.com.vn) June 2026 brought encouraging signs for Vietnam's tuna exports, with export value rising 20% year-on-year to nearly USD 72 million. However, this increase has yet to offset the prolonged slowdown seen in key markets such as the European Union (EU), where import demand remains weak. The outlook for the second half of the year is expected to become more challenging as freight rates continue to climb.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the Vietnam Association of Seafood Exporters and Producers (VASEP), in collaboration with the Agency for Domestic Market Management and Development under the Ministry of Industry and Trade, will organize the Domestic Seafood Supply–Demand Matching Program on the morning of August 20, 2026, at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City. The program aims to foster direct business connections between Vietnamese seafood producers and processors and domestic distributors, retailers, and foodservice channels.
(seafood.vasep.com.vn) The Cooking Show will be one of the most engaging experiential highlights of Vietfish 2026. Taking place over three days, from August 19–21, 2026, at Hall B1, SECC, Ho Chi Minh City, the event will offer visitors a vibrant culinary space where Vietnamese seafood is showcased through its flavors, stories, and real-life culinary applications.
(seafood.vasep.com.vn) Vietnam's pangasius exports reached USD 205 million in June 2026, up 5% compared with the same month in 2025. Cumulative export value for the first six months of the year totaled USD 1.1 billion, an increase of 12% year-on-year. Growth was primarily driven by strong demand from China and CPTPP markets, while exports to the United States and Brazil continued to decline.
(seafood.vasep.com.vn) In the first six months of 2026, Ha Tinh province continued to implement comprehensive solutions to combat IUU fishing; strictly manage the fishing fleet, control fishing vessels entering and leaving ports, operate vessel tracking devices, trace the origin of seafood, and severely punish violations.
(seafood.vasep.com.vn) Vietnam's tilapia exports reached USD 7 million in June 2026, down 32% compared with the same month in 2025. Nevertheless, thanks to strong growth in the first five months of the year, cumulative tilapia exports in the first half of 2026 totaled USD 69 million, up 67% year on year.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company, a member of the Vietnam Association of Seafood Exporters and Producers (VASEP), has been honored with the "Famous Brand - Competitive Vietnamese Brand 2026" certification at an award ceremony organized by the Vietnam Intellectual Property Association (VIPA).
(seafood.vasep.com.vn) China imported nearly $1.4 billion worth of Vietnamese seafood in the first half of the year, a 40% increase compared to the same period last year, surpassing the US to become the largest export market for the industry.
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