Russia used to be the traditional export market of Vietnamese pangasius. However, exports to this market are not stable because this country's import policy is different from other markets. Earlier this year, Vietnam exported three main product groups: frozen pangasius fillets, frozen pangasius and frozen whole pangasius to this market.
Until now, Russia is one of the largest exporters of white fish (pollen) in the world but also an importer of many white fish products from China, Argentina and Vietnam.
In 2020, frozen hake (HS code 030366) accounted for the largest proportion of imports in the structure of imports of white fish products of Russia, about 41%, followed by frozen pangasius fillets (HS code 030462) accounting for the largest proportion of imports. 18%, frozen tilapia fillets (HS code 030461) and hake fish fillets (HS code 030474).
Currently, Russia is importing frozen tilapia products from China and hake from China and Argentina. It is known that in 2020, Russia's seafood industry also wobbled due to Covid because the two largest pollock export markets, China and South Korea, stopped importing for many months to cope with the epidemic situation.
In early 2021, Vietnam is the largest supplier of frozen pangasius to the Russian market. In addition, Russia also imports pangasius products from Belarus and Kazakhstan, but the volume is insignificant.
Top 4 Vietnam pangasius exporters to Russia, Jan – Mar 2021 |
|
1 |
Hung Hau Agriculture Co., Ltd |
2 |
Hiep Thanh Seafood Jsc |
3 |
Vany Corp |
4 |
Que Ky Food Jsc |
(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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