According to the ITC statistics, in the first nine months of 2017, as the import volume of whitefish products, including pangasius, into Brazil grew strongly, Vietnam surpassed Argentina to become the biggest supplier to Brazil with total value of US$125.6 million.
In addition, Brazil also imports some whitefish items from China, Portugal, Chile and Peru.
In the first three quarters of 2017, Brazil mainly imported frozen hake fillets (HS code 030474) and frozen hake (HS code 030366) from Argentina; Alaska pollock (HS code 030475); frozen hake fillets (HS code 030474) and frozen cod fillets (HS code 030471) from China as well as cod fillets and frozen whole cod (HS code 030363 and 030471) from Portugal.
In QIV/2017, Vietnam’s pangasius exports to Brazil expected to increase by 25-50% over the same period last year. Currently, high quality pangasius products remain popular to Brazilian customers.
Whitefish imports into Brazil, Jan-Jun 2017 (Thousand US$); Source: ITC |
|||||||
Exporters |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jan-Jun 2017 |
World |
22,374 |
27,028 |
41,199 |
22,595 |
22,781 |
19,126 |
155,103 |
Argentina |
5,813 |
5,752 |
9,522 |
6,322 |
6,375 |
6,566 |
40,350 |
China |
4,776 |
5,293 |
10,328 |
2,929 |
3,902 |
5,074 |
32,302 |
Vietnam |
8,517 |
10,111 |
13,066 |
9,984 |
10,675 |
4,739 |
57,092 |
Portugal |
2,913 |
5,334 |
7,761 |
2,785 |
1,429 |
2,544 |
22,766 |
Ecuador |
103 |
113 |
293 |
355 |
- |
104 |
968 |
U.S |
109 |
79 |
53 |
- |
52 |
79 |
372 |
Uruguay |
- |
125 |
41 |
- |
68 |
20 |
254 |
Chile |
- |
- |
- |
88 |
89 |
- |
177 |
Iceland |
- |
153 |
- |
- |
- |
- |
153 |
New Zealand |
- |
- |
- |
- |
- |
- |
- |
Peru |
143 |
68 |
137 |
133 |
191 |
- |
672 |
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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