Compared to the peak of $ 310 million reached in April, sales in October fell by nearly half. The market is no longer as favorable as in the first half of the year. Inflation causes demand to decrease month by month, especially in the US, EU, UK markets, even in the CPTPP markets or markets with geographical advantages.
Specifically, pangasius exports to the US in October decreased by nearly 25% to 32 million USD. Starting from July, pangasius exports to the US market only fluctuated between 32-33 million USD per month, a dramatic decrease compared to the peak of 81 million USD in April.
According to statistics of the US Department of Agriculture, by the end of the third quarter of 2022, the country has imported about 104.5 thousand tons of frozen pangasius fillets (HS code 03046200) from Vietnam, worth 610.5 million USD, an increase 19% in volume but 66% higher in value compared to the same period last year. The average price of frozen pangasius fillets from Vietnam to the US increased by 53.3% from 2.78 USD to 4.26 USD/kg. Frozen pangasius fillets account for nearly 60% of the total volume of fish imported from Vietnam into the US, accounting for 43% in value. This is also the product with the highest increase in import price among seafood products imported into the US in the first 3 quarters of this year.
Pangasius exports in October reached the lowest level since the beginning of the year.
Pangasius exports to main markets in the EU have different trends in October 2022. While exports to Belgium decreased by 25%, exports to Germany increased sharply by 384%, the Netherlands still kept a slight growth of 10%, and Spain increased by 142%.
In October, exports to small markets that are considered potential in recent years such as Mexico, Malaysia, Colombia, Saudi Arabia all decreased by 13-53% over the same period last year.
In the downward trends, pangasius exports to China and HongKong are still increasing. Pangasius exports to China still increased by 23% and to Hong Kong increased by 123%.
By the end of October, China is still the no. 1 market of Vietnamese pangasius with a total export value of 594 million USD, accounting for 28% and increasing 106% compared to the same period in 2021. This market accounts for 30% with 632 million USD in export sales of Vietnamese pangasius (if HongKong is included).
Besides, there are still some small markets that are increasing imports of Vietnam’s pangasius such as Russia (increased by 5 times), Thailand (increased by 13%).
With the current situation, pangasius exports by the end of the year can reach about $2.45-2.5 billion, up 54% compared to 2021.
Compiled by Thuy Linh
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(seafood.vasep.com.vn) The “Moringa Noodles Salad” product by Sa Giang Import-Export Corporation was honored as one of the “Top 10 Winning Products” at the THAIFEX – Anuga taste Innovation Show 2026, held as part of THAIFEX – Anuga Asia 2026 in Bangkok.
(seafood.vasep.com.vn) After a fairly strong upward trend in 2025, Vietnam’s clam exports entered 2026 with a mixed picture: strong growth at the beginning of the year, followed by a slowdown from March onward. According to Vietnam Customs data, Vietnam’s clam export turnover in the first four months of 2026 reached more than USD 38 million, up 2% compared to the same period in 2025.
(seafood.vasep.com.vn) Vietnam’s pangasius industry is facing new opportunities to expand its development space as many localities and businesses begin promoting marine farming models aimed at diversifying farming areas and adapting to climate change. However, for pangasius to truly “go offshore” and develop into a large-scale industry segment, significant challenges related to technology, broodstock, and markets still need to be addressed.
(seafood.vasep.com.vn) Vietnam’s tilapia exports in April 2026 reached USD 11 million, up 92% compared to the same period in 2025. This strong growth indicates that Vietnamese tilapia products are continuing to penetrate and expand rapidly in international markets. Cumulative export turnover in the first four months of 2026 reached USD 49 million, up 151% year-on-year.
(seafood.vasep.com) At VietShrimp Asia 2026, disease management trends in shrimp farming are shifting strongly from treatment-based approaches toward proactive prevention through environmental and pond ecosystem control.
(vasep.com.vn) After a period of strong growth, with export turnover reaching USD 38 million in Q1/2026 — up 174% year-on-year — the sector’s rapid expansion clearly reflects growing market opportunities.
(vasep.com.vn) In the first quarter of 2026, Vietnam’s pangasius exports to the ASEAN bloc reached USD 44 million, up 7% compared to the same period in 2025. After falling to the lowest level of the quarter at USD 9 million in February — reflecting the seasonal slowdown in orders after the festive period — exports recovered strongly to USD 18 million in March, the highest monthly value of the quarter. This development shows that import demand for pangasius in ASEAN remains relatively stable despite short-term fluctuations.
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