Vietnam pangasius exports in 2022

(seafood.vasep.com.vn) According to customs statistics, Vietnam's pangasius exports as of October 15, 2022 reached more than 2 million USD, up 81% over the same period last year. It is estimated that by the end of October, pangasius exports will bring in over $2.1 billion. In particular, in October 2022 alone, pangasius exports were estimated at US$159 million, up 16%.

(seafood.vasep.com.vn) According to Customs statistics, by mid-October 2022, the country's pangasius exports reached 2.06 billion USD, an increase of 60% over the same period in 2022. By the end of October 2022, pangasius exports is forecast to earn nearly 2.2 billion USD in foreign currency, an increase of 80% compared to the same period in 2021. Of which, the Chinese market alone accounted for 30% with about 654 million USD, up 110%.

(seafood.vasep.com.vn) The nearly 2 billion USD of pangasius exports in the first 9 months of 2022 went beyond the expectations of Vietnam’s seafood industry. However, looking at the export performance in September, we can see that inflation has strongly hit all food and seafood industries, not excluding pangasius.

(seafood.vasep.com.vn) ASEAN is one of the market blocs accounting for a significant proportion of Vietnam's total pangasius exports, and is tending to increase. By the end of September 2022, Vietnam's pangasius exports to ASEAN countries are estimated at more than 152 million USD, accounting for nearly 8% of total pangasius exports.

(seafood.vasep.com.vn) Brazil is among the top 4 largest import markets of Vietnamese pangasius in the first 8 months of 2022. With over $64 million in imports, Brazil accounts for 3.6% of the total pangasius exports, behind China, the US and Mexico.

(seafood.vasep.com.vn) BIDV Securities Company (BSC) forecasted that Nam Viet Joint Stock Company (ANV)’s business results in the coming time will continue to be satisfactory thanks to the good signals in the US and China markets.

(seafood.vasep.com.vn) In 2022, the pangasius industry is expected to produce about 1.6-1.7 million tons of commercial pangasius; Pangasius export turnover reached over 1.6 billion USD. This is the plan said by Mr. Nhu Van Can, Director of the Aquaculture Department, Directorate of Fisheries at the Conference on implementing the development plan of the pangasius industry in 2022 organized by the Ministry of Agriculture and Rural Development in Hanoi. Can Tho on February 25.