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AFTER 11 MONTHS, PANGASIUS EXPORTS REACHED 1.8 BILLION USD

(vasep.com.vn) Compared to the same period in 2023, Vietnam's pangasius exports in the first 11 months of this year recorded more positive results. According to data from Vietnam Customs, pangasius export turnover in November 2024 reached 179 million USD, up 16% compared to November 2023. Cumulative pangasius exports by the end of November 2024 reached 1.8 billion USD, up 10% over the same period last year.

The order of the top markets in terms of Vietnamese pangasius consumption was almost unchanged compared to the previous month. China & Hong Kong remain the largest destination for pangasius exports. Pangasius export turnover to this market in November 2024 will reach 50 million USD, up 27% over the same period in 2023. The total value of Vietnamese pangasius exported to China alone reached more than 500 million USD in the first 11 months of this year, up 1% over the same period last year.

In November 2024, pangasius exports to the US reached more than 26 million USD, up 14% compared to November 2023. By the end of November this year, exports of pangasius products to this superpower reached more than 317 million USD, up 26% over the same period.

Pangasius exports to the CPTPP market reached nearly 24 million USD in November 2024, up 5% over the same period last year. In the first eleven months of this year, pangasius exports to CPTPP reached 248 million USD, up 10% over the same period last year. In particular, Mexico continues to be the largest importer of Vietnamese pangasius in this market. In November this year alone, consumers in this country consumed nearly 6 million USD of pangasius, down 25% over the same period last year. Although the export value decreased in November, the export value of pangasius to Mexico by the end of November 2024 still recorded an increase of 5% and reached 69 million USD.

The EU is the 4th largest pangasius import market of Vietnam. The value of pangasius exports to this market in the first 11 months of this year reached nearly 161 million USD, up 3% over the same period last year. In November this year alone, the EU consumed nearly 17 million USD, up 43% over the same period in 2023. The Netherlands is still the largest importer of Vietnamese pangasius in this bloc in the first 11 months of this year with more than 43 million USD, up 7% over the same period in 2023.

In addition, Vietnam's pangasius exports to a number of other markets also recorded positive growth in November 2024, including: Thailand increased by 29%, the UK increased by 20%, Colombia increased by 2%,...

Vietnam's pangasius exports are on their way to the finish line of 2 billion USD as forecast at the beginning of the year, showing that the attractiveness, competitiveness and potential of the market are still strong. However, pangasius production and export activities still face many challenges, especially strong competition with other whitefish species. Vietnamese enterprises are forced to make calculations for a more diverse and proactive new direction to maintain and develop the market share of the Vietnamese pangasius industry in the international arena.

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Hello! I am Victoria Anderson. I am city skyline and landscape photographer. I fell in love with photography when I bought my first digital camera Canon 5d Mark II back in 2011.