According to data from Vietnam Customs, in May 2024, Vietnam's pangasius export turnover reached 167 million USD, an increase of 5% compared to May 2023. Cumulative pangasius exports in the first 5 months of this year reached 747 million USD, up 2% over the same period last year.
Frozen pangasius fillets are still main export product of Vietnamese pangasius. In May 2024, exports of this product to markets reached 134 million USD, up 2% over the same period last year. By the end of May, Vietnam exported nearly 603 million USD worth of frozen pangasius fillets to markets, down slightly by 0.1% over the same period last year.
Regarding consumption markets, China and Hong Kong (China) are still the largest consumers of Vietnamese pangasius. Cumulative pangasius exports to this market in the first 5 months of this year reached nearly 203 million USD, down 13% over the same period.
Of which, in May 2024 alone, pangasius export turnover to China reached nearly 48 million USD, up 1%; Exports to the Hong Kong (China) market reached more than 2.3 million USD, down 16% compared to the same period in 2023.
May 2024 was recorded as the second highest month for Vietnamese pangasius exports to China and Hong Kong (China) since the beginning of this year with a value of nearly 50 million USD, a slight increase of 0.4% over the same period, up 21% compared to the previous month.
While exports to Chinese market recorded a slight increase, pangasius exports to the US witnessed negative growth in May 2024. Accordingly, pangasius exports to the US in May 2024 reached 30 million USD, down 7% compared to the same period last year. However, cumulative export of pangasius in the first 5 months of this year to the US reached more than 132 million USD, an increase of 12% over the same period in 2023.
Pangasius exports to CPTPP market continued to maintain growth momentum in May 2024 with a value of nearly 13 million USD, an increase of 17% over the same period. In particular, several markets recorded an increase in pangasius imports including: Mexico, Japan, Canada, Singapore, ... By the end of May 2024, pangasius exports to CPTPP reached 103 million USD, an increase of 9% over the same period.
Similar to the US market, pangasius export turnover to EU market witnessed a 16% decrease in May 2024 with a value of 14 million USD. Cumulative exports in the first 5 months of this year to this market reached 70 million USD, down 9% compared to the same period last year. Despite decrease in turnover, many markets in the EU recorded an increase in imports of Vietnamese pangasius in May 2024, while in May 2023 there were almost no imports, including: Bulgaria (59.000 USD), Hungary (40.000 USD), Czech Republic (53.000 USD). According to Vietnam Association of Seafood Exporters and Producers, the US and EU's continued tightening of seafood imports from Russia continues to open up great opportunities for Vietnamese pangasius. Meanwhile, demand for pangasius in China is expected to improve as the country's economic support policies "permeate". Vietnam's pangasius export prospects will remain positive in the second half of this year, especially in major markets such as the US, China, etc.

Source: Vitic/ congthuong.vn