According to Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam's pangasius export turnover in the third quarter of 2024 is estimated at 544 million USD, up nearly 14% over the third quarter of 2023. Pangasius export turnover in the first 9 months of 2024 brought in a turnover of 1.46 billion USD, up 8% over the same period last year. Of which, although processed pangasius group accounts for a modest proportion, it increased dramatically by 42%, frozen whole pangasius increased by 24% and frozen fillet/cut pangasius increased slightly by 4%.
Pangasius exports in the first 9 months of this year are considered quite positive compared to the same period last year, when entire export turnover continuously recorded positive growth. However, Customs data shows that in the first half of September 2024, some major markets witnessed a slight decline such as China & Hong Kong (China) down 19%, of which Hong Kong (China) alone down 17%, Thailand down 23%.
Accumulated pangasius exports up to September 15, 2024 to markets generally still recorded growth due to export turnover in previous months achieving quite positive results. Specifically: Up to September 15, 2024, pangasius exports to the US reached 240 million USD, up 23%; Brazil reached 81 million USD, up 26%; Thailand reached 43 million USD, up 9%.
In the first half of the last month of the third quarter of 2024, Mexico continued to lead CPTPP market in consumption of Vietnamese pangasius with a value of 3 million USD, up 25% over the same period last year, contributing 30% of total CPTPP pangasius imports from Vietnam. Cumulative pangasius exports to Mexico as of September 15, 2024 reached 55 million USD, up 19% over the same period last year. Following Mexico, pangasius exports to Canada reached 2 million USD in the first half of September 2024, up 49% over the same period last year. As of September 15, 2024, pangasius exports to this market reached more than 28 million USD, an increase of 13% over the same period in 2023.
After 5 years since coming into effect in January 2019, CPTPP has played an important role in promoting Vietnam's trade with markets in the Americas, especially member markets including Canada, Mexico, Chile and Peru (in which Canada, Mexico and Peru are the markets that have FTA relations with Vietnam for the first time).
With expectations of continued warming export prices and growth in export turnover, Vietnam's pangasius exports in the third quarter of 2024 will still achieve positive results, as markets are gradually preparing goods to serve consumer demand during 2024 year-end festival.
In particular, it is noteworthy that value-added pangasius products will continue to break through and grow strongly in markets, especially China. Therefore, preparing goods to meet market demand will help businesses not waste potential and opportunities to expand market share for these products.
According to Vietnam Customs, Vietnam's pangasius exports in the first half of September 2024 reached 77 million USD, a slight increase of 1% over the same period in 2023. Cumulative exports up to September 15, 2024 reached nearly 1.4 billion USD, an increase of 9% over the same period last year.

Source: Vitic/ congthuong.vn