May 17, 2017

 

Vietnam pangasius exports up 1.6% in 1st quarter
 
 
 

The value of Vietnamese pangasius exports in the first quarter increased 1.6% to US$371.3 million. There was a shift in the importing market structure, in which exports to China continued to increase, by 56.8% to $69.7 million, the Vietnam Association of Seafood Exporters and Producers (VASEP) said.

 

Shipments to other big potential markets such as Brazil, Mexico and Saudi Arabia also posted year-on-year increases of 70.4%, 38.8% and 13.8%, respectively. On the other hand, exports to some other main markets went down-sales to the US fell 24.3%, the EU by 21.5%; ASEAN by 10.8%; and Colombia by 5.3% compared with the same period in 2016.

 

Since February, China has become the biggest pangasius importing market of Vietnamese pangasius. Nearly 40 Vietnamese enterprises exported pangasius to China, according to VASEP.

 

As of March 2017, Vietnamese pangasius exports to the US touched $61 million. Despite the 24.3% decrease, US was the second-largest market. There are around 15 Vietnamese pangasius exporters to the US. The decrease is due to the high anti-dumping tax and other technical barriers from the importing market.

 

Vietnamese pangasius exports to Brazil in the three months to March reached $35.5 million, up 70% compared with the same period in 2016. Brazil has remained the third-largest single importer of Vietnamese pangasius (behind China and the US) since early this year. 

 

Vietnamese pangasius exports to the EU in the first quarter reached $49.9 million. Exports to four EU member states including the Netherlands, the UK, Spain and Germany registered year-on-year decreases of 2.8%, 15%, 42.8% and 27.2%, respectively, in the first three months.

 

The top five pangasius exporting companies in Vietnam during the first-quarter period were Vinh Hoan Corp., Bien Dong Seafood, Navico, Hung Vuong Corp. and IDI Corp. They exported pangasius worth $140.4 million, accounting for 37.8% of total exports, or equal to that a year ago.

 

VASEP said Vietnam's pangasius exports are forecast to increase 5% this year compared with 2016.