June 23, 2022

Vietnam pangasius shipments to Mexico rise

Vietnam's pangasius shipments to Mexico totalled US$45.6 million as of the first half of May 2022, 70% higher year-on-year and 4.3% of the worldwide pangasius export value, Fish Information & Services reported.

This is an higher export value than Brazil, and demonstrates Mexico's potential as a desirable destination for many Vietnamese exporters of pangasius.

In the first half of the year, the value of Vietnamese pangasius exports to this market increased to 35% of the block's total value.

The average export price of frozen pangasius fillets to Mexico has increased from US$2.60 to US$2.75 USD per kg. Many pangasius businesses have relocated to Mexico from other markets. In this quarter, more than 30 Vietnamese seafood businesses exported pangasius to Mexico.

According to export value, the top three companies are IDI CORP, Vietnamfishco. ltd., and the Cuu Long fish joint-stock company. The export of pangasius to this market is being encouraged by pangasius processors in Dong Thap, An Giang, Ben Tre, Can Tho, and Vinh Long provinces.

Frozen pangasius fillets and frozen pangasius portions are currently Vietnam's two main pangasius exports to Mexico.

-      Fish Information & Services