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    Home > Food News > Food Articles > China will be Vietnam's preferred export market for pangasius

    China will be Vietnam's preferred export market for pangasius

    • Last Update: 2022-12-30
    • Source: Internet
    • Author: User
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    According to SeafoodNews on December 2, Vietnam's pangasius exports in the first 10 months of 2022 are estimated at US$2.
    2 billion, an increase of 80% year-on-year, of which the Chinese market accounts for 30%, and exports are 654 million yuan, an increase of 110%
    year-on-year.
     
    Since 2020, China has consistently overtaken the United States as Vietnam's largest pangasius import market
    , the Vietnam Seafood Exporters and Producers Association (VASEP) said.
     
    Vietnam is China's neighbor, and Vietnam's seafood will be the first choice for Chinese importers, especially pangasius
    .
     
    Affected by the epidemic, China's fisheries and aquaculture production has decreased, and China needs to increase seafood imports from other countries to meet domestic demand and domestic export processing requirements
    .
    The increase in sea freight rates caused by the Russia-Ukraine conflict, as well as inflation in various countries, are also great challenges
    for Chinese seafood import and export enterprises.
     
    In October, Vietnam's pangasius exports to China were US$64.
    2 million, up 105% year-on-year, including US$48 million worth of pangasius fillets and US$16 million worth of fresh/frozen pangasius whole fish
    .
     
    In the first 10 months of this year, Vietnam's exports of frozen pangasius slices to China were US$489 million, up 115% year-on-year, and fresh/frozen pangasius whole fish exports were US$163 million
    .
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