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Vietnam's pangasius exports have performed well this year, but there are still many challenges

 Last Update: 2022-11-25
 Source: Internet
 Author: User

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From SeafoodMedia news on November 11, although Vietnam's pangasius exports in the first nine months of this year were nearly 2 billion US dollars, exceeding industry expectations, from the perspective of export performance in September, inflation problems had a strong impact on export commodities, and pangasius was not immune
.

Vietnam's pangasius exports in September were twice as high as in the same period in 2021, but at their lowest point so far this year, and inflation and currency depreciation in many import markets are serious, affecting low- and middle-income consumers and forcing them to tighten their spending
.

The Chinese market is considered the most optimistic destination for companies to export, but now, the Chinese market is also showing a downward trend, with Vietnamese pangasius exports to China in September worth US$49 million, significantly lower than US$64 million in August, despite a year-on-year increase of 190%.

In the first three quarters of this year, Vietnam's exports of pangasius to China amounted to US$590 million, accounting for 30% of the total revenue, an increase of 111%
year-on-year.

Vietnamese pangasius exports to the United States increased by 41% in September, but remained lower than in
August.
As of the end of the third quarter, exports to the United States reached $454 million, an increase of 83% year-on-year, accounting for 23%.

Vietnam's pangasius exports to the European Union (EU) in September were US$3 million less than in August, and as of the end of September 2022, Vietnamese pangasius exports to the market amounted to nearly US$160 million, double the same period last year
.

In the first nine months of this year, Vietnam's pangasius exports to the UK reached US$50 million, up 30% year-on-year, and it is expected that Vietnam's pangasius exports to the UK will reach US$2.
2 billion this year.

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