Top 4 largest Vietnam’s pangasius import markets in 2021
MEKSEA.COM – Covid-19 was a barrier for Vietnam’s pangasius export industry in 2021. Farming, transporting and exporting activities continuously faced many difficulties. However, in that context, Vietnamese enterprises always try to keep their business growing. As a result, in 2021, Vietnam’s pangasius exports reached 1.61 billion USD, an increase of 8.4% compared to 2020.
In 2021, Vietnam’s pangasius exports had a positive shift towards potential markets.
Top 1: China – Hong Kong
In 2021, the total value of Vietnam’s pangasius exports to the China-Hong Kong market reached 449.8 million USD. Meanwhile, in the first 3 quarters of 2021, pangasius exports to China – Hong Kong encountered many problems and disruptions due to China’s trade barriers.
In September 2021, the demand for imports for the holidays at the end of 2021 and the summer of 2022 increased. Therefore, the government eased goods inspection measures to increase purchases. Since then, China’s pangasius imports value has increased sharply again. In December 2021, China’s pangasius import value from Vietnam reached US$73.2 million, up 144.3% over the same period in 2020.
Top 2: US
2021 is considered a breakthrough year for Vietnam’s pangasius industry exporting to the US with a turnover of 370.6 million USD, double the same period in 2020. At the end of June 2021, the US Department of Commerce announced the result of the Anti-dumping Administrative Reviews on frozen pangasius from Vietnam to the US market in the period August 1, 2018 – July 31, 2019.
The tax rate of 0% applied to businesses is the motivation for the continuous growth of pangasius exports to this market. In particular, in December 2021, the export value of pangasius to the US reached 46.6 million USD, up 6.7% over the same period in 2020.
Top 3: CPTPP countries
In 2021, the total export value of pangasius to this market block was 207.8 million USD, up 0.6% compared to 2020, in which, the most prominent are the two markets of Canada and Mexico.
In 2021, the total value of Vietnamese pangasius exports to Mexico will reach 69.2 million USD, up 37.3%; to Canada reached 32.7 million USD, up 7.5% over the previous year.
Top 4: EU countries
In 2021, the total value of pangasius exports to the EU reached 106.2 million USD.
Besides major markets such as the Netherlands, Belgium, Spain and Germany, Vietnam’s pangasius exports to markets such as Brazil, Colombia, Russia, and Ai-level have gained positive signs. Pangasius export value to Brazil increased by 48.6%; to Colombia increased by 68.5%; to Russia increased by 72.8% and to Egypt by 51.7% over the previous year.
If you are interested in Vietnam’s pangasius products, kindly please visit Meksea website to explore our pangasius products: https://www.mekseaconnection.com/product-category/pangasius/
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By Hayati (Meksea Team)
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