Pangasius exports to the US increase sharply

In the first half of 2016, the export value of Vietnamese pangasius to the US, China and Brazil increased positively.

Data from the Ministry of Agriculture and Rural Development shows that in the first 6 months of the year, pangasius production has not shown any signs of recovery. A series of difficulties such as unstable consumption markets, unstable fish prices, and frequent outbreaks of disease have caused the pangasius farming area to decrease.

Pangasius fish exports increase positively (Illustration photo: KT)

The area of ​​pangasius farming in the first 6 months of the year in the Mekong Delta provinces is estimated at 3,757 hectares, down 5.5% over the same period. The estimated output is 526,683 tons, approximately the same as the same period. In particular, some key provinces in pangasius farming have decreased output such as: Vinh Long 38,000 tons (-4%), Ben Tre 82,575 tons (-12%), An Giang 121,437 tons (-7%), Dong Thap 184,004 tons (-1%).

However, regarding exports, according to the Vietnam Association of Seafood Exporters and Producers (VASEP), by the end of May 2016, the total export value of pangasius reached 650.3 million USD, up 5.5% over the same period last year. Of which, the export value to the US, China, and Brazil increased positively.

Specifically, Vietnamese pangasius exported to the US market reached 152 million USD, accounting for 23.4% of total exports, up 12.9% over the same period in 2015. Although the number of enterprises exporting to this market is small, the export value is the highest among the top 10 leading markets for Vietnamese pangasius.

Regarding the EU market, although the decline was not too strong, in the first 5 months of this year, pangasius exports to the EU market continued to decline continuously over the months. By the end of May 2016, the export value to this market reached 109.3 million USD, down 8.1%.

As for the Chinese market, the export value of pangasius to this market is quite good. In the first 5 months of this year, it reached 94.9 million USD, an increase of 72.7%. During the same period, the Brazilian market also consumed 32.8 million USD of imported pangasius from Vietnam, an increase of 118.3% over the same period last year./.

According to VOV