Vietnam becomes second largest supplier of white fish to U.S.

The Vietnam Association of Seafood Exporters and Producers (VASEP) cited data from the International Trade Center (ITC) which showed Vietnamese white fish export turnover to the U.S. in the first half of 2024 reaching USD 184 million, accounting for 21% of the total.

Vietnam’s pangasius export turnover to the U.S. in July 2024 reached USD 31 million, up 69 per cent year-on-year.

Latest data from VASEP also shows Vietnam’s pangasius export turnover to the U.S in July 2024 reached USD 31 million, up 69% year-on-year. The surge brought the value in the first seven months of 2024 to USD 190 million, up 20% over the same period last year.

The U.S. is currently the second largest export market for pangasius of Vietnam (behind mainland China and Hong Kong). Vietnamese pangasius products exported to the U.S. include frozen fillets, value-added products from pangasius, dried pangasius and other frozen products.

According to VASEP, pangasius exports from Vietnam to the U.S. recovered since the beginning of this year because the inventory in this market in 2023 has decreased significantly. In addition, preparations for festivals and year-end holidays have also increased consumer demand. It is forecast that pangasius export orders to the U.S. will increase in the last months of the year.

VASEP reports that in the first seven months of 2024, Vietnam's pangasius export turnover reached more than USD 1.1 billion, up 9% over the same period last year. Mainland China and Hong Kong continued to be the largest export markets with USD 313 million, but down 4% year-on-year. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)’s market was the third largest pangasius export market with USD 155 million, up 15% year-on-year, followed by the E.U. with USD 99 million, down 2% year-on-year.

Source: VNA