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Pangasius play a key role in Vietnam's increased seafood exports

Economics Catfish / Pangasius +3 more

A growth in the pangasius trade has been a key driver behind a 20 percent increase in Vietnam’s aquatic exports in the first six months of the year.

According to the latest statistics from the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood exports reached US$4.1 billion up to the end of June.

In the US market, two Vietnamese pangasius producers have been given a zero-percent anti-dumping tariff, which helps facilitate shipment of the product to this market.

Meanwhile exports of pangasius to markets including Mexico, Brazil, the UK, Thailand, the Netherlands, Colombia and Russia has showed triple-digit increases, compensating for a decrease in the Chinese market, although the latter remained the biggest importer of the fish, accounting for 26 percent of the total.