In the CPTPP bloc, Mexico is the country that imports the most Vietnamese pangasius
According to data from the General Department of Customs, in the first 5 months of this year, exports of frozen pangasius fillets to the CPTPP bloc reached nearly 89 million USD, up 6% over the same period last year, accounting for 87% of the proportion, and accounting for 15%. of the total export value of Vietnamese frozen pangasius fillets to markets.
In addition, exports of other pangasius products to the CPTPP market also recorded growth in the first 5 months of this year. By the end of May 2024, the export value of frozen whole cut pangasius/whole butterfly cut pangasius, pangasius swim bladder... HS code 03 (except HS code 0304) reached 9 million USD, an increase of 20 million USD. % over the same period, accounting for 9% of the proportion and 7% of the total export value of this product to markets; Value-added pangasius exports to the CPTPP bloc reached nearly 5 million USD, up 55% over the same period in 2023, accounting for 5% of the proportion and accounting for 37% of the total value-added pangasius exported by Vietnam to other markets. school.
According to the latest data from Vietnam Customs, in the first half of June 2024, Vietnam's pangasius export turnover to the CPTPP market reached 12 million, an increase of 23% over the same period in 2023. As of June 15 /2024, cumulative pangasius exports to the CPTPP market reach 114 million USD, up 10% over the same period.
Of which, Mexico is the country that imports the most Vietnamese pangasius with a value of 31 million USD, an increase of 7%; Japan imported 18 million USD, up 35%; Canada imported 18 million USD, up 15%; Singapore imported 16 million USD, up 0.2% over the same period last year.
In 2024, when the inventory due to massive imports in 2022 is gradually depleted, pangasius exports begin to recover and prosper in some markets, including the CPTPP market block.
In the last 6 months of 2024, pangasius exports to the CPTPP bloc are expected to continue the increase of the first 6 months of the year when prices and demand are gradually stabilizing. To achieve this result, businesses need to improve their competitiveness, research the benefits that this agreement brings in terms of tariffs to seize opportunities and increase exports.