VASEP: China imported 43% more pangasius from Vietnam
Vietnamese exports of pangasius reported an increase of 43% in the first four months of 2018 compared to the corresponding period from 2017 and reached a value of $145 million, according to the latest data presented by Vietnam Association of Seafood Exporters and Producers (VASEP).
The record growth makes China the largest importer of pangasius from Vietnam, surpassing the US that previously held this position.
According to VASEP, Vietnam is currently the third largest provider of white fish for China, after Russia and Norway.
VASEP expects that the positive trend in pangasius exports to China will be maintained.
"As pangasius exports to traditional markets like the EU and the US are facing difficulties due to high anti-dumping tariffs and technical barriers, China is considered a good alternative market for businesses," VASEP said in a statement.
According to a report of the Directorate of Fisheries, the pangasius output hit 1.2 million tonnes in 2017, a year-on-year rise of 5.1 percent. In the year, export turnover of this fish reached 1.78 billion USD, up 4.3 percent against the previous year, accounting for 21 percent of the fishery industry’s total export value.
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