According to VASEP, thanks to pangasius, Vietnam became the second largest supplier of whitefish to the US in 2023.
According to the Vietnam Association of Seafood Processing and Export (VASEP), Vietnam's pangasius exports to the US last year reached $271 million, a decrease of half compared to the previous year. Despite the sharp decline, the US remains the second largest market for Vietnamese pangasius, after China (including Hong Kong).
Furthermore, according to data from the International Trade Centre (ITC), in the first 10 months of 2023, the US imported over $1.4 billion worth of whitefish from around the world, primarily frozen fillets. Of this, imports from Vietnam accounted for 19% of the market share, making it the second largest supplier of whitefish (mainly pangasius) to the US, after China (which accounted for 45%).
According to VASEP, the value of Vietnam's pangasius exports to the US showed positive signs in the last month of last year, helping to partially offset the previous decline. Specifically, in December 2023, the US recorded positive growth in Vietnamese pangasius imports for the first time, reaching nearly $20 million, an increase of 20%. Prior to that, export value decreased by 22-81% in the first 11 months.
Looking ahead to 2024, VASEP notes several positive signs as the US economy shows signs of recovery and growth. Inflation has decreased, unemployment is lower, and incomes are catching up with or exceeding inflation, which is expected to make consumer spending more comfortable compared to the volatile year of 2023.
vnexpress.net
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