Vietnam pangasius exports to Russia increased sharply after many years of decline

As of the first half of April 2021, the total export value of Vietnamese pangasius to the Russian market reached US$11.4 million, up 118.7% over the same period last year. After many years of exporting pangasius to this market with decline and interruption, at the beginning of this year, there have been many positive signals.

Russia used to be the traditional export market of Vietnamese pangasius. However, exports to this market are not stable because this country’s import policy is different from other markets. Earlier this year, Vietnam exported three main product groups: frozen pangasius fillets, frozen pangasius and frozen whole pangasius to this market.

Until now, Russia is one of the largest exporters of white fish (pollen) in the world but also an importer of many white fish products from China, Argentina and Vietnam.

In 2020, frozen hake (HS code 030366) accounted for the largest proportion of imports in the structure of imports of white fish products of Russia, about 41%, followed by frozen pangasius fillets (HS code 030462) accounting for the largest proportion of imports. 18%, frozen tilapia fillets (HS code 030461) and hake fish fillets (HS code 030474).

Currently, Russia is importing frozen tilapia products from China and hake from China and Argentina. It is known that in 2020, Russia’s seafood industry also wobbled due to Covid because the two largest pollock export markets, China and South Korea, stopped importing for many months to cope with the epidemic situation.

In early 2021, Vietnam is the largest supplier of frozen pangasius to the Russian market. In addition, Russia also imports pangasius products from Belarus and Kazakhstan, but the volume is

insignificant.

Top 4 Vietnam pangasius exporters to Russia, Jan – Mar 2021
1	Hung Hau Agricultural Corporation
2	Hiep Thanh Seafood Jsc
3	Vany Corp
4	Que Ky Food Jsc

 

 

 

 

 

 

 

(seafood.vasep.com.vn)