Vietnam pangasius exports to China increased by 107%

Hung Hau Pangasius Fillet

In the first 6 months of 2022, the total value of Vietnam pangasius exports to China – Hong Kong reached US$427.6 million, up 107% over the same period last year. TG Fishery Holdings Corporation (TG Corp); International Development and Investment Corporation (IDI Corp); CADOVIMEX II Seafood Import-Export and Processing Joint Stock Company are the three enterprises with the largest export value to this market.

In the first 6 months of the year, China tightened measures to trace SARS-CoV-2 virus on imported food products, including white fish. However, according to the most updated statistics of ITC, according to Chinese Customs data, in the first quarter of 2022, the total value of white fish imports of this country reached 452.7 million USD, up 151% over the same period last year. In which, imports of pollock from Russia reached more than 250 million USD, an increase of 250%. Imports of pangasius, white fish from Vietnam reached 125 million USD, rising 43%.

But in June 2022, China Customs announced four times to restrict the import of Russian seafood due to the detection of coronavirus on frozen Pacific cod packaging. By May 2022, Chinese specialties had detected coronavirus in seafood products supplied to China by more than 30 Russian fishing vessels, as well as about 20 warehouses in Russia.

Up to now, there is no official whitefish import data from China Customs, but certainly, the volume and value of whitefish imports from Russia will decrease sharply compared to the first quarter.

Recently, China Customs announced that it will remove direct inspection of coronavirus on imported seafood products but will check online if detected. This is considered an ease to the very strict policy on imported food before.

Vietnam’s frozen pangasius exports to China still maintain double-digit growth compared to the same period last year. The number of pangasius enterprises participating in exporting to China – Hong Kong is also large, up to 185 units. This indicates that China is a very promising market for Vietnam pangasius exporters  in the first half of the year.

Compiled by Thuy Linh