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Pangasius exported to china grows strong and fast

In the first ten months of 2018, the export value of Vietnamese pangasius export to China - Hong Kong market reached US$437.9 million, up by 30.6% over the same period in 2017. Despite the slower pace of the the export growth rate, it is forecasted that by the end of the year, exporting pangasius to China is still stable with a double-digit growth rate.
Update: (2/19/2019)


In third quarter of 2018, pangasius exports to China has slowed down, with the gradually decreasing growth rate compared to the same period last year. Pangasius export value to China in this quarter fell by 16.6% compared to the previous quarter. However, exports to Hong Kong market remained at the same level compared to the second quarter.

Currently, Vietnam is the 3rd largest whitefish supplier for China market, following Russia and Norway.

Frozen Cod (HS code 030363), frozen Alaska pollock (HS code 030367) and frozen pangasius (HS code 030462) are the three largest import product groups of China in 2017. However, the proportion of Cod products accounted for 41.5% of the total value of white fish imports in China, while pangasius and basa accounted for 5.7%.

20 largest suppliers of whitemeat fish to China (Thousand US$, Source: ITC)

No.

Supplier

Q1/2017

Q2/2017

Q3/2017

Q4/2017

Q1/2018

↑↓%

1

Russia

299,320

265,803

221,810

154,634

298,229

-0.4

2

The US

50,485

99,131

46,854

43,333

51,270

1.6

3

Norway

47,400

49,471

54,918

57,428

49,086

3.6

4

Vietnam

15,597

22,652

31,448

44,881

47,167

202.4

5

Greenland

9,793

9,129

8,359

13,446

9,300

-5.0

6

Japan

1,887

3,364

2,499

2,365

3,682

95.1

7

Canada

1,838

2,224

13,852

10,240

2,733

48.7

8

Korea

527

298

3,220

5,347

1,460

177.0

9

Portugal

1,048

2,205

1,871

633

934

-10.9

10

Argentina

1,381

736

669

331

784

-43.2

11

China (other regions)

671

659

9,686

2,166

696

3.7

12

Iceland

284

446

612

453

624

119.7

13

Netherlands

1,399

3,337

-

1,651

550

-60.7

14

Indonesia

-

-

2

-

221

-

15

Uruguay

129

-

-

96

123

-4.7

16

Spain

409

12

-

-

98

-76.0

17

New Zealand

91

291

496

995

47

-48.4

18

The UK

-

-

-

2

46

-

19

Chile

-

-

90

48

40

-

20

Denmark

-

177

104

80

37

  
 
Source: Vasep


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