VIETNAM’S PANGASIUS EXPORTS TO EGYPT INCREASED BY 34%

( 26-09-2017 - 09:16 AM ) - Views: 37

In the first eight months of 2018, Vietnam’s total value of pangasius exports to Egypt reached US$24.2 million, up 34% over the same period last year. It remained as one of the three most important pangasius importing markets of Vietnamese pangasius in the Middle East.

In the first two months of this year, pangasius exports to this market decreased by 38%-71% over the same period last year. But in the next 3 months, the export value to this market increased very strongly by 100.6%-207.9% over the same period in 2017.

In the structure of seafood exports in the first 8 months of 2018, pangasius exports to Egypt took the highest value, accounting for 81%, followed by shrimp and other aquatic products. Stagnation of seafood imports, including pangasius into big import market such as Saudis made Vietnamese companies push into the UAE market and Egypt. As a result, during the past 8 months, pangasius exports to this market were relatively good.

 

 

The two sides also agreed to launch the Halal Food Standards Program for Vietnamese goods exported to the Islamic market in general and the Egyptian market in particular. Hopefully, in the coming time, exports of pangasius in particular and seafood products in general to this market will have more advantages and a better growth. This market was still considered as one of the three potential markets of Vietnam pangasius in this Middle East region.

 

 

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Until September 2018, the total value of pangasius exports reached US$1.59 billion, with a rise of 22.6% compared to the same period last year. Especially for the 3rd quarter of 2018, pangasius exports to major markets witnessed positive changes.
By the end of August 2018, Vietnam’s pangasius exports reached US$1.41 billion, up 21.7% over the same period last year. Thanks to the growth of the export value to some big markets such as China - Hong Kong, the U.S, the EU, ASEAN, UAE, Colombia, total export value exceeded expectations.
The US is the largest export market of Vietnam, with export turnover hitting 39 billion USD in the first ten months of 2018, representing a year-on-year increase of 12.8 percent.
Since the second quarter of 2018, Vietnam shrimp export have continuously declined compared with the same period in 2017. In September, Vietnam shrimp exports decreased 14.8% over the same period last year to nearly 332 million USD. Due to the decline in the second quarter and the third quarter of this year, shrimp exports in the first nine months of this year reached $ 2.6 billion, with 4% lower as for the same period in 2017.
Since the beginning of the second quarter to August this year, Vietnam’s shrimp exports remained the downward trend in value over the same period in 2017. Specifically, in July, exports fell by 20.3% over the same period last year; sales to most of major importing markets fell sharply.
Tra fish export value is expected to exceed 2 billion USD this year, higher than the industry’s target, according to experts.
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