According to the General Department of Customs, in the first half of July 2024, pangasius exports to Mexico reached more than 4 million USD, an increase of 90% over the same period in 2023.
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| According to the General Department of Customs, in the first half of July 2024, pangasius exports to Mexico reached more than 4 million USD, an increase of 90% over the same period in 2023. (Source: Customs Newspaper) |
Accordingly, as of mid-July 2024, Mexico continues to maintain its position as the leading market in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and is the third single market, after China and the US, in consuming the most pangasius from Vietnam.
China and Hong Kong continue to be the largest markets for Vietnamese pangasius. Pangasius exports to this market in July reached 55 million USD, up 23% year-on-year. In the first 7 months of this year, pangasius exports to China and Hong Kong (China) reached 313 million USD, down 4% year-on-year, mainly due to decreases in February and March 2024.
Despite the geographical distance, Vietnamese pangasius is still popular with consumers in Mexico, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Vietnamese pangasius has many similarities in terms of firmness and taste compared to other white-fleshed fish such as cod, sardines, haddock and pollock.
In addition, with the advantage of much lower production costs compared to other white-fleshed fish, Vietnamese pangasius has quickly become a highly competitive alternative product not only to Asian tastes but also in many countries around the world.
Pangasius is among the seafood products that enjoy incentives under the CPTPP Agreement. According to statistics from Vietnam Customs, in the first half of July 2024, pangasius exports to Mexico reached more than 4 million USD, an increase of 90% over the same period in 2023. As of July 15, 2024, cumulative pangasius exports to this market reached 39 million USD, an increase of 14% over the same period last year.
In the first half of this year, the Mexican market consumed nearly 300 thousand USD of value-added pangasius, up 262% over the same period. Despite the growth, the average export price of Vietnamese pangasius to Mexico in the first half of this year was still below 2.5 USD/kg. However, this is still not the lowest price in the past 3 years.
Pangasius exports are expected to continue growing in the second half of this year as people in this Latin American country prepare for festivals and holidays.
Source: https://baoquocte.vn/bat-chap-khoang-cach-dia-ly-mexico-dung-dau-khoi-cptpp-ve-nhap-khau-ca-tra-viet-nam-283309.html
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