According to data from the General Department of Customs, pangasius exports to Iraq have continuously recorded growth in the first 9 months of this year.
According to data of According to the General Department of Customs, pangasius exports to Iraq have continuously recorded growth in the first 9 months of this year. Pangasius exports to this country have even surpassed Iran - a country considered a gateway for trade between Vietnam and the Middle East.
Vietnam's pangasius export turnover to Iraq in September 2024 reached the highest level in the past 3 years, since 2022, with a value of nearly 1.8 million USD, an increase of 155% over the same period last year. The export value of pangasius to Iraq in the third quarter of 2024 alone was 30% higher than the cumulative pangasius export in the whole year of 2022 to this market.
In the third quarter of 2024, exports of Vietnamese pangasius products to this Middle Eastern country reached nearly 5 million USD, an increase of 111% compared to the third quarter of 2023. Accumulated Pangasius export The first 9 months of 2024 continuously recorded positive growth of 2-3 digits, reaching 11 million USD, an increase of 127% over the same period last year and nearly 1.5 times higher than the total export value of pangasius to Iraq in the whole year of 2023.
Unlike most of Vietnam's pangasius import markets, Iraq mainly consumes dried fish products and other frozen products (whole, cut into pieces, etc.). Exports of this product in the first 3 quarters of this year to Iraq reached 8 million USD, an increase of 245% over the same period last year, accounting for 73% of the proportion, mainly due to the increase in the third quarter of 2024. Exports of frozen pangasius fillets to Iraq in the first 9 months of this year reached nearly 3 million USD, an increase of 19% over the same period in 2023, accounting for 27% of the total export of pangasius products to this country.
Iraq is a major market and traditional trading partner of Vietnam. Although it is one of the world's largest oil exporters, the country has a very "modest" aquaculture industry. The main freshwater fish species are various species of the genus Barbus and carp, caught from Iraqi national waters and from the Persian Gulf by Iraq's small domestic fleet, most of the catfish are caught in lakes, rivers and streams, and fish farms (mainly supplying various carp). Iraq does not have an industrial fish processing industry and most of the fish are consumed fresh in the domestic market. Fishing contributes only a small part to the GDP of this Middle Eastern country.
Despite the geographical distance and the tensions of the ongoing conflicts in Iraq, this country still increases its imports of pangasius products from Vietnam.
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