VNSEAFOOD Engages with Industry Leaders and Prospects at Singapore Seafood Expo 2024, Showcasing Premium Seafood Products and Exploring New Business Opportunities

VN Seafoods proudly emerged as a standout at Vietfish 2024, setting new benchmarks for quality, innovation, and industry collaboration

Vietnamese pangasius is taking the Mexican seafood market by storm, rapidly becoming a popular choice among consumers. With its firm texture, delicate flavor, and competitive pricing, this versatile white fish has solidified its place as a favorite in Mexican kitchens, driving a significant increase in exports from Vietnam to Mexico in 2024. As trade relations strengthen, Vietnamese pangasius is poised to become an even more dominant player in the global seafood market.

Robust Demand and Strategic Market Positioning Propel Vietnamese Seafood Exports
Positive Outlook for Continued Growth Amid Shifting Global Supply Chains

Strong Demand for Affordable Fish Products Drives Growth
Frozen Fillets Lead Export Surge Despite Economic Challenges

In the first half of 2024, Vietnam has achieved a significant milestone by becoming the fifth largest seafood supplier to Singapore, with exports valued at nearly SGD 51.7 million. This achievement underscores Vietnam's growing influence in the global seafood market and highlights key opportunities for exporters to expand and enhance their market presence.

In May 2024, exports of high-value-added pangasius products with HS code 16 amounted to over 2 million USD, marking a slight decline of 3% compared to May 2023. However, by the end of May 2024, the total exports of these products reached over 13 million USD, reflecting a significant 22% increase over the same period in 2023.

After a period of decline, Vietnam's tuna exports to Spain have seen a significant resurgence, with a marked increase in export values starting from March 2024. This growth has been driven by rising demand for frozen tuna products, positioning Vietnam favorably in a competitive market.

According to data from Vietnam Customs, in the first half of May 2024, Vietnam's pangasius exports to Colombia reached nearly USD 1.6 million, up 140% compared to the same period last year. As of May 15, 2024, cumulative pangasius exports to this market reached USD 16 million, up 34% compared to the same period in 2023.

***Countdown Alert: 1 Month to Vietnam Fisheries International Exhibition 2024! ***

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