Sales of Vietnamese pangasius to the Chinese market grew strongly

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.

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