Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


Image: Vasep / riba.spb.ru / FIS

Vietnamese Pangasius Exports to Russia After Two Years of War

Click on the flag for more information about Viet Nam VIET NAM
Tuesday, June 25, 2024, 07:00 (GMT + 9)

According to data from the International Trade Center (ITC), since 2012, Vietnam has remained the second largest supplier of white fish to Russia after Argentina.

At the end of February 2022, Vietnamese seafood in Russia, including pangasius, must compete more strongly with a number of other suppliers such as China, India, and Bangladesh when this country increases trade due to the effects of the conflict. The Russia-Ukraine conflict affects world shipping and trade settlement processes. China and Russia share a common border, so it is understandable that Russia depends more on this supplier, instead of choosing other sources of supply that go through maritime areas affected by war.

Source: Vasep

However, 2 years after the Russia-Ukraine conflict occurred, despite implementing the policy of increasing exports and reducing imports, for pangasius, Vietnam is still the number 1 supplier in Russia. According to Vietnam Customs data, in May 2024, Vietnamese pangasius exports to Russia recorded an increase of 6.5 times compared to the same period in 2023. By the end of May 2024, cumulative Vietnamese pangasius exports to Russia reached more than 8 million USD, up 35% over the same period last year.

Unlike other markets, Russia almost does not import VAT pangasius products, but focuses more on dried pangasius and other frozen products and frozen pangasius fillets from Vietnam.

Source: Sbermarket -->

Exports of dried pangasius and other frozen products (HS code 03, except pangasius code HS 0304) to Russia in the first 5 months of this year recorded an increase of 77% over the same period last year. However, Russia's demand for this product is unstable as it continuously increases and decreases. Typically, in May 2024, this country recorded a growth of 8.5 times compared to May 2023 and an increase of 3 times. times compared to the previous month, while April 2024 just witnessed negative growth of 35% compared to the same period in 2023.

Frozen pangasius fillets are still the main product Vietnam exports to Russia, accounting for 80% of the proportion in the first 5 months of this year. In May 2024, exports of frozen pangasius fillets to this market reached more than 2 million USD, an increase of 6.5 times compared to the same period last year. This is also the highest value of frozen pangasius fillet exports to Russia since the beginning of this year.

Top 5 Vietnamese enterprises exporting pangasius to Russia include: Que Ky, Nam Viet, Hung Ca, Tran Han, Van Y, with main products: frozen pangasius fillets HS code 03046200, whole pangasius cut into butterflies frozen HS code 03032400, frozen cut pangasius fillets HS code 03046200,...

Cumulatively for the first 5 months of the years, from 2021 to 2024, Vietnamese pangasius exports to Russia decreased from 17 million USD in the first 5 months of 2021 to 8 million USD in the first 5 months of this year. The war has had a significant impact on pangasius export activities to this market. However, compared to the same period last year, Vietnamese pangasius exports to Russia in the first 5 months of this year have shown positive signs of recovery.

President Vladimir Putin paid a state visit to Vietnam in the last days of June, right at the time the two countries celebrated the 30th anniversary of signing the Treaty on the Basic Principles of Friendly Relations between Vietnam and Russian Federation. This event has important significance, further deepening the comprehensive strategic partnership between Vietnam and Russia in all fields and raising the level in the new situation, especially in the context of the two countries' ongoing efforts to Realizing the Joint Declaration on the vision of the Comprehensive Strategic Partnership until 2030, while opening up new opportunities for export trade, including exporting pangasius to Russia.

Author: Thu Hang | Vasep (Translated from the original in Vietnamese) 

[email protected]
www.seafood.media


 Print


Click to know how to advertise in FIS
MORE NEWS
Russian Federation
Jul 18, 07:00 (GMT + 9):
Salmon Season 2024 Gains Momentum
Viet Nam
Jul 18, 07:00 (GMT + 9):
Vietnam Exports Frozen Tuna Meat/Loins to Spain
Worldwide
Jul 18, 07:00 (GMT + 9):
Globefish report on the global crab market
Worldwide
Jul 18, 07:00 (GMT + 9):
Globefish report on the global squid market
United Kingdom
Jul 18, 01:00 (GMT + 9):
Time to put tasty Scottish ‘silver darlings’ on the menu
Argentina
Jul 18, 01:00 (GMT + 9):
Buenos Aires Anchovy: A Healthy Fishery with No Significant Discards
Peru
Jul 18, 01:00 (GMT + 9):
PRODUCE Raises Maximum Jack Mackerel Catch Quota to 204,000 Tons for 2024
Viet Nam
Jul 17, 07:40 (GMT + 9):
Vietnamese Pangasius Exports to UAE Continue to Grow Significantly
United States
Jul 17, 07:00 (GMT + 9):
U.S. Gulf of Mexico Shrimp Fishery Achieves RFM Certification
Spain
Jul 17, 07:00 (GMT + 9):
Spanish and EU Government Leaders Discuss Current State of Fishing Agreements with Third Countries in Las Palmas
Worldwide
Jul 17, 07:00 (GMT + 9):
Globefish report on the global octopus market
Oman
Jul 17, 06:50 (GMT + 9):
RAS technology: The Future of Oman Aquaculture
France
Jul 17, 05:00 (GMT + 9):
IN BRIEF - Espromer continues to set sail for the sea
South Korea
Jul 17, 04:00 (GMT + 9):
IN BRIEF - Frozen Cod Imports Down 64% by June 2024
South Korea
Jul 17, 03:00 (GMT + 9):
IN BRIEF - Cumulative Imports of Frozen Squid Tube Decrease by 61% in June



Lenguaje
FEATURED EVENTS
  
TOP STORIES
A global perspective on fisheries bycatch solutions
New Zealand Many of you will know Rosa Edwards, one of Seafood New Zealand’s inshore fisheries managers and our Inshore Protected Species Programme Lead. Recently, courtesy of the Australian-based Minderoo ...
FAO: sustainable fishing for world nutrition
Peru Yesterday, the 36th Meeting of the Committee on Fisheries (COFI) of the Food and Agriculture Organization of the United Nations (FAO) concluded in Rome.   The Committee is unique in regularly p...
Ecuador's Shrimp Exports Hit New Record
Ecuador According to the Cámara Nacional de Acuacultura de Ecuador, this country exported 124,896 tons of shrimp in May 2024, worth 602 million USD. In the first 5 months of 2024, Ecuador exp...
Vietnamese Pangasius Exports to UAE Continue to Grow Significantly
Viet Nam The United Arab Emirates is one of the customers consuming a lot of Vietnamese pangasius. Vietnam is also the largest source of pangasius in this market, accounting for 40 - 50% of the market share in...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER