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In 2018, pangasius export to the US market reached USD 549.4 million, up 59.5% over the same period last year.
Pangasius exports to the US saw positive growth
(VIET NAM, 4/9/2019)
In 2018, pangasius exports to the US market reached USD 549.4 million, up 59.5 per centover the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
In August 2018, pangasius exports to the US reached the peak export of the year with the value of nearly USD 66 millionexceeding the exports to China USD 23.2 million, up 256 per cent compared to August 2017. In the following months in the fourth quarter, pangasius exports to the US continued to grow at a high level from 92 to 152 per cent compared to the same period last year.
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With a steady increase and bigger growth, up to the end of October 2018, the US market has returned to the No. 1 position of Vietnam pangasius exports.
According to VASEP, there were three major factors promoting catfish exports to the US market in 2018.
First of all, the US Department of Commerce (DOC) issued a preliminary conclusion of the 14th anti-dumping tax review (POR14) for the period from August 1, 2016 to July 31, 2017 for Vietnamese  tra and basa fish products exported to the US market. These taxes were much lower than the final result of the POR13 review of USD 3.87/ kg. Secondly, the fact that FSIS recognized Vietnam's catfish control system equivalently to that same system in the US.
Finally, the trade tensions between China and US were also the third opportunity for Vietnamese pangasius to gain market share from Tilapia into a big importer such as the US.
Currently, Vietnamese pangasius export enterprises continue to wait for the results of the US official recognition of Vietnam 's export of Siluriformes fish and fish products into this market.
editorial@seafood.media
www.seafood.media
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