As of 15th Oct 2017, Vietnam’s pangasius exports to Brazil totaled US$79.6 million, up 66.2% over the same period last year. This is considered as one of the potential importing markets of Vietnam with the good growth. In particular, in September 2017, exports to the market hit US$6.73 million, up 103.3% over the same period last year. Sales to the market reached the highest growth in the first three quarters of this year.
According to the ITC statistics, in the first nine months of 2017, as the import volume of whitefish products, including pangasius, into Brazil grew strongly, Vietnam surpassed Argentina to become the biggest supplier to Brazil with total value of US$125.6 million.
In addition, Brazil also imports some whitefish items from China, Portugal, Chile and Peru.
In the first three quarters of 2017, Brazil mainly imported frozen hake fillets (HS code 030474) and frozen hake (HS code 030366) from Argentina; Alaska pollock (HS code 030475); frozen hake fillets (HS code 030474) and frozen cod fillets (HS code 030471) from China as well as cod fillets and frozen whole cod (HS code 030363 and 030471) from Portugal.
In QIV/2017, Vietnam’s pangasius exports to Brazil expected to increase by 25-50% over the same period last year. Currently, high quality pangasius products remain popular to Brazilian customers.
Source: VASEP
