The push into these two regions, according to the Vietnam Association of Seafood Exporters and Producers (VASEP), is expected to continue its upward trend.

Pangasius exports to the CPTPP reached US$305 million in the first 10 months of this year, up 36% year-on-year, accounting for 17% of total pangasius exports.

Meanwhile, exports to the EU reached US$149 million, a 3% increase compared to the same period last year.

“If the industry takes full advantage of tariff preferences and market diversification, the pangasius sector has the opportunity to maintain its recovery and achieve sustainable growth in 2026,” VASEP stated.

Vietnam’s pangasius exports reached US$217 million last month, marking an 8% increase year-on-year.

The cumulative export value surpassed US$1.8 billion for the first 10 months, up 9% compared to the same period last year.

Frozen pangasius fillet exports (HS code 0304) reached nearly US$1.5 billion in the first 10 months of this year, an 11% growth compared to last year.

Frozen, dried, and whole pangasius exports (excluding HS code 0304) reached US$315 million, up just 0.1%.

Notably, processed pangasius products reached US$44 million, a growth of 19% compared to the same period, accounting for 2.4% of the total export value.

VASEP assessed that, after a slowdown in Q3, Vietnam’s pangasius exports showed positive signals in some major markets last month, while others remained stagnant due to stockpiles and the holiday import cycle.

Specifically, exports to mainland China and Hong Kong (China) reached US$73 million, up 19% over last year.

After stagnating in September, this market resumed its growth, indicating a clear recovery in demand from China, especially in the year-end period, according to VASEP.

For the US, October export value reached US$29 million, down 17% year-on-year. In Brazil, after a decrease in September, exports turned around and grew slightly last month, reaching US$15 million.

Meanwhile, the UK market continued its downward trend, dropping 33% compared to the same period, with October export value at US$4 million.

VASEP forecasted that some major markets might continue to decline in Q4 as demand had not fully recovered.

The most important driving force for the end of the year and into next year was the POR20 results in the US, which would allow businesses to benefit from a 0% anti-dumping duty, significantly improving the confidence of US importers, it said.

However, the 20% reciprocal tariff still impacts profit margins, requiring businesses to continue expanding into other markets.

The 12 member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United Kingdom and Vietnam. These countries form one of the world's largest free trade agreements, accounting for approximately 15% of global GDP.

Vietnam’s pangasius exports climb to over US$1.2 billion in seven months

VOV.VN - Vietnam earned more than US$1.2 billion from pangasius (tra fish) exports in the first seven months of the year, an 11% increase year on year, according to Vietnam Customs.