In the first half of March 2024, Vietnam’s export of pangasius to Canada reached 2.3 million USD, a 7% increase compared to the same period last year. As of March 15, 2024, Canada had imported over 8 million USD worth of Vietnamese pangasius, marking a 43% increase compared to the same period in 2023.
Canada continues to be the second-largest market in the CPTPP bloc for consuming Vietnamese pagasius,, accounting for 20% of the total value of imports from Vietnam within this bloc.
According to the International Trade Centre (ITC), in January 2024, Canada imported over 900 tons of pangasius from Vietnam, valued at 2 million USD, which represented a 10% decrease in value but a 28% increase in volume compared to the same period last year. In 2023, Vietnam was a major source of white fish supply (mainly pangasius) to Canada, with over 9,000 tons valued at nearly 31 million USD.
Canada imports pangasius from various sources such as China, Thailand, and Indonesia. Pangasius also competes with many other types of fish in the market, especially frozen cod fillets HS code 030363 and fresh or chilled tilapia HS code 030271
In 2023, Canada imported nearly 12,000 tons of frozen cod fillets HS code 030363, valued nearly 30 million USD from around the world, followed by frozen pangasius fillets HS code 030462 with over 8,000 tons valued at over 23 million USD, frozen haddock fillets HS code 030472 with over 5,300 tons valued at 30 million USD, and frozen cod fillets HS code 030471 with over 5,000 tons valued at 43 million USD.
VFM
