Singapore prominent on the picture of pangasius exports to ASEAN

Up to July, 2020, the total of exporting pangasius value to the ASEAN market reached 73.1 million USD, decreased 32.4$ compared with the same period of the last year. In which, exporting value to the 3 largest single markets of Thailand decreased by 33.2%, Singapore increased 3.3%, Malaysia decreased by 31.3% compared with last year. In which, Singapore is prominent in the picture of pangasius exports to this market.

If in the first quarter of 2020, exporting pangasius of Vietnam to ASEAN was still slightly decreased, it was deeper declined in the second quarter because the epidemic affected not only a few countries as Malaysia, Indonesia or the Philippines. Singapore has been hit hard by the increasing number of cases.

If earlier this year, Thailand is the largest pangasius export market in the block, get 41% of the total export value to all block, up to the second quarter of 2020, the export value to Thailand is strongly reduced, this country is only accounting for 13% on the total export pangasius value to ASEAN. Singapore turns into the largest pangasius import market of the region in the three months of the second quarter in 2020, accounting for 44.8% of the total value of Vietnamese pangasius exports to ASEAN in this quarter.

In quarter 2/2020, when most of the export value to ASEAN and EU markets decreased, export to Singapore increased by 38.5% to nearly 13 million USD. By the middle of July 2020, export value to the Singapore market reached nearly 21 million USD, up 3.3% over the same period last year.

There is about 50 export pangasius enterprises that participated in export to ASEAN in the second quarter of 2020, in which, almost 40 enterprises export pangasius to Singapore. Three enterprises: Hung Phuc Thinh, IDI CORP, and TG CORP are the companies with the largest value of pangasius export to Singapore during this period.

In this time, Vietnam exports some hot products such as frozen fillet pangasius dried pangasius bubbles; frozen pangasius fillet; frozen pangasius fillet, tempura pangasius fillet, frozen cooked pangasius… to the Singapore market.

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