VINAGRI News - Vietnam’s pangasius exports recorded positive growth in October 2025, reaching $217 million, with cumulative exports surpassing $1.8 billion in the first ten months. While some key markets show recovery, others continue to face downward pressure due to inventory and holiday import cycles.
Summary:
> October 2025 pangasius exports reached $217 million, up 8% YoY; 10-month total exceeded $1.8 billion (+9% YoY).
> China shows strong recovery (+19% YoY in October), U.S. down (-17%), Brazil modestly up (+1%), UK down sharply (-33%).
> Q4 2025 may see continued pressure in some markets due to incomplete demand recovery.
> POR20 review in the U.S. with a 0% anti-dumping rate is expected to boost importer confidence.
> Strategic focus for late 2025 and 2026: expand to CPTPP markets, Middle East, and EU with tariff incentives and improved technical access.
> Industry aims for sustainable growth by leveraging market diversification and preferential trade policies.
Vietnam’s pangasius exports reached $217 million in October 2025, up 8% compared to the same period in 2024. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), total exports for the first ten months exceeded $1.8 billion, marking a 9% increase year-on-year.
VASEP noted that this growth indicates positive momentum for the industry, although some markets continue to experience declines.
Exports to China in October reached $73 million, up 19% year-on-year. After a slowdown in September, the market rebounded, showing a clear recovery in Chinese import demand, especially during the year-end period.
In contrast, exports to the United States fell to $29 million in October, down 17% compared to the same month last year. Brazil posted $15 million in October, up 1% year-on-year, reversing the decline seen in September. Meanwhile, the UK market continued its sharp decline, with exports of $4 million in October, down 33% year-on-year.
After a relatively slow third quarter, October saw encouraging signals for Vietnam’s pangasius exports as some major markets began to show recovery, while others remained stagnant due to inventory accumulation and seasonal import cycles.
VASEP forecasts that in Q4 2025, some major markets may continue to experience a downward trend as demand has not fully recovered.
A key driver for the year-end period and heading into 2026 will be the outcome of the POR20 anti-dumping review in the United States. With a 0% anti-dumping rate applied, U.S. importers’ confidence is expected to improve significantly. However, the 20% countervailing duty still impacts profit margins, prompting Vietnamese exporters to continue diversifying their markets.
The primary strategy for Q4 2025 and 2026 will focus on expanding exports to CPTPP markets (Canada, Mexico, Malaysia, UK) and the Middle East, where Vietnam enjoys tariff incentives and better market access. The EU is also expected to maintain growth due to more flexible technical regulations for aquaculture products, offering opportunities for value-added pangasius products.
By leveraging tariff incentives and diversifying target markets, Vietnam’s pangasius industry has the potential to sustain recovery and achieve stable growth in 2026.
NPK/ Vinagri News
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