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Pangasius exports to EU expected to take advantage of EVFTA
November 17, 2020, 11:42 AM
(seafood.vasep.com.vn) As of the first half of August 2020, the total export value of pangasius to the EU reached US$85.55 million, down 34.1% over the same period in 2019. In which, the export value to three single markets: the Netherlands shrunk by 27.5%; Germany down 36.7% and Spain went down by 13.4%. Although the EU has been still the third-largest pangasius export market of Vietnamese seafood enterprises (after China and the US) so far, there has been no sign of recovery in pangasius exports to this market.

Earlier this year, the demand for imports was slow, and the epidemic of Covid-19 just started to impact on the export of pangasius to this market. However, the magnitude of the exacerbations in most other markets became evident from the second quarter of 2020. In the 3 months of the second quarter, the export value to the four largest markets in the EU decreased for two consecutive digits. Trade activities were stalled because many countries were the center of the epidemic, including two major countries: Italy and Spain. Although the demand for food hoarding in many European countries has increased, the retail system and online sales have been better, import and export activities have been delayed due to the interruption of shipping systems and commercial transactions also suspended.

Those are the immediate expectations after the EU countries' trade and seafood business stabilize again. Also at this time, the export of Vietnamese pangasius to the EU is still decreasing, especially after the UK has left the EU. Before that, the UK was one of the potential pangasius export markets of Vietnam in Europe.

Currently, there are more than 30 companies exporting pangasius to the EU market, of which 20 companies exporting pangasius to the main market in the region, the Netherlands. NTSF SEAFOODS, Vinh VINH HOAN CORP, and VINH QUANG are the three companies with the largest pangasius export value to the Netherlands in the first 8 months of 2020.

During this time, Vietnam exported outstanding pangasius products such as Frozen breaded pangasius; frozen pangasius fillets, frozen pangasius slice cut/pieces, frozen marinated pangasius ... to the EU market.

Tax rate on pangasius products imported into the EU under EVFTA

HS code

Description

Basic tax

Roadmap to reduce to 0%

0302 72 00

-- Catfish (Pangasius spp., Silurus spp., Clarias

spp., Ictalurus spp.)

8

B3

0303 24 00

-- Catfish (Pangasius spp., Silurus spp., Clarias

spp., Ictalurus spp.)

8

B3

0304 62 00

-- Catfish (Pangasius spp., Silurus spp., Clarias spp., Ictalurus spp.)

5.5

B3

1604 20 90

--- Of other fish

14

B3

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