By the first half of October 2019, the total value of pangasius exports to Malaysia reached US$ 34.18 million, up 23.6% over the same period in 2018. Currently, Malaysia is the second largest pangasius importer of Vietnamese exporters in ASEAN.
Earlier this year, the value of Vietnam’s pangasius exports to Malaysia increased very positively. As an emerging potential market in the region – Malaysia, however, is considered as a stable market with high demand.
In the first 10 months of 2019, only in June and August 2019, pangasius export value to Malaysia decreased compared to the same period in 2018. Exports in other months achieved positive growth.
Malaysia has the borderline with Thailand, Indonesia and Brunei and shares the maritime boundary with the Philippines and Vietnam. The country also focuses on fishing and aquaculture. Fishery is considered as one of the nation’s important economic sectors in food production.