Hanoi (VNA) 💟- Tra fish exports recorded impressive growth in the first 10 months of 2022, with turnover eclipsing the 2.2 billion USD mark.
The yearly export turnover is forecast to top 2.5 billion USD, up 58% compared to that of the same period last year.
According to businesses, in 2022, global inflation and the Russia-Ukraine conflict have sharply increased the export of affordable white fish products such as tra fish. The import value of tra fish products from Vietnam have increased by 40-200% this year.
At present, the two biggest importers of Vietnamese tra fish are China and the US, accounting for 30% and 23% of the Southeast Asian country’s total export volume, respectively. In the January-October period, the value of tra fish exports to China reported a year-on-year rise of 110% to 647 million USD.
Tra fish processing for export (Photo: VNA)
Those two members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and several Asian, North, and South American markets such as Australia, Singapore, Malaysia, Canada, and Chile also recorded impressive growth. Notably, the export to Canada posted a fourfold increase compared to that of the same period last year.
At present, Vietnam has over 400 businesses engaged in the export of tra fish, most of them have reported growth over the same period last year, mainly thanks to increases in export prices.
Tra fish exporters are advised to continue their negotiations to expand their markets, and take advantage of opportunities brought about by free trade agreements (FTAs) to boost exports and promote brand./.
The members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) constitute a potential market for the export of tra fish, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Tra fish exports to member countries of the Association of Southeast Asian Nations (ASEAN) have been rising sharply, and this market is forecast to surpass the European Union in terms of catfish imports from Vietnam in the near future, the Cong Thuong (Industry & Trade) newspaper reported.
Vietnam's aquatic product exports reached 900 million USD in October, lifting the country’s total export turnover in the first ten months of 2022 to 9.39 billion USD, a sharp increase of 32.7% compared to the same period of 2021.
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Tra fish processing for export (Photo: VNA)
Tra fish processing for export (Photo: VNA)
