Catfish exports to US decline
If the export growth continues to slow down, Hong Kong and China may replace the US to become key consumers of Vietnam catfish, VASEP forecast.
In last December, exports to the US just reached US$33.2 million, US$1 million lower than the export value got from China.
According to statistics from the Food and Agriculture Organization (FAO), US imports of frozen catfish fillets gradually increased during the first half of 2016 with around 8,000-12,000 tons per month. The import price was US$2.65-3.25 per kilo, but as from August it began to decline to US$2.76 per kilo and even to US$2.6 per kilo in September.
The US Department of Commerce reported that US catfish import value fluctuated last year and hit a record high in February. However, it might be reversed in the same month this year.
VASEP predicted Vietnam catfish exporters would face more challenges and difficulties on the US market this year because of high anti-dumping duties, the US catfish inspection programme and some other trade barriers.
Related News
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
Latest News
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export
More News
More efforts needed to maintain export growth to China: Insiders
13:55 | 23/04/2024 Import-Export
It is expected that there are higher orders and revenue in the second quarter from European businesses
09:31 | 23/04/2024 Import-Export
Vietnamese rice prices on the hike
15:08 | 22/04/2024 Import-Export
FDI flow into garment and textile sector bounces back
15:06 | 22/04/2024 Import-Export
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
Find ways to a corporation for businesses in industrial parks
10:38 | 22/04/2024 Import-Export
Export turnover of two agricultural product groups grows three-digit
18:10 | 21/04/2024 Import-Export
Early warnings reduce risks in trade defense
18:09 | 21/04/2024 Import-Export
Rubber exports are flourishing, promising potential
17:51 | 20/04/2024 Import-Export
Your care
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export