Tra fish exports enjoy robust growth to UK, Singapore
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Despite this slump, both Singapore and the UK represent two rare export markets that have been able to maintain positive growth even during the COVID-19 pandemic.
Most notably, the first half of June saw the export value of pangasius to Singapore, the country’s second largest export market for Tra fish in ASEAN, enjoy a surge of 5.7% to US$18.5 million against the same period last year. Meanwhile, Tra fish exports to the UK market also enjoyed an annual rise of 7.1% to US$28.6 million.
After recording positive growth during the previous three months until May, the export value to China (Hong Kong), the United States, ASEAN, and the EU markets all experienced on-year declines of 11.3%, 51.2%, 57.6%, and 36.2%, respectively.
Pangasius exports to the EU market in the first half of June just raked in US$64.6 million, with the total value to the bloc’s three largest export markets, the Netherlands, Germany, and Spain, decreasing by 32.7%, 37.1%, and 16.7%, respectively.
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