Tra fish nets impressive export growth
Tra fish processing for export (Photo: 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./.
Related News

US or China: Who will lead in Vietnamese Tra fish imports?
10:11 | 11/02/2025 Import-Export

Seafood exports soar to new heights in the third quarter
09:29 | 15/10/2024 Import-Export

Good news for Vietnam’s tra fish exports to US
14:40 | 22/09/2023 Import-Export

Tra fish by-products to become huge money earner: Experts
13:50 | 12/04/2023 Import-Export
Latest News

Embracing green exports: a pathway to enter global supply chains
10:33 | 20/02/2025 Import-Export

New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises
10:32 | 20/02/2025 Import-Export

Việt Nam’s durian exports to China plummet by 80%
16:18 | 19/02/2025 Import-Export

Coconut exports reach 14-year high
15:29 | 18/02/2025 Import-Export
More News

Shrimp exports grow in the first month of 2025
15:28 | 18/02/2025 Import-Export

Rice export prices drop, but decline expected to be short-term
08:10 | 17/02/2025 Import-Export

Key agro products expected to maintain export growth this year
08:08 | 17/02/2025 Import-Export

EU issues 12 warnings against Việt Nam’s food and agricultural exports
08:07 | 17/02/2025 Import-Export

Việt Nam to impose VAT on low-value express-imported goods
08:06 | 17/02/2025 Import-Export

Exchange rate risks need attention in near future
16:31 | 15/02/2025 Import-Export

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month
16:30 | 15/02/2025 Import-Export

Import and export turnover reaches about US$29 billion in the second half of January 2025
14:52 | 14/02/2025 Import-Export

Market edges up slightly as liquidity remains low
14:48 | 14/02/2025 Import-Export
Your care

Embracing green exports: a pathway to enter global supply chains
10:33 | 20/02/2025 Import-Export

New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises
10:32 | 20/02/2025 Import-Export

Việt Nam’s durian exports to China plummet by 80%
16:18 | 19/02/2025 Import-Export

Coconut exports reach 14-year high
15:29 | 18/02/2025 Import-Export

Shrimp exports grow in the first month of 2025
15:28 | 18/02/2025 Import-Export