Vietnam to face tough competition from India in tra fish exports
Illustrative image (Source: Internet)
According to figures released by the Department of Agricultural Product Processing and Market Development under the Ministry of Agriculture and Rural Development, the aquatic export value during the first ten months of the year was estimated at US$7.1 billion, down 2.4 per cent compared to the same period last year.
Of this figure, shrimp exports accounted for 38.9 per cent of the total turnover, while tra fish, also known as Pangasius, and tuna exports constituted 23.4 per cent and 8.7 per cent, respectively.
Japan, the United States, China, and the Republic of Korea remain the top four consumers of Vietnamese aquatic products, making up 57 per cent of the aquatic export value.
Meanwhile, China, the United States and Mexico all retained their position as the largest importers of Vietnamese tra fish.
Most notably, the Department of Agricultural Product Processing and Market Development cited forecasts from experts from the 2018 Global Outlook for Aquaculture Leadership Conference stating that India’s tra fish output is likely to rise 8 per cent to 630,000 tons by 2020. Therefore, Vietnam’s pangasius industry is projected to face stiff competition from India in the near future.
According to experts, tra fish farming has developed into an important part of India’s aquaculture industry in recent years. This can largely be attributed to Indian consumers gradually favouring tra fish products imported from Vietnam.
Related News
Vietnam and UAE trade sees billion-dollar growth
07:15 | 03/11/2024 Import-Export
Vietnam's daily import expenditure surpasses VND25,000 billion
09:30 | 31/10/2024 Import-Export
Vietnam - UAE trade grows to billions of dollars
08:55 | 30/10/2024 Import-Export
Launch of the “Proud of 80 years of construction and development of Vietnam Customs” contest
09:08 | 30/10/2024 Customs
Latest News
Vietnam- the Philippines trade reaches nearly US$6.5 billion after 9 months
09:23 | 10/11/2024 Import-Export
Vietnam's pepper exports down in volume, but surge in value
20:25 | 09/11/2024 Import-Export
Vietnam’s e-commerce sector grows 18%
20:24 | 09/11/2024 Import-Export
Vietnam draws new wave of high-value investments: Savills
20:23 | 09/11/2024 Import-Export
More News
Plastic exporters focus on recycling technology transformation
14:24 | 09/11/2024 Import-Export
How is Vietnam-US trade under two Trump elections?
15:19 | 08/11/2024 Import-Export
Investment funds eye Vietnam
15:19 | 08/11/2024 Import-Export
Export turnover of computer, electronic products and components reaches over US$ 55 billion
10:06 | 08/11/2024 Import-Export
Positive outlook for pangasius exports in the final months of the year
10:04 | 08/11/2024 Import-Export
Processing-manufacturing accounts for over 64% of new FDI
15:09 | 07/11/2024 Import-Export
Foreign investment disbursement hits 19.58 bln USD in 10 months
15:08 | 07/11/2024 Import-Export
“Greening” the textile, garment and footwear industry: Motivation from challenges
09:37 | 07/11/2024 Import-Export
Truly comprehensive finance: supporting micro and small enterprises
09:36 | 07/11/2024 Import-Export
Your care
Vietnam- the Philippines trade reaches nearly US$6.5 billion after 9 months
09:23 | 10/11/2024 Import-Export
Vietnam's pepper exports down in volume, but surge in value
20:25 | 09/11/2024 Import-Export
Vietnam’s e-commerce sector grows 18%
20:24 | 09/11/2024 Import-Export
Vietnam draws new wave of high-value investments: Savills
20:23 | 09/11/2024 Import-Export
Plastic exporters focus on recycling technology transformation
14:24 | 09/11/2024 Import-Export