HCMC – Trade prospects for the Vietnamese tra fish export sector in the U.S. look bright following the positive outcome of the 19th administrative review of anti-dumping duty on frozen fish fillets imported from Vietnam (POR19).
The Federal Register on September 7 released the preliminary results of POR19, which assesses anti-dumping duty on frozen tra fish fillets which Vietnam exported to the U.S. between August 1, 2021 and July 31, 2022. These results showed favorable tariff reductions for exporters in Vietnam.
Vinh Hoan Corporation now enjoys a zero duty while others will benefit from a lower rate of US$0.14 per kilogram. These companies include Can Tho Import Export Seafood JSC, International Development & Investment Corporation, Cafatex Corporation, Loc Kim Chi Seafood JSC, and Hung Vuong JSC.
China is currently Vietnam’s top tra fish market, and the U.S. is also a major market, accounting for around 22% of Vietnam’s total tra fish exports since 2019.
However, the first half of 2023 has been tough for Vietnamese tra fish exports to the U.S. due to inflation and global economic uncertainties.
As of August 15, Vietnamese tra fish shipped to the U.S. had reached US$169 million, a steep fall of 59% compared to the same period in 2022.
