28 C
Ho Chi Minh City
Wednesday, May 18, 2022

Vietnam’s tra fish exports to major markets bounce back

The Saigon Times

Must read

HCMC – Vietnam has reported a strong rise in tra fish exports to several major markets, including the United States, China and Europe, after the Covid pandemic.

The country’s total tra fish export value amounted to some US$385 million in the first two months of the year, skyrocketing 93.6% year-on-year. The revenue from tra fish shipments to some markets posted three-digit growth, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

As of February, the country’s total value of tra fish exports to the United States had reached over US$94.5 million, up 119.7% year-on-year. In February alone, Vietnam shipped tra fish worth some US$42 million to the market, soaring 167% year-on-year, making the United States the biggest tra fish buyer.

The United States’ imports of Vietnamese tra fish are expected to rise in the first half of the year, the local media reported.

During the two-month period, the country shipped the fish worth US$85.8 million to the China-Hong Kong market, a year-on-year upsurge of 239.6%.

Vietnamese tra fish worth US$52.5 million was exported to the 11 member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in the first two months of the year, up 51.4% year-on-year. The revenue from tra fish exported to Mexico amounted to US$18.3 million, up 23.3%, while the export of the fish to Canada surged by 81.5%.

The VASEP said that if the Covid pandemic was brought under control and the economy recovered, tra fish sales to the CPTPP members would continue to soar in the next two quarters.

The country also saw a year-on-year increase of 76% in the export of tra fish to Europe in the first two months of 2022. Vietnam’s turnover of tra fish exported to the Netherlands reached some US$10 million, jumping by 78.3% year-on-year.

Apart from these main tra fish buyers, the country’s tra fish exports to other potential markets such as Brazil, Thailand, the United Arab Emirates and Britain posted positive growth.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest articles