Tra fish exports plunge during nine-month period
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the total export value of Vietnamese tra fish, also known as pangasius, suffered a drop of 8.5 per cent to US$1.46 billion during the reviewed period.
September alone saw the export value of tra fish continue to drop by 14.6 per cent, of which exports to markets such as the US, EU, Brazil, Mexico, and Colombia plunged.
Most notably, during the nine-month period, tra fish exports to the US market fell by 43.6 per cent to US$208 million, accounting for 14.3 per cent of the total value.
This fall represents the largest decline seen in the US market over the past five years, with tra fish exports to the market expected to endure an increasing fall during the fourth quarter.
Exports of the fish product to major markets such as Mexico, Brazil, and Colombia have been continuously decreasing since the beginning of the year.
With these trends, it is anticipated that the export value of the product to these markets will experience negative growth during the remaining months of the year.
With regard to the ASEAN market, after recording positive growth for half a year, the growth rate has started to become sluggish. As of the end of September, the export value of tra fish to the ASEAN market reached US$147 million, an annual increase of 1.4 per cent.
In contrast, the export value to the Chinese market saw an upward trend, accounting for 30.9 per cent of the total export value during the reviewed period with US$450.7 million, up 19.6 per cent on-year.
Related News
Tra fish exports predicted to recover from third quarter
16:28 | 13/03/2023 Import-Export
Bright prospect for tra fish exports in 2023
15:29 | 16/02/2023 Import-Export
Over 90% of Tra fish on sale in US are from Vietnam
18:00 | 18/12/2022 Import-Export
Vietnam’s tra fish export value expected to reach 2.4 billion USD this year
15:31 | 16/12/2022 Import-Export
Latest News
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
More News
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export
HCM City’s industrial production index down 0.9% in Q1
14:47 | 04/04/2023 Import-Export
Fisheries exports estimated at 1.85 billion USD in Q1
14:45 | 04/04/2023 Import-Export
Quang Ninh aims to attract quality FDI inflows
14:43 | 04/04/2023 Import-Export
Exports face many difficulties
13:29 | 04/04/2023 Import-Export
Manufacturing enterprises increase their competitiveness thanks to digital transformation
13:28 | 04/04/2023 Import-Export
32nd Việt Nam Expo promises to boost business linkages
14:19 | 03/04/2023 Import-Export
Prevention of price risks before news that Indonesia increases rice imports in reserve
09:52 | 03/04/2023 Import-Export
Japanese investors highly appreciate Vietnamese property market
17:41 | 02/04/2023 Import-Export
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export