US becomes Vietnam’s largest tra fish importer
The export of tra fish from Vietnam to the US market has continued its upward trend throughout the year and is predicted to have reached US$2.3 billion during 2018, according to the Vietnam Association of Seafood Exporters and Producers.
Tra fish exports to the highly lucrative market in October increased by 38% compared to last month, while the export value rose by an additional 5.2% in November. The continuous growth has helped the US regain its leading position among the largest export markets for Vietnamese tra fish.
From the end of November, export value of tra fish to the US reached US$494.3 million, accounting for 24.2% of total export value and a 54.6% increase on-year.
According to the General Department of Vietnam Customs, tra fish exports in November remained high at 32%, making US$212 million which brings the total exports over 11 months to more than US$2 billion. This is the first time the export value of tra fish has exceeded the US$2 billion mark.
By the end of November, tra fish export value to China hit US$482.8 million, making up 23.7% of total exports and rising to 29.3% compared to last year’s figure.
China ranked second among the largest export markets for Vietnamese tra fish.
Apart from China, other markets tend to import high value tra fish products with international certificates. Vietnamese tra fish has also witnessed a resurgence in the EU market.
Leave your comment on this story