Vietnamplus

Vietnam’s tra fish exports to the US is expecting a better outlook in the remaining months of this year after getting some good news.

Tra fish exports have been struggling this year, however, according to the Vietnam Association of Seafood Exporters and Processors (VASEP), several of the country’s smaller markets are posting healthy growth.

The US Food Safety and Inspection Service (FSIS) recently conducted a thorough review of the food hygiene and safety management system pertaining to Vietnamese tra fish exports to the US, according to Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

Tra fish exports are expected to recover shortly with China gradually reopening its borders.

Thanks to better input material supply and the application of a closed production process, tra fish industry is expected to overcome difficulties and become profitable again in the third quarter of this year, according to analysts.

Despite experiencing a sharp decline in the last quarter of 2022 and the first month of 2023, tra fish (pangasius) exports still see bright outlook this year, according to insiders.

A surge of 87% was seen in tra fish exports to ASEAN markets in the first 11 months of this year to 183 million USD, accounting for about 8% of total export revenue of the product in the period.

Tra fish exports have posted the strongest growth among fishery products so far this year, while the biggest revenue was recorded in shrimp shipments, according to the Vietnam Association of Seafood Exporters and Producers.

Tra fish exports have posted the strongest growth among fishery products so far this year while the biggest revenue was recorded in shrimp shipments, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Tra fish exports recorded impressive growth in the first 10 months of 2022, with turnover eclipsing the 2.2 billion USD mark.

China is expected to stay the largest export market for Vietnamese pangasius this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam raked in 9.5 billion USD from exporting aquatic products in the first 10 months of 2022, up 34% year-on-year, the Vietnam Association of Seafood Exporters and Producers (VASEP) reported.

Tra fish exports to member countries of the Association of Southeast Asian Nations (ASEAN) have been rising sharply, and this market is forecast to surpass the European Union in terms of catfish imports from Vietnam in the near future, the Cong Thuong (Industry & Trade) newspaper reported.

The members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) constitute a potential market for the export of tra fish, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The Mekong Delta province of Dong Thap expects to earn over 980 million USD from tra fish exports by 2025, according to a provincial development plan.

According to the Vietnam Association of Seafood Exporters and Producers, Mexico has risen from the fourth in 2021 to become the 3rd largest tra fish export market of Vietnam, only after China and the US.

Mexico has risen from the fourth in 2021 to become the 3rd largest tra fish export market of Vietnam, only after China and the US.

Enterprises in the fisheries sector are facing an export slowdown after strong shipments in the first months of 2022, which may subsequently affect their growth in the time ahead.

Vietnam’s tra fish export increased by 83.2% in the first half of this year, the highest growth rate among fishery products. Of note, Tra fish exports to the UK increased six-fold in the first half of this year.

The Vietnam Association of Seafood Exporters and Producers (VASEP) is optimistic about tra fish exports this year with a substantial demand recovery in import markets.