Business

Tra fish export value hits 1.2 billion USD in 10 months

Vietnam earned 1.2 billion USD from exporting Tra (Pangasius) fish as of October this year, reported the Vietnam Pangasius Association (VPA).
Tra fish export value hits 1.2 billion USD in 10 months ảnh 1A processing line of pangasius for export (Photo: VNA)

Hanoi (VNA) – Vietnam earned 1.2 billionUSD from exporting Tra (Pangasius) fish as of October this year, reported theVietnam Pangasius Association (VPA).

The figure is expected to hit 1.5-1.6 billion USD for the whole year,down nearly 30 percent year-on-year, VPA said.

About 1 million tonnes of Tra fish were harvested for processing in the last 11months. The country’s Tra fish production in 2020 is forecast to reach 1.1 – 1.15million tonnes, 10 percent lower than that of last year.

The Mekong Delta localities of An Giang, Dong Thap, Ben Tre and Can Tho are theleading localities in supplying Tra fish for export, accounting for over 90percent of the total export volume.

According to the VPA, 2021 will see the recoveryof the global pangasius market as the COVID-19 pandemic is gradually put undercontrol.

China is the largest importer of Vietnamese Tra fish products with a 35 percent marketshare, followed by the US with 15 percent, and the European Union (EU) and ASEANmarkets, with nearly 10 percent each.

Vietnam’s Tra fish export to China and the US is predicted to see good growth inthe time to come./.

VNA
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