Business

Tra fish exports surge in seven months

The export turnover of tra fish soared 19.5 percent to 1.18 billion USD in the first seven months of 2018, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Tra fish exports surge in seven months ảnh 1Processing tra fish for exports (Photo: VNA)

Hanoi (VNA) – The export turnover oftra fish soared 19.5 percent to 1.18 billion USD in the first seven months of2018, according to the Vietnam Association of Seafood Exporters and Producers(VASEP).

In July alone, the country exported 182 millionUSD worth of tra fish, representing a year-on-year rise of 13.5 percent.

Major consumers of Vietnamese tra fish includeChina, the US, the European Union (EU), the Association of Southeast AsianNations (ASEAN), Mexico, Brazil, Colombia, and the United Arab Emirates (UAE).

High export growth was seen in the UAE (up 133.5percent), China (up 45.2 percent) and ASEAN (up 36.5 percent).

China remained the biggest importer ofVietnamese tra fish with 290 million USD, up 45.2 percent year-on-year, makingup 24.7 percent of the total export turnover for this product.

The US came second with 250 million USD (up 11.5percent) followed by the EU with 137.5 million USD (up 15.3 percent),accounting for 20.4 percent and 11.7 percent of the total figure, respectively.

Notably, the UAE surpassed Saudi Arabia to beamong top 8 importers of Vietnamese tra fish with 32.5 million USD, recording aconsiderable growth of 133.5 percent.

In 2017, the UAE was the third largest importerof Vietnamese tra fish in the Middle East market with a value of 23 millionUSD, down 13.2 percent compared to the previous year. 

However, Vietnam’s tra fish exports to the UAEreversed with a sharp upturn in export value in the first months of this year,with increases shooting up by between 117-221 percent a month since March.  

The strong growth was attributed to the SaudiFood & Drug Authority (SFDA)’s decision to suspend imports of fish,crustacean and other aquatic products from Vietnam.

The temporary suspension was based on the WorldOrganization for Animal Health (OIE)’s "Quarterly Aquatic Animal DiseaseReport (Asia-Pacific Region) April - June 2017", and the outcomes of theworking visit to Vietnam by SFDA in late 2017.

Vietnam is the world’s largest exporter of trafish, making up more than half of the global tra fish output. 

There is increasing demand for Vietnamese trafish in Russia, the Middle East, and Asian countries.-VNA
VNA
#tra fish #exports #increase #seven months #Vietnam Association of Seafood Exporters and Producers #China #the US #the European Union (EU) #the Association of Southeast Asian Nations (ASEAN) #Mexico #Brazil #Colombia #the United Arab Emirates (UAE) #growth #vietnamplus #Vietnam News Agency Vietnam
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