Strong growth recorded in tra fish exports to ASEAN markets
A surge of 87% was seen in tra fish exports to ASEAN markets in the first 11 months of this year to US$183 million, accounting for about 8% of total export revenue of the product in the period.
The Vietnam Association of Seafood Exporters and Producers (VASEP) reported that more than 45% of ASEAN's total tra fish imports came from the Thai market, with nearly US$83 million.
Thailand was followed by Singapore, Malaysia and the Philippines with a rise of 50-93% year on year.
According to VASEP, compared to other regions, the ASEAN has seen a stronger growth with less impact from inflation in 2022.
Experts held that the ASEAN will continue to be an attractive market for Vietnamese tra fish thanks to advantages in close geographical distance, fewer logistics risks, and preferential tariffs under free trade agreements that Vietnam has signed with members of the group.
According to the Ministry of Agriculture and Rural Development, fishery exports reeled in US$10.14 billion as of November this year, up 27% annually. Of the sum, tra fish and shrimp contributed US$2.2 billion and US$4.1 billion, up nearly 62% and 14.6% year-on-year, respectively.