Strong growth recorded in tra fish exports to ASEAN markets

Illustrative image (Source: congthuong.vn)

Hanoi(VNA) – A surge of 87% was seen in tra fish exports to ASEAN markets in the first11 months of this year to 183 million USD, accounting for about 8% of total exportrevenue 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 83 million USD.

Thailand was followedby Singapore, Malaysia and the Philippines with a rise of 50-93% year on year.

According to VASEP, comparedto other regions, the ASEAN has seen a stronger growth with less impact frominflation in 2022.

Experts held that theASEAN will continue to be an attractive market for Vietnamese tra fish thanksto advantages in close geographical distance, fewer logistics risks, and preferential tariffs under free trade agreements that Vietnam has signed with members of thegroup.

According to the Ministryof Agriculture and Rural Development, fishery exports reeled in 10.14 billionUSD as of November this year, up 27% annually. Of the sum, tra fish and shrimp contributed 2.2 billion USD and 4.1 billion USD, up nearly 62% and 14.6% year-on-year,respectively./.

VNA