Vietnam expects to earn 600 million USD from tra fish export in the first quarter of the year. (Photo: VNA)Hanoi (VNA) – Vietnam expects to earn 600 million USD from tra fishexport in the first quarter of the year, a year-on-year jump of 35 percent.
Of the figure, exports to the US areestimated at 95 million USD (up 26 percent), China at 125 million USD (up 23.7percent) and the EU at 67 million USD (up 21 percent).
Experts have forecast bright prospects for tra fish exports this year based onrobust market signs.
Last year, tra fish shipments brought home a record of 2.26 billion USD and thefigure is hoped to rise to 2.3 - 2.4 billion USD for 2019.
According to the Vietnam Association of Seafood Exporters and Producers(VASEP), the Food Safety and Inspection Service (FSIS) of the US Department ofAgriculture has proposed that Vietnam, along with Thailand and China, has a catfishinspection system equivalent to those in the US, and thus eligible forexporting the fish to the US.
If approved by the US government, the recognitionwill facilitate Vietnam’s export of tra fish to the market, and will also have positiveimpacts on other markets like the EU and China.
Meanwhile, China’s tilapia shipments to the US have suffered a lot from the escalatingUS-China trade, and this is a good opportunity for Vietnamese exporters toboost shipments of tra fish.
At the same time, demand for tra fish in China remains high, from low-end tohigh-end segments.
In Europe, the market for Vietnamese tra fish is making good recovery, particularlyin western and southern Europe..
As local exporters target to maintain high export price rather than increaseexport volume, they will pay due attention to develop high-quality products,meeting requirements of fastidious markets.-VNA
VNA
