Making news

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).

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

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

According to the VPA, 2021 will see the recovery of the global pangasius market as the COVID-19 pandemic is gradually put under control.

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

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