• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

US becomes largest importer of VN’s tra fish in February

VGP - The US surpassed China to become the biggest importer of Vietnamese tra fish in February, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP).

03/18/2020 16:17

Although tra fish exports to most markets last month fell sharply from the same period last year, shipments to the US reached US$18.1 million, accounting for 17.8% of the total.

China's imports of tra fish from Viet Nam have plunged 50% due to Covid-19.

VASEP predicted further growth in the export of this commodity to the North American market despite the COVID-19 pandemic’s impact on the trading of aquatic products.

Meanwhile, exporters will also have great chances in the EU as the EU-Vietnam Free Trade Agreement (EFVTA), recently ratified by the European Parliament and waiting for the Vietnamese National Assembly’s adoption, will slash tariffs on tra fish imports to the market to 0% in the next three years.

However, experts still recommended farmers actively reduce this year’s tra fish output by 10% from 2019 to 1.2 million tons.

Data from VASEP showed that Viet Nam gained US$2 billion from tra fish exports in 2019, down 11.7% year on year. The decline was attributable to difficulties in exports to traditional markets and plunging export prices.

The US imposed antidumping tax on tra fish, and its final decision approving the quality compatibility of Vietnamese tra fish was made later than expected, stated VASEP.

Specifically, Viet Nam’s export value for tra fish to the United States maintained a downward trend for 11 consecutive months in 2019 compared with exports in 2018.

Later, the U.S. Department of Agriculture officially approved the compatibility of Vietnamese tra fish standards with its own late last year. This allowed Vietnamese tra fish to be shipped to more overseas markets.

By Hoang Ha