Tra fish exports to ASEAN rise by 83%
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Vietnam’s tra fish exports to Southeast Asia exceeded US$152 million in the first nine months of this year, a year-on-year increase of over 83%.
Higher transport costs due to rising fuel prices caused exporters to opt for closer destinations, the Vietnam Association of Seafood Exporters and Producers (VASEP) said, adding that Thailand, Singapore, Malaysia, and the Philippines are the biggest markets for Vietnamese tra fish among the ASEAN nations.
Shipments to Thailand, Singapore, Malaysia, and the Philippines increased by 81%, 56%, 114%, and 92%.
Exports to Laos, Cambodia, Myanmar, and Indonesia rose by two to four times.
ASEAN countries would import more tra fish and become fish and become than the EU soon, VASEP predicted.
Overall tra fish exports were worth nearly US$1.97 billion in the first nine months, up 83.3%, according to the General Department of Vietnam Customs.
Its biggest markets were the U.S., China and the EU.
Questions & Answers
Q.Which specific ASEAN countries are the largest markets for Vietnamese tra fish?
Which specific ASEAN countries are the largest markets for Vietnamese tra fish?
Among the ASEAN nations, Thailand, Singapore, Malaysia, and the Philippines are identified as the biggest markets for Vietnamese tra fish. These countries showed significant increases in shipments during the first nine months of this year.
Q.What was the total value of tra fish exports overall in the first nine months of this year?
What was the total value of tra fish exports overall in the first nine months of this year?
Overall tra fish exports reached nearly US$1.97 billion in the first nine months of this year. This figure represents an 83.3% increase compared to the same period last year, according to customs data.
Q.Why did Vietnamese tra fish exporters focus more on Southeast Asian markets this year?
Why did Vietnamese tra fish exporters focus more on Southeast Asian markets this year?
Exporters opted for closer destinations due to increased transport costs. Rising fuel prices made shipping to farther markets less economical, prompting a shift towards nearby ASEAN countries like Thailand and Singapore.
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