Vietnam's tra fish exports to CPTPP market are improving

Published 2024년 7월 16일

Tridge summary

The report by the Vietnam Association of Exporters and Processors of Seafood Products (VASEP) forecasts a recovery and growth in tra fish exports in 2024, driven by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) markets. The CPTPP has contributed significantly to Vietnam's tra fish exports, with a 15% share of the total, reaching nearly $89 million in the first five months of the year. Mexico is the largest importer of Vietnamese tra fish in the CPTPP markets. The association emphasizes the importance of the CPTPP for the growth of Tra fish and Vietnamese fisheries, and anticipates continued growth in exports to these markets in the second half of 2024.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the report of Vietnam Association of Exporters and Processors of Seafood Products (VASEP), due to the gradual decline in inventory, the recovery of tra fish exports in CPTPP and some markets in 2024 has been seen. The CPTPP market mainly imports frozen tra fish fillets from Vietnam. According to data from the General Department of Customs, in the first five months of this year, Vietnam's tra fish exports to the CPTPP market reached nearly 89 million US dollars, a year-on-year increase of 6%, accounting for 15% of Vietnam's total tra fish exports. As of June 15, Vietnam's tra fish exports to the CPTPP market reached 114 million US dollars, a year-on-year increase of 10%. Mexico is the largest export market for Vietnamese tra fish, with an export value of 31 million US dollars, a year-on-year increase of 7%. It is followed by Japan, with an export value of 18 million US dollars, a year-on-year increase of 35%; to Canada The export value to the market was US$18 million, ...

Source: Foodmate