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Vietnam: Strong demand to fuel tra fish exports in the second quarter

Updated May 7, 2022
ABO/NDO - The Vietnam Association of Seafood Exporters and Producers (VASEP) has forecast a bright future for the tra fish industry this year on the back of strong demand from major markets including the US, Europe and Asian countries. Tra fish exports surged nearly 90 percent year-on-year in the first quarter of 2022 and accounts for about 27 percent of the country's total seafood shipments. Most major markets have seen double- or triple-digit growth in tra fish imports from Vietnam.
By the end of March, exports to the US exceeded over $160 million, up 123 percent from a year earlier, according to VASEP. The association attributed the sharp increase to strong demand for food caused by record inflation, supply chain disruptions, and the Russia-Ukraine crisis. Tra fish sales to Europe reached 46.7 million USD during the period, a year-on-year spike of 86.2 percent. The highest growth was seen in exports to Belgium (120 percent), followed by Germany (97 percent), the Netherlands (86 percent) and Spain (67 percent). Shipments to China also bounced back after months of decline due to China’s “Zero-COVID” policy. Vietnam exported 183.4 million USD worth of tra fish to China from January to March, up 163 percent year-on-year. Malaysia’s tra fish imports from Vietnam rose by 138 percent to hit 7.45 million USD by mid-March as a result of recovering demand. It is likely that tra fish exports will maintain a high growth rate in the second quarter of this year ...
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