The United States is Vietnam's second largest market for tra fish

Published Aug 12, 2024

Tridge summary

The article highlights a significant growth in the export of tra fish to the United States, with the cumulative export value for the first half of the year reaching nearly 160 million US dollars, marking a 14% increase from the previous year. April saw the highest export value of the year, with a 34% year-on-year increase, and in June, imports of frozen tra fish fillets surged by 20% compared to the same month in 2023. Vietnamese tra fish products have experienced a 13% increase in sales, contributing to 98% of the market, and the added value of these exports has seen a 7-fold increase. The United States is the second-largest market for tra fish after China and Hong Kong. The demand for white fish, especially tra fish from Vietnam, is on the rise, and the average export price to the U.S. has also increased, reaching 2.99 USD/kg in June 2024, the highest since the beginning of the year.

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

Original content

In the first half of this year, the cumulative export value of tra fish to the United States was nearly 160 million US dollars, an increase of 14% year-on-year. Among them, April became the month with the highest export value of tra fish since the beginning of this year, with an export value of nearly 38 million US dollars, an increase of 34% year-on-year. In June 2024, the United States imported more than 26 million US dollars of frozen tra fish fillets from Vietnam, an increase of 20% from June 2023. In the first half of this year, the market's sales of this product exceeded 156 million US dollars, an increase of 13% year-on-year, accounting for 98%. Some Vietnamese tra fish products that are popular with American consumers include: frozen tra fish fillets, frozen tra fish blocks/cuts, frozen breaded fish, and fried tra fish skin. It is worth noting that in the first six months of 2024, the added value of tra fish exports to the United States also increased significantly, ...

Source: Foodmate