CPTPP holds potential for Vietnam’s tra fish exports | Company

Tra fish processed at IDI International Development and Investment Corporation in Dong Thap province (Photo: VNA)

Hanoi (VNS/VNA) – Members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are a potential market for the export of tra fish, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

VASEP statistics showed that 13% of Vietnam’s total tra fish exports in the first seven months of this year, worth $211.4 million, were consumed in CPTPP member markets, which represents an increase of 73% compared to the same period last year.

In July alone, cross-fish exports to CPTPP member countries grew rapidly by 123% to over $31 million.

With the exception of New Zealand, which did not see a huge increase in tra fish imports from Vietnam, the other CPTPP member markets all saw huge increases.

Notably, tra fish exports to Canada increased fourfold from the same period last year to $40 million, accounting for 2.5% of Vietnam’s total tra fish export value. . About 92% of the tra fish exported to this market was processed.

Trans fish exports to Australia, Singapore, Malaysia and Chile posted triple-digit growth in July, rising from 108% to 166%, compared to the same period last year. Exports to Japan increased by 66% in July.

According VASEPCanada was the market with the highest average price for tra fish among CPTPP member countries, at around USD 3.34 per kilogram in July.

Although Mexico was Vietnam’s largest tra fish export market with sales of US$10.2 million in July and US$72.6 million over the seven-month period, the average price to the export of tra fish to this market was only about 2.8 USD per kilogram.

Australia was also an attractive market for tra fish from Vietnam. exporters with an average import price of 3.26 USD per kilogram in the first half of this year and 3.3 USD in July.

“While seafood exports in general and tra fish in particular to many markets are facing challenges due to fluctuating exchange rates and high transportation costs, CPTPP is less affected,” VASEP said. , adding that the zero import tax under the CPTPP and the consumer’s choice to switch to more affordable fish such as tra fish were factors that helped tra fish exports to CPTPP countries have been increasing since the beginning of this year.

The growth momentum will continue in the remaining months, VASEP./ said.

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