Vietnam's tra fish exports to continue to rise in the second half of 2024

Vietnam's tra fish exports reached a high of over 80,000 tons in May, marking the third consecutive month of growth, primarily driven by high demand from China. Exports to China and Hong Kong saw a 20% year-on-year increase, while other markets like ASEAN, Mexico, and the UK also experienced significant growth. However, exports to the US decreased by 1% year-on-year. Despite the increase in export volume, the average export price fell by 18% year-on-year. Experts predict that tra fish exports will continue to grow in the second half of the year due to increased demand, but low export prices are posing a challenge. Tra fish export companies are encouraged to improve product quality, diversify markets, and reduce production costs.

In May this year, Vietnam's exports of tra fish reached more than 80,000 tons, the highest level since 2022, and maintained a growth trend for the third consecutive month, mainly due to high demand from China. In May, Vietnam's tra fish exports to China and Hong Kong, China continued to rise, up 20% year-on-year. In addition, exports to other markets such as ASEAN, Mexico, and the United Kingdom also increased significantly, but to the United States fell by 1% year-on-year. The strong recovery of the Chinese market, strong demand and stable prices have helped promote Vietnam's tra fish exports in the second half of this year. In May, Vietnam's exports of tra fish to China and Hong Kong, China exceeded 29,000 tons, the highest export volume since February last year. Despite the increase in export volume, the average export price fell by 18% year-on-year, and the total export volume showed negative growth. VASEP experts predict that Vietnam's tra fish exports will grow in the ...