Tra fish exports record strong recovery in early 2022
According to a report of the Vietnam Association of Seafood Exporters and Producers, in the first two months, pangasius exports increased sharply to 384 million USD, up 93% over the same period last year.
According to the Vietnam Association of Seafood Exporters and Producers, Vietnam’s seafood exports in February 2022 continued to spike by 62% reaching 635 million USD.
As a result, accumulated in the first 2 months of the year reached 1.5 billion USD, up 51% year on year. Specialty, pangasius exports increased most, reaching 171 million USD, equivalent to 127%. Accumulated in the first 2 months of the year, Vietnam’s pangasius earned 384 million USD, up 93%.
Vietnam’s rice exports boomed since mid-March due to rising demand for food in the global market, which subsequently leads to higher prices and revenue for local companies.
In addition, four major import markets of Vietnam’s catfish, such as the US, China, EU, and Asia have also registered greater demand for Vietnam’s seafood.
Vice General Secretary of the Vietnam Association of Seafood Exporters and Producers To Thi Tuong Lan expected Vietnam’s exports of catfish to rise by 20-25% against last year, and prices of these products to increase 5%. Lan estimated a high growth in demand from key markets, including China (31%), the US (23%), CPTPPP (13%), and the EU (6.6%).
