Jan-May tra fish exports up

The Saigon Times | Tue, Jul 5, 2016 02:17:06 PM Share this on

Vietnam exported US$650.3 million worth of tra (pangasius) fish in the first five months of this year, a 5.5% year-on-year rise, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The U.S. remained Vietnam’s biggest importer of tra fish in the period with US$152 million, rising by 12.9% over the same period last year and accounting for 23.4% of the total. Meanwhile, exports to China edged up 72.7% to US$94.9 million and shipments to Brazil reached US$32.8 million, leaping 118.3% year-on-year.

Local tra fish firms saw the U.S.’s anti-dumping duties and catfish inspections as barriers to tra fish exports to the choosy market.

The U.S. Department of Commerce (DOC) publicized the final results of the eleventh Period of Administrative Review (POR11) for tra and basa fish products imported from Vietnam from August 1, 2013 to July 31, 2014 in end-March.

Accordingly, two compulsory defendants are imposed an anti-dumping duty of US$0.41 and US$0.97 per kilo respectively while 14 voluntary defendants are subject to a duty of US$0.69 per kilo. No anti-dumping duties are slapped on Vinh Hoan and Bien Dong companies as they actively took part in relevant inspections.

In the year to May, tra fish exports to Europe had declined 8.1% to US$109.3 million. Particularly, exports to the U.K. and the Netherlands fell by 3.4% and 20.8% respectively while shipments to Germany rose by 1.8% and Spain by 1.9%.

Source: The Saigon Times