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Brazil market offers big opportunities for Vietnamese tra fish

Tra (pangasius) fish exports to Brazil are expected to grow in the last months of 2021 despite facing difficulties due to the COVID-19 pandemic.
Brazil market offers big opportunities for Vietnamese tra fish ảnh 1Illustrative image. (Photo: VNA)

Hanoi (VNA) – Tra (pangasius) fish exports to Brazil are expected to grow in the last months of 2021 despite facing difficulties due to the COVID-19 pandemic.

Vietnam raked in 47.44 million USD from exporting tra fish to Brazil this year to mid-October, representing an increase of over 1.5 times against the sameperiod last year, according to Ta Ha, an expert from Vietnam Association of Seafood Exporters and Producers (VASEP).

TheVASEP representative said the South American country’s demand forfood imports is projected to increase sharply from now until the end of theyear and into next year, creating opportunities for Vietnamese tra fish industry to boost exports to the market.

Statisticsfrom the Brazilian Fisheries Association showed that, in the third quarter of 2021alone, the total import value of aquaculture products increased by 87 percent to 190million USD. Of which, tra fish is one of the two products that saw import increase.

Accordingto the International Trade Center (ITC), in the first nine months of this year, the value of Brazil's import of white-meat fish hiked by 14.5 percent year on year to 121 million USD, with that of Vietnam's tra fish soaring by 41.3 percent to 33 million USD. 

🎃 Nearly 20 Vietnamese enterprises are exporting tra fish products to Brazil, including Southern Fishery Industries in Can Tho and HungCa 6 and Cadovimex II in Dong Thap, with 96 percent of products being frozenfillets./.  

VNA

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