Tra fish export to UAE jumps 67 per cent in Q1

April 23, 2024 - 11:26

The Việt Nam Association of Seafood Processors and Exporters said the UAE mainly exported frozen fillets from Việt Nam, accounting for around 93 per cent of the country’s tra fish export to this market.

Tra fish fillets packed for export at Sao Mai Group. There is significant room to expand tra fish export to the UAE, given this market’s rising income and rapid urbanisation. — VNA/VNS Photo Vũ Sinh

HÀ NỘI — Việt Nam’s tra fish export to the United Arab Emirates (UAE) reached more than US$7 million in the first quarter of this year, a rise of 67 per cent against the same period last year, statistics of the General Department of Customs showed.

Tra fish export to the UAE increased impressively in January by 2.5 times to reach $4 million before a slowdown of 31 per cent in February.

In March, Việt Nam exported tra fish to this market worth more than $2 million.

The UAE is a net importer of seafood products and around 90 per cent of all food consumed in the UAE is imported.

According to the Food and Agriculture Organisation of the United Nations (FAO), the UAE consumes around 220,000 tonnes of seafood products each year with a per capita consumption volume of 28.6 kilos, higher than the global average.

The association said that there is significant room to expand tra fish export to the UAE, given this market’s rising income and rapid urbanisation. The UAE Central Bank has lifted its forecast for the UAE economic growth rate to 5.7 per cent from 4.3 per cent.

Each year, Việt Nam exports about 22,000-24,000 tonnes of seafood products to the UAE, worth around $50-70 million.

Frozen tra fish fillet is the most popular export product of Việt Nam to the UAE.

Việt Nam’s tra fish export was estimated at $1.8 billion in 2023 and expected to reach $2 billion this year. — VNS

Tags tra fish export brazil vasep the United Arab Emirates UAE

Good news for Việt Nam’s tra fish exports to US

In early September, the US Department of Commerce (DOC) lowered anti-dumping duties on frozen tra fish filets from Việt Nam following its latest preliminary conclusion.

Society

Đồng Tháp Province seeks to set quality bar high for its tra fish

Đồng Tháp Province is encouraging aquaculture and tra fish fry breeding farms to develop linkages between themselves to improve output and value.

Kiên Giang posts 21.26% increase in exports over first four months

Economy

Vietnamese pomelo to be exported to Australia

Economy

Hải Dương to hold conference promoting Thanh Hà lychee

Economy

Automobile industry reported strong sales in Q1

Economy

TAR shares delisted from May 21

Economy

Eugene Keith Galbraith, former BCA senior executive on board to help Techcombank deepen customers’ trust

More on this story

Economy

Việt Nam - an enticing destination for foreign investors: IMF expert

Việt Nam is an attractive destination for foreign investors thanks to its high, stable growth, large domestic market and young, well-educated human resources, said Paulo Medas, head of the International Monetary Fund (IMF) team to Việt Nam at the Annual Meetings of the IMF and the World Bank Group (WB) held recently in the US.

Economy

Apparel enterprises concern over business difficulties in Q2, despite rising orders in Q1

Policies on unemployment and social insurance have also created challenges in the labour market with a rise in minimum wage which raises input costs, but product prices have not increased.

Economy

Capital shortage - headache for construction firms

Amid the current difficult context, 46.4 per cent of enterprises called on capital supports such as preferential loans, more convenient and faster loan procedures, and reduced lending interest rates.

Economy

Bình Thuận exhibition in HCM City promotes specialties

An exhibition event for Bình Thuận specialities is being held in District 1 to introduce the province’s regional specialties and OCOP products to HCM City locals and businesses.

Economy

MBBank targets profit growth of 6-8% this year

The bank's leadership is striving to achieve a profit of VNĐ30 trillion (US$1.2 billion), leveraging MB's large customer base.

Economy

Solutions being implemented to ensure power supply for coming dry season

The National Centre for Hydro-Meteorological Forecasting predicts that heat will come earlier this year which might weigh on the electricity supply system, especially of the Northern region, as overall demand for electricity is rising.

Economy

Banks propose raising small loan cap to VNĐ400 million

Banks suggested raising the value limit for small loans, especially credit cards and overdrafts, because borrowers of such loans are meeting consumer needs so it is difficult for them to have adequate and accurate reports to prove feasible capital use plans.

Economy

THACO accelerates investment, to hire nearly 15,000 staff

To meet its management and production and business needs, THACO will recruit 14,746 employees, taking its payroll to 65,520 by the end of this year.

Economy

Việt Nam becomes a fastest growing digital economy in ASEAN.

Việt Nam has been the fastest growing digital economy in ASEAN in 2022, 2023 and expected to maintain this position until 2025, with the forecast of smartphones users reaching 67.3 million by 2026, accounting for 96.9 per cent internet users, according to Google, Temasek, Bain & Company and Insider Intelligence.