Xinhuanet Beijing, November 4th According to statistics

Update:10-11-2018
Summary:

fish

Xinhuanet Beijing, November 4th According to statistics released by the Vietnam Teafish Association, the number of Chinese tea fish imported from China has increased significantly this year, and it has become the third largest export market for Vietnamese tea fish after the United States and the European Union.

According to a report released by the Vietnam Tea and Fish Association, from January to September this year, imports and imports of Vietnamese tea fish (mainly processed iced tea fillets) in mainland China and Hong Kong, China increased by 50% year-on-year. More than %, the import value exceeds 100 million US dollars, accounting for 15% of the Vietnamese tea fish export market, second only to the United States and the European Union.

According to Xinhua International's client, tea fish has always been one of the main products in Vietnam's export of aquatic products, and Vietnam's tea fish exports account for 90% of the international market. However, since the Tilapia production line  beginning of this year, Vietnamese tea fish exports have encountered many unfavorable factors. The United States continues to impose anti-dumping duties on Vietnamese tea fish; the euro has depreciated sharply, and European importers are competing to lower prices, resulting in a decrease in imports from these two major export markets. From January to September this year, the total export value of Vietnamese tea fish was only about 1 billion US dollars, down 9% year-on-year. Among them, exports to the United States were US$208 million, down 1.7%; exports to the EU were US$192 million, a sharp drop of 18.2%.

According to Vietnamese media reports, compared with the difficulties faced by Vietnamese tea fish exports to Europe and the United States, exports to China have experienced “extraordinary” growth this year. China’s share of imports has risen from around 6% to 15%, and there is a growing trend, which has made Vietnamese tea fish farmers and exporters see new business opportunities. People from the Vietnam Tea and Fish Association said that merchants from mainland China and Hong Kong have recently visited Vietnam to inspect local tea fish farming and processing, expressing their desire to continue importing, and hope that Vietnam will provide stable sources of supply.

According to Xinhua International's client, in addition to China, Mexico has now become a new importer of Vietnamese tea fish. According to the Vietnam Aquatic Products Processing and Exporters Association, Vietnam is currently the third largest supplier of aquatic products in Mexico, second only to China and Chile, and Mexico is considered to be a potential export market for Vietnamese tea fish in the next five years. In the Mexican market, Vietnamese tea fish and tilapia from China are highly competitive. Now China's tilapia has a higher market share than Vietnamese tea fish, but the gap between the two sides is gradually narrowing.

At present, the Vietnam Tea Fish Association is helping member companies to use the e-commerce channel to open up the export market, so that foreign merchants can timely understand the culture and processing of Vietnamese tea fish through the Internet, so that buyers and sellers can understand and communicate with each other more efficiently and conveniently.