Vietnamese experts said under the current growth, there lies a possibility that China will replace the United States to become Vietnam’s largest catfish importer in 2017. In the first 10 months of 2016, China spent 235.5 million U.S. dollars on buying Vietnamese catfish, up 76.1 percent year-on-year, accounting for 16.9 percent of Vietnam’s catfish export revenue, local Vietnam Economic Times quoted Vietnam Customs as saying on Tuesday [22 November 2016]…Full Article: ECNS.cn Nov 2016
- Vietnamese catfish exports to the USA are suffering from increased import inspections from US customs and from an anti-dumping duty/tax.
- From 2014 to 2015, mainland Chinese imports of frozen filet catfish increased from 7,996 MTs (US$18.8 million) to 13,569 MTs (US$32.5 million). In 2015, the top importers by volume were Shanghai (44% or 6,031 MTs of mainland imports) and Tianjin (26% of imports).
- From 2014 to 2015, mainland Chinese imports of frozen whole catfish increased from 912 MTs (US$852,631) to 3,251 MTs (US$4.5 million). In 2015, the top importers by volume were Shanghai (42% or 1,329 MTs of mainland imports) and nearby Nanjing (12% of imports).
Hong Kong Trends