HS Code:
The Fresh-water Fish category (HS Code: 0302) includes fish that are fresh or chilled, excluding fish fillets and other fish meat. This category encompasses a wide variety of species such as trout, carp, catfish, and tilapia, which are primarily sourced from inland waters or aquaculture. Freshwater fish play a significant role in global food security, providing a vital source of protein, especially in developing regions. The trade of freshwater fish is influenced by factors such as aquaculture production capacity, environmental regulations, and consumer demand for sustainable and healthy food options.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
8.5%
Highest Rate
20% (applied by certain South Asian countries)
Lowest Rate
0% (under free trade agreements such as EU-FTA or ASEAN)
Rising demand for sustainably sourced fish
Increased certification requirements and higher production costs for exporters, but also premium pricing in markets like the EU and North America
2021-2022
Growth in aquaculture production
Countries like China and Vietnam have boosted exports due to advancements in fish farming, reducing reliance on wild-caught fish
2020-2022
Impact of climate change on freshwater ecosystems
Erratic weather patterns and water scarcity have disrupted supply in some regions, leading to price volatility
2019-2022
The European Union introduced stricter regulations on antibiotic residues in imported freshwater fish, mandating additional testing and certification.
March 2023
Increased compliance costs for exporters from developing countries, potentially reducing trade volume to the EU in the short term.
Vietnam announced a USD 500 million investment in sustainable aquaculture projects to boost freshwater fish production, focusing on catfish and tilapia.
June 2023
Expected to solidify Vietnam's position as a leading exporter, potentially increasing global supply and stabilizing prices.
A new phase of trade negotiations between the US and China included reduced tariffs on certain freshwater fish products to promote bilateral trade.
September 2023
Likely to increase Chinese exports to the US, benefiting American consumers with lower prices and greater variety.