Tuna exports endure sluggish growth
The export of tuna to the EU fell by 6.3 per cent to nearly US$92 million in the reviewed period. Despite this, exports to the Italian and Spanish markets have risen as the both European nations now represent the two largest import markets of Vietnamese tuna within the EU bloc.
Meanwhile, tuna exports to the Netherlands suffered a drop of 11.5 percent to close to US$15 million in the first eight months of the year.
Aside from a decline in exports to the EU, Israel, and China, tuna exports to Canada also showed signs of decline during August.
In spite of Vietnam’s tuna exports to the ASEAN bloc growing during August, this growth was not enough to compensate for the fall in previous months. As a result, the tuna export value during the first eight months of the year dipped 0.9 per cent to only US$33 million.
Currently, the country's fresh, frozen, and dried tuna exports to the ASEAN market have experienced an upward trend, while canned tuna exports to the regional grouping have endured a downward trend.
Tuna exports to the Japanese market in August remained strong, reaching US$3.2 million, a rise of 48 per cent against the same period last year.
After enjoying growth rate of 31 per cent in August, the country’s tuna exports to the US showed positive signs for the future. As a result, the total tuna export value to the vast market during the eight-month period rose 56 per cent in comparison to last year’s corresponding period.
Frozen tuna fillet makes up the largest proportion of the nation’s total tuna exports to the US at 63 per cent. Despite accounting for a smaller proportion of the market, the export of canned tuna products has significantly increased.
VASEP forecasts that tuna exports will enjoy an average growth rate during the remaining months of the year.
Related News
Fisheries exports estimated at 1.85 billion USD in Q1
14:45 | 04/04/2023 Import-Export
Exports face many difficulties
13:29 | 04/04/2023 Import-Export
Dong Nai Customs: understand the business situation to develop effective support solutions
13:27 | 04/04/2023 Customs
Tuna exporters aiming for smaller markets
15:51 | 27/03/2023 Import-Export
Latest News
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
More News
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export
HCM City’s industrial production index down 0.9% in Q1
14:47 | 04/04/2023 Import-Export
Quang Ninh aims to attract quality FDI inflows
14:43 | 04/04/2023 Import-Export
Manufacturing enterprises increase their competitiveness thanks to digital transformation
13:28 | 04/04/2023 Import-Export
32nd Việt Nam Expo promises to boost business linkages
14:19 | 03/04/2023 Import-Export
Prevention of price risks before news that Indonesia increases rice imports in reserve
09:52 | 03/04/2023 Import-Export
Japanese investors highly appreciate Vietnamese property market
17:41 | 02/04/2023 Import-Export
Seafood enterprises propose to remove obstacles from exporting to the EU
10:34 | 02/04/2023 Import-Export
Need to effectively use tools to prevent exchange rate risks in import and export field
10:32 | 02/04/2023 Import-Export
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export