According to statistics of Vietnam Customs, by the end of 2021, Russia and Ukraine are two of the 20 largest importers of frozen tuna from Vietnam by value. Russia is currently the 13th largest tuna import market of Vietnam. In 2021, the export value of tuna to Russia will reach more than 14 million USD, accounting for 2% of the total tuna export value of the country. In particular, in January 2022, tuna exports to Russia increased by 427% over the same period. Ukraine is currently the 19th largest tuna import market of Vietnam. In the past 5 years, the export value of tuna has increased continuously. In 2021, export value will increase by 106% compared to 2020.

According to businesses belonging to VASEP, the Russia-Ukraine conflict broke out, some orders that had been exported had to be returned. Currently, tuna exports to the two countries have to be halted due to risks of banking transactions and disruption of supply chains for production and import and export. Businesses are having to monitor the situation to handle inventory or find ways to export to other markets.

Along with the disruption of export supply to Russia and Ukraine, according to VASEP, these two countries are the most important sunflower oil suppliers to the global market, including Vietnam. So, if the conflict continues to escalate, the price of most of the vegetable oils used to prepare tuna will rise to all-time highs, pushing up the cost of producing canned, bagged tuna. according to.

According to Tien Phong