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First 2 months of the year: Vietnam exports tuna to 80 markets

First 2 months of the year: Vietnam exports tuna to 80 markets

Ha Linh

Ha Linh

In the first 2 months of the year, tuna exports reached more than 131 million USD, an increase of 21%. Notably, tuna exports to many markets are increasing rapidly.
The Middle East is Vietnam's 4th largest tuna export marketTaking advantage of the EVFTA Agreement, tuna exports to the EU increased rapidlyExports of fresh, frozen and dried tuna to the EU market increased 317 times

Information from the Vietnam Association of Seafood Exporters and Producers (VASEP) said that in February 2024, Vietnam's tuna exports could not maintain the same growth momentum as in the first month of the year when they decreased by 11% compared to the same period last year. period, reaching nearly 52 million USD. However, cumulatively in the first 2 months of the year, tuna exports reached more than 131 million USD, an increase of 21%.

According to statistics from Vietnam Customs, by the end of February, Vietnam's exports of all tuna product groups increased over the same period (except frozen tuna meat/loin code HS03034 and steamed tuna loin Frozen). In particular, the export of canned tuna products increased sharply by 53%. The proportion of canned tuna exports in Vietnam's total tuna export turnover is also increasing.

Exports of fresh, frozen and dried tuna to the EU market increased 317 times
Tuna exports to the CPTPP market increased rapidly

Looking at the tuna export market, Ms. Nguyen Ha - Tuna market expert of VASEP said that this year, Vietnamese tuna export enterprises have made efforts to expand the market right from the beginning of the year. In the past 2 months, tuna products have been exported to more than 80 markets, compared to 70 markets last year.

Tuna exports to markets such as the US and EU have declined, but the remaining market blocks have seen high growth. Typically, in the CPTPP market block, tuna exports are continuing to grow. Notably in this market block, tuna exports to Canada and Chile are increasing rapidly with increases of 146% and 116% respectively.

Forecasting the prospects of the tuna export market in the near future, VASEP believes that tuna exports are still in a difficult period because the IUU yellow card issue makes it difficult to confirm and certify exported seafood. to the EU stalled. This causes businesses lacking domestic raw materials and having difficulty with imported raw materials.

Ha Linh