Vietnam: Tuna exports to the US and EU can reach 1 billion USD

Published 2022년 10월 20일

Tridge summary

Vietnam's tuna exports in September 2022 saw a 54% increase from the previous year, reaching over 78 million USD. The cumulative tuna exports from January to September reached nearly 808 million USD, a 55% increase from the same period in 2021. Despite a decrease in freight rates and increasing inflation reducing import demand, the tuna market in Vietnam is expected to hit 1 billion USD soon. The US is the largest market for Vietnam's tuna exports, followed by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union (EU). Belgium and Germany have seen a significant increase in tuna imports from Vietnam. Dragon Waves, Bidifisco, and Havuco are the leading tuna exporters in the country.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Specifically, according to VASEP, in September 2022, tuna exports reached more than 78 million USD, up 54% over the same period in 2021. Accumulated in the first 9 months of 2022, Vietnam's tuna exports reached nearly 808 million USD, up 55% over the same period in 2021. Thus, tuna exports continued to grow over the same period. Currently, freight rates have decreased much, but inflation continues to increase, reducing import demand, and Vietnam's tuna exports to major markets in September have slowed down. Tuna market expert of VASEP said that the US continues to be the largest tuna export market for Vietnam with sales in September reaching over US$31 million, up 33% over the same period in 2022, low 14% more than the previous August. Tuna exports to CPTPP in September continued to increase by 95% over the same period, reaching nearly 11 million USD, but 32% lower than the previous month. Meanwhile, exports to the EU in September reached nearly 18 million USD, up 64% over the ...

Source: Danviet