Export of Vietnamese canned tuna to the US went up

Published 2020년 6월 5일

Tridge summary

The Covid-19 pandemic has negatively impacted Vietnam's tuna exports, with a 16% decrease in value by the end of April 2020 compared to the same period in 2019. The exports have not shown signs of recovery, but there are positive signals from markets like Japan and Egypt. Vietnam's tuna exports to the US and EU have declined, but there has been a signs of growth in canned tuna exports to these markets. Demand for canned tuna has increased in the US and EU due to the pandemic. Vietnam is also trying to expand its tuna exports to new markets. Despite the challenges, the price of raw tuna is higher than the previous year and higher than other regions, which is difficult for businesses. The world tuna market is expected to continue to fluctuate due to the pandemic.

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

Original content

(seafood.vasep.com.vn) The Covid-19 pandemic continues to affect Vietnam's tuna exports to markets. By the end of April 2020, Vietnam's total tuna export value reached US $ 196 million, down 16% compared to the same period in 2019. So far, Vietnam's tuna exports to markets have not been signs of recovery. However, there are also some good signals from import markets such as Japan and Egypt. Tuna exporters are also trying to expand exports to new markets to offset the falling in traditional markets. According to statistics of the Vietnam Customs, in April 2020, Vietnam's tuna exports to the US market still declined by 36% compared to the same period in 2019. At the US market, although being impacted by the Covid-19 pandemic, the demand for canned tuna in this market has increased. This has caused Vietnam's canned tuna exports to the US after a long period of continuous reversing, showing signs of growth, up 2% over the same period in 2019. According to the statistics of the ...

Source: Vasep