The most popular giant fish among Japanese buyers is one that is plentiful in Vietnam

Published 2022년 2월 10일

Tridge summary

In 2021, Vietnam emerged as the fifth-largest seafood supplier to Japan, exporting 111,000 tons valued at $840 million, with a market share of 7.3%. The country's strength lies in shrimp and tuna, which experienced a 16.5% and 15.9% increase in volume and value respectively. Despite a decline in the third quarter, tuna exports rebounded, generating over $759 million in 2021, a 17% increase from 2020. The US remained the largest importer of Vietnamese tuna. Overall, Vietnam's agricultural and aquatic product exports to Japan reached $1.8 billion in 2021, despite a slight decrease from 2020. The exports included coffee, vegetables, fruits, cashew nuts, and pepper, among other products. However, Vietnamese businesses face the challenge of meeting Japan's strict food hygiene and safety regulations and need to ensure price and supply stability to succeed in the Japanese market.

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

Original content

Statistics of the Japanese Customs agency show that, in the first 10 months of 2021, Vietnam exported 111,000 tons of seafood to Japan, worth $840 million, becoming the fifth largest seafood supplier to Japan. Vietnam's seafood market share in Japan by volume increased slightly from 7.2% in 10 months of 2020 to 7.3% in 10 months of 2021. Shrimp and tuna are the two seafood products most imported by Japan, and these are also Vietnam's strengths. In which, tuna is the most imported product from Japan, reaching 500,000 tons, worth 393.1 billion yen, equivalent to 3.5 billion USD, up 16.5% in volume and 15.9% in value. prices compared to 10 months of 2020. According to Mr. Tran Dinh Luan, Director General of the Directorate of Fisheries (Ministry of Agriculture and Rural Development), Japan is importing many other processed tuna products from Vietnam. At the end of November 2021, within the framework of Prime Minister Pham Minh Chinh's official visit to Japan, Phu Yen province also ...

Source: Danviet