Vietnam's tuna exports are interrupted due to the conflict between Russia and Ukraine

Published 2022년 3월 8일

Tridge summary

The article highlights the significant impact of Russia's military campaign in Ukraine on the global tuna market, with a focus on Vietnam's production and export activities. Russia and Ukraine are among the top 20 importers of Vietnamese tuna by value. The value of Vietnam's tuna exports to Russia has grown from 364 thousand USD in 2012 to over 14 million USD in 2021, and to Ukraine, it has increased from 115 thousand USD in 2012 to 6.8 million in 2021. However, the conflict has led to the return of exported orders and the halt of tuna export transactions to both countries, disrupting supply chains and potentially increasing production costs due to higher sunflower oil prices and rising fuel costs, which could result in a significant decrease in Vietnam's tuna exports in the coming months.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Russia's military campaign in Ukraine is having a comprehensive and profound impact on the world tuna market, affecting production and export activities. countries, including Vietnam. According to statistics of Vietnam Customs, by the end of 2021, Russia and Ukraine are two of the 20 largest importers of Vietnamese tuna by value. Both these countries are importing a lot of frozen tuna from Vietnam. According to the analysis of Ms. Nguyen Ha, tuna market expert of VASEP, for the Russian market, the 13th largest tuna import market of Vietnam, the value of Vietnam's tuna exports to this market in In the past 10 years, it has increased from 364 thousand USD in 2012 to more than 14 million USD in 2021, an increase of more than 39 times. Although in the past 5 years, the export value of tuna to this market has not been stable, but it is on an uptrend and recovering well after the pandemic. The value of ...
Source: Vinanet

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