Vietnam's tuna exports are expected to grow by 20 percent in the first half of the year

Published 2024년 6월 19일

Tridge summary

Vietnam's tuna exports are expected to hit $456.8 million in the first half of the year, marking a 20% increase from the previous year, largely due to higher shipments of canned, bagged, and frozen tuna. The US and EU remain the top markets, with exports to these regions rising by 30% and 37%, respectively. Despite becoming the world's fifth-largest tuna exporter in 2023, the industry faces challenges such as raw material shortages and regulatory issues. The Vietnam Association of Seafood Exporters and Producers is urging government support to address these challenges and enhance the digital monitoring system for fishing activities.

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

Original content

Shipments of canned tuna products, bagged tuna and frozen loin/fillet increased by 44 per cent, 24 per cent, and 7 per cent. Tuna exports are projected to reach US$456.8 million in the first half of the year, a year-on-year increase of 20 per cent, according to the Việt Nam Association of Seafood Exporters and Producers. After decreasing in 2023, exports rose by 22 per cent in the first five months of the year to US$388 million. Shipments of canned tuna products, bagged tuna and frozen loin/fillet increased by 44 per cent, 24 per cent, and 7 per cent. Exports of frozen whole tuna nearly tripled. Exports to most markets increased, with those to the US and EU, the two largest, rising by 30 per cent and 37 per cent and accounting for 37 per cent and 22 per cent of total exports. Exports to Israel, Russia and South Korea rose by 64 per cent, 58 per cent and 66 per cent. Speaking at the association’s annual general conference in HCM City on June 10, Cao Thị Kim Lan, director of the ...

Source: WTOCenter