Tridge summary
Vietnam has seen a decline in tuna exports to most markets in January 2023 due to inflation and economic recession. However, exports of processed tuna products, excluding those under HS16 code, primarily frozen steamed tuna loin, increased by 25% from the same period in 2022. These products are the second largest group of exported tuna products. The growth is driven by promotions to key markets, with Israel seeing a 2,283% increase and becoming the second largest import market. Other markets like Peru, Canada, Thailand, Korea, Italy, Mexico, and Chile also show increased imports. The global market price of whole tuna has not decreased, and the preferential tariff quotas are being used up, which is expected to further boost the exports of processed tuna products other than HS16 code in the first quarter of 2023.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to Ms. Nguyen Ha, tuna expert of the Vietnam Association of Seafood Exporters and Producers, inflation and economic recession are causing the export of most of Vietnam's tuna product groups to markets this month. 1/2023 fell sharply. However, the export of processed tuna products other than HS16 code, mainly frozen steamed tuna loin, increased by 25% over the same period in 2022 and became the second largest group of exported tuna products of Vietnam. Male. According to statistics of Vietnam Customs, Vietnam's exports of processed tuna products other than HS16 code have tended to grow continuously from August 2022 until now. This growth is due to the promotion of other processed tuna exports to key markets. The top 10 other processed tuna export markets of Vietnam in the first month of this year accounted for 93% of the total export value of this product group. In the context that exports to main import markets such as the US, Japan, Egypt and Australia in January 2023 ...
Source: Haiquanonline
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