Tuna exports from Vietnam to the US and EU are vibrant again

Published 2021년 6월 25일

Tridge summary

Vietnam's tuna exports experienced a significant surge in May, with a 48% increase compared to the same month in the previous year, totaling $66 million. From January to May, tuna exports reached $292 million, marking a 21% increase year-over-year. The Association of Seafood Exporters and Producers (VASEP) reported that 88 markets around the world showed an open market for Vietnamese tuna, with notable growth in the US and EU. The US saw a 22% increase in tuna exports, driven by vaccinations and economic stimulus, while the EU's tuna imports from Vietnam surged by 75% due to the Europe-Vietnam Free Trade Agreement (EVFTA). Additionally, exports of various tuna products, including frozen, canned, and processed, experienced growth, with the highest increase in frozen tuna at 44%. However, the demand for canned tuna has decreased due to high inventory, leading to a slowdown in the growth rate of Vietnam's canned tuna exports.

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

Original content

According to the Association of Seafood Exporters and Producers (VASEP), Vietnam's tuna exports continued to grow well in May reaching $66 million, up 48% compared to May 2020. Accumulating 5 months, tuna exports reached nearly 292 million USD, up 21% over the same period in 2020. VASEP said that Vietnam's tuna export market in May was more open with 88 markets in the world. Tuna exports to major markets all increased over the same period, especially in the US and EU. The two major markets that dominate Vietnam's tuna exports continue to have good and stable growth rates. In the US, the expanded vaccination and economic stimulus package of the US Government are the driving force for the demand for seafood consumption, including tuna, to recover not only in the food service and restaurant segments. , hotels, but also in the retail segment. Vietnam's tuna exports to the US market have grown continuously in the past 3 months. By the end of May, tuna exports to this market reached ...

Source: Vietnambiz