Vietnam has become the world's fifth largest tuna exporter

Published 2024년 6월 20일

Tridge summary

Vietnam's tuna exports have experienced substantial growth, with notable increases in canned tuna (41%), other processed tuna (12%), frozen meat and fillets (7%), and fresh, frozen, and dried tuna exports nearly tripling. The US and EU markets were significant contributors, accounting for 37% and 23% of total exports, with respective increases of 22% and 36%. Exports to Israel, Russia, and South Korea also saw significant rises. However, economic growth in the US and EU slowed in May due to the EU's exhaustion of preferential tariff quotas. Over 50% of the export value is derived from imported raw materials, indicating instability in domestic fisheries. Addressing these issues could enable Vietnam's tuna industry to reach billion-dollar exports by 2024.

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

Original content

Exports of canned tuna products grew by 41%, exports of other types of processed tuna by 12%, frozen meat and tuna fillets by 7%, and exports of fresh, frozen and dried tuna almost tripled. The US and EU markets accounted for 37% and 23% of total exports, with corresponding increases of 22% and 36%. Exports to Israel, Russia and South Korea also increased significantly. However, economic growth in the US and EU slowed in May as the EU faced problems due to the exhaustion of preferential tariff quotas. More than 50% of the value of ...

Source: Fishretail