Tridge summary
Vietnam's tuna exports experienced a slowdown in July 2022, with a 32% increase over the same period in 2021, reaching over 85 million USD. The total tuna export turnover from January to July 2022 was 638 million USD, a 52% increase from the same period in 2021. However, high tuna input prices and fluctuating exchange rates have posed challenges. The export value to the US decelerated nearly half compared to the previous month, while exports to the EU increased by 16%. Exports to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) markets were volatile, with increased exports to Canada and Japan, and decreased exports to Mexico and Chile. The ban on fish lure devices in the Midwest Pacific region and inflation in other countries are expected to further restrain Vietnam's tuna exports in the later months of 2022.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Vietnam tuna exports slowed down in July. Vietnam’s tuna exports in July 2022 slowed down with an export value of more than 85 million USD, up 32% over the same period in 2021. This figure brought the total tuna export turnover in the first 7 months of 2022 to reach 638 million USD, up 52% over the same period in 2021. According to statistics of Vietnam Customs, the value of tuna exports to markets in July has many fluctuations. The impact of high input prices of tuna and exchange rate fluctuations in the world market have made tuna exports face many difficulties. Exports to the US “decelerate” Tuna export turnover to the US continued to grow in July but decreased by nearly half compared to the previous month. Specifically, the export value to this market in July reached 38 million USD, up 34% compared to July 2021. This contributed to bring the total export value in the first 7 months of the year to nearly 339 million USD, up 86% over the same period in 2021. High inflation ...
Source: Fish Focus
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