Tridge summary
The Vietnam Association of Seafood Exporters and Producers (VASEP) has reported a significant growth of 87% in Vietnam's tuna exports to Chile in 2023, with processed and canned tuna exports increasing by 192%. Factors contributing to this growth include Chile's low inflation rate, less stringent quality demands compared to other markets such as the US, Japan, and EU countries, and the Free Trade Agreement between Chile and Vietnam, which provides a competitive advantage to Vietnamese tuna businesses.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The Vietnam Association of Seafood Exporters and Producers (VASEP) said that Chile is one of the few tuna export markets of Vietnam that maintains good growth in 2023. Vietnam's tuna export turnover South to Chile reached nearly 16 million USD, an increase of 87% last year. Chile is currently the 13th largest market among 109 places importing Vietnamese tuna. Among Vietnam's export products to Chile, the group of processed and canned tuna tends to increase sharply, at 192% compared to the previous year. Fresh, frozen and dried tuna products also increased but at a slower rate, about 46%. According to VASEP, inflation in Chile is low compared to the general context in many countries. In the second half of 2023, the country's consumer price index decreased continuously. These are driving consumption in Chile, including demand for tuna. Besides, the Chilean market is not as demanding on product quality as the US, Japan, and European Union (EU) countries, creating great advantages for ...
Source: VNExpress
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