Vietnam's canned tuna exports grow rapidly

Published 2024년 6월 12일

Tridge summary

Vietnam has experienced a significant surge in canned tuna exports in the first four months of 2024, with a 51% increase compared to the same period in 2023. This growth is attributed to consumer demand for affordable products during a period of high inflation and interest rates. Vietnam exports to over 65 markets, with the United States, the European Union, and Israel being the primary importers. Exports to the EU, particularly to Germany, Poland, and the Netherlands, have benefited from the EU-Vietnam Trade Agreement (EVFTA) and its preferential tariffs. The exports are facilitated by more than 140 Vietnamese companies, with the top five being Vietnam Tuna, Mariso Vietnam, Yueh Chyang Canned Food, AHFISHCO, and Highland Dragon.

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

Original content

Entering 2024, Vietnam's canned tuna exports have grown faster every month. In the first four months of 2024 alone, Vietnam's exports of this product group increased by 51% compared with the same period in 2023. After facing record high inflation and interest rates, consumers tend to tighten their spending. Therefore, the demand for cheap products such as canned tuna has increased. Currently, Vietnamese canned tuna products have been sold to more than 65 markets. Among them, the United States, the European Union and Israel are the three major import markets. Exports to these markets have all grown at a higher rate, reaching 88%, 35% and 141% respectively. Especially in the EU market, exports to EU countries Canned tuna exports mostly increased. Germany, Poland and the Netherlands are the three main markets that import this product group from Vietnam. In particular, imports from Germany and Poland increased, while those from the Netherlands tended to decrease. Enjoying the ...

Source: Foodmate