Vietnam's tuna exports in July increased 14% year-on-year

Published 2024년 9월 3일

Tridge summary

Vietnamese tuna exports in July saw a decrease of 14% to $16 million, with losses in major markets including the Netherlands, Germany, and Israel, despite growth in exports to Italy and the United States. The decrease is attributed to raw material shortages, leading to increased costs and difficulty competing with countries like the Philippines and Ecuador that enjoy preferential tariffs.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Vietnamese tuna exports to many major markets such as the EU, Israel, Canada, Mexico, etc. declined in July. Tuna exports were worth $16 million, down 14% to $16 million. Although exports to Italy maintained their growth momentum, the growth rate in July dropped sharply from three digits to 18%, and exports to the Netherlands and Germany fell by 46% and 19% respectively. Following the EU, Vietnam's tuna exports to Israel fell by 31% in July after several months of good growth. Vietnam's tuna exports to the United States increased by 17%, with cumulative exports of $206 million in the first half of the year, up 20% year-on-year, while exports to Russia and South Korea increased by 57% and 266% respectively. Due to the shortage ...
Source: Foodmate

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