Vietnam’s tuna exports to Peru double

Published 2023년 4월 27일

Tridge summary

Vietnam's tuna exports experienced a significant surge in 2022, with a 139% increase compared to the previous year, reaching a 10-year high of $6.4 million. This growth trend continued into the early months of 2023, with exports valued at over $2.2 million in the first two months, marking a 123% increase from the same period in 2022. The country's exports consist mainly of processed and canned tuna products. In 2022, Vietnam surpassed China to become the fourth-largest tuna supplier to Peru, benefiting from Peruvian market opportunities due to that country's tuna industry challenges caused by La Nina and political instability.

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Original content

According to statistics of Vietnam Customs, Vietnam's tuna exports in 2022 reached $6.4 million, up 139% compared to 2021, the highest level in the past 10 years. This growth trend continues in the first months of 2023, the export value in the first 2 months of the year reached more than 2.2 million USD, up 123% over the same period in 2022. Vietnam is exporting mainly processed and canned tuna products to this market. In the Peruvian market, Vietnam from the 5th largest tuna supplier in 2021 has surpassed China to become the 4th largest supplier In 2022, La Nina, a weather pattern that occurs in the Pacific Ocean. In this pattern, strong winds blow warm water at the ocean’s surface from South America to Indonesia. As the warm water moves west, cold water from the deep rises to the surface near the coast of South America. This phenomenon negatively affects Peru’s tuna industry, causing tuna catch to decrease and costs to increase significantly. In addition, ...

Source: Vasep