Vietnamese canned tuna accounts for the largest proportion of tuna exports to the EU

Published 2024년 1월 17일

Tridge summary

Canned tuna exports from Vietnam to the EU increased steadily after the restart of tariff preferential quotas under the EVFTA, with export turnover at one point increasing by three digits compared to the previous year. The top three import markets for Vietnam's canned tuna in the EU are Germany, the Netherlands, and Italy, with exports to all three countries increasing in 2023, especially Italy with a 456% increase compared to 2022. The increase in EU imports of Vietnam's canned tuna is attributed to the high average import price of canned tuna products within the EU, as well as a drought in the Panama Canal hindering Ecuadorian tuna exports to the EU.

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

Original content

According to statistics of Vietnam Customs, after declining in the first month of the year, canned tuna exports to the EU have grown continuously for many months afterwards, when tariff preferential quotas under the Free Trade Agreement between the EU and Vietnam (EVFTA) were restarted. At one point, export turnover increased to 3 digits compared to the same period the previous year. At the end of the year, after the tariff preferential quota was used up, canned tuna exports to this market bloc slowed down and decreased in some months. Vietnam's tuna products have been exported to 22 countries in the EU. In particular, Germany, the Netherlands and Italy are the 3 largest import markets for Vietnam’s canned tuna. In 2023, canned tuna exports to all 3 countries above increased, especially Italy with an increase of 456% compared to 2022. According to enterprises, the increase in EU ...

Source: Vasep