Imports of tuna from Vietnam to the EU increased by a third
Tuna
Vietnam
Published Nov 10, 2022
Tridge summary
With almost $31 million (€31.7 million) of tuna exports from Vietnam to the EU in September this year, there was an increase of 33% compared to the same period in 2021, which increases tuna exports in the third quarter of 2022 to over 46 million dollars and by 47% compared to the same period in 2021. For Vietnamese exporters, this is an encouraging sign, coming after a slight decline in the second half of the year.
Original content
From January to September 2022, Vietnamese tuna exports to the EU exceeded $123 million, representing a 16% increase over the same period in 2021. The increase in demand for Vietnamese tuna in the EU is due to the approaching holidays at the end of the year and a much lower price, as it enjoys the EVFTA tariff advantage over tuna from other exporting countries. This year, imports from Italy, which has always been one of the main markets for Vietnamese tuna, fell by 70%, as did imports from Spain. On the contrary, Romania (102%), France (155%) and Denmark (305%) recorded an increase in imports. Vietnamese analysts predict that inflation in Europe will continue to grow, as will the consumption of tuna, especially canned. However, the devaluation of the euro against the dollar is ...
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