Vietnam's tuna exports generated over 1 billion USD in revenue, with the US market accounts for 48%

Published Jan 18, 2023

Tridge summary

Vietnam's tuna exports reached 99 markets in 2022, with 92% of the total export value going to the US, EU, CPTPP, Israel, Thailand, Russia, and the Philippines. The US market saw a 44% increase in tuna exports, reaching nearly $487 million. The EU market, benefiting from the EVFTA, saw a 15% increase, totaling nearly $166 million. However, the demand for tuna consumption and imports is decreasing due to the global economy's recession and inflation, with a forecasted decrease in exports in the first quarter of 2023.

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

Original content

According to statistics of Vietnam Customs, Vietnam's tuna products have been exported to 99 markets around the world. In which, the US, EU, CPTPP, Israel, Thailand, Russia, the Philippines ... are the largest tuna import markets of Vietnam, accounting for 92% of the total export value. In the US market, for the whole year of 2022, tuna exports to the US increased by 44%, reaching nearly 487 million USD. The restart of preferential tariff quotas as agreed in the EU-Vietnam Free Trade Agreement (EVFTA) has boosted tuna exports to this market. Total export turnover to this market block in the whole year of 2022 to nearly USD 166 million, an increase of 15% compared to 2021. Germany, Spain and Belgium are the three largest importers of Vietnamese tuna in the bloc. this market in the past year. In the market bloc of countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), after a period of continuous growth from the beginning of the ...

Source: VNRuralEconomics