Russia is Vietnam's fourth largest tuna export market

Published May 28, 2024

Tridge summary

In the first quarter of this year, Vietnamese tuna exports to Russia saw a significant increase of 65% compared to the same period in 2023, amounting to 10 million US dollars. Russia now ranks as the fourth largest market for Vietnamese tuna exports. The majority of these exports consist of frozen tuna meat/loin, which accounts for 75% of the total volume. Leading the exports are companies such as Tuna Vietnam, Hai Trieu Co., Ltd, and AHFishco, with over 61% of the total volume. Vietnam's tuna exports to Russia are duty-free due to the Vietnam-Eurasian Economic Union Free Trade Agreement, providing a competitive edge over suppliers like China and Thailand, which impose duties of 3% and 8% respectively.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Exports in the first quarter of this year have reached 10 million US dollars, an increase of 65% over the same period in 2023. Russia has become the fourth largest export market for Vietnamese tuna. Among the tuna products exported by Vietnam to Russia, frozen tuna meat/loin is the main export product, accounting for 75% of the total export volume. More than 15 Vietnamese companies will participate in the export of tuna to the Russian market, among which Tuna Vietnam, Hai Trieu Co., Ltd and AHFishco are the three leading companies exporting tuna to Russia, accounting for more than 61% of the total export volume. Vietnam is the third largest tuna supplier to the Russian ...
Source: Foodmate
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