Tuna export in Vietnam is expected to increase in the second half of the year

Published 2023년 2월 22일

Tridge summary

Vietnam's tuna exports in January 2023 fell by 43% compared to the same period in 2022, continuing a downward trend from the last quarter of 2022. The decline was seen across most product categories, with the exception of processed tuna other than HS16 code. The US, the largest tuna export market for Vietnam, saw a 63% decrease in imports, and the EU followed with a 42% decrease, falling to the third largest importer behind Korea and Taiwan. However, tuna exports to Japan and Peru increased by 38% and 53% respectively. The Vietnam Association of Seafood Exporters and Producers (VASEP) expects that tuna exports will not perform well in the first half of the year due to a forecasted global economic recession.

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

Original content

Ms. Nguyen Ha, tuna market specialist of the Vietnam Association of Seafood Exporters and Producers, said that in January 2023, Vietnam's tuna exports continued to decline sharply following the trend of the last quarter of 2022. Tuna export turnover this month reached just over 50 million USD, down 43% compared to the same period in 2022. Accordingly, the decline occurred in most product groups, except for processed tuna other than HS16 code (in which mainly frozen steamed tuna). In which, exports of frozen tuna meat/loin with code HS0304 fell the most by 55%, while exports of fresh/frozen and dried tuna decreased by 54% and canned tuna decreased by 46%. 2022 is a remarkable year for Vietnam's tuna industry when it brings in export turnover of more than 1 billion USD, up 34% compared to 2021. However, this growth is thanks to strong growth in 3 quarters. beginning of 2022. In the fourth quarter of 2022, under the impact of inflation in Vietnam's tuna export markets, Vietnam's tuna ...

Source: Haiquanonline