Tuna exports soar in Vietnam

Published Sep 22, 2022

Tridge summary

Vietnam has experienced a significant surge in tuna exports, with a 86% increase in August 2022 compared to the same period in 2021, reaching a value of nearly 92 million USD. The total tuna export turnover for the first eight months of 2022 was nearly 730 million USD, marking a 55% increase over the same period in 2021. The export proportion of fresh, frozen, and dried tuna products is increasing, while processed tuna products are decreasing in proportion. The main markets for Vietnam's tuna exports include the US, EU, Canada, Japan, Israel, Saudi Arabia, Thailand, and Russia. The growth rate of tuna exports is expected to continue but may slow down in the second half of 2022.

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

Original content

According to statistics of Vietnam Customs, the export value of tuna in August 2022 increased by 86% over the same period in 2021, reaching nearly 92 million USD. This number is nearly 1.5 times higher than the same period in 2019, the time before the pandemic. In the 8 months of 2022, Vietnam's tuna export turnover reached nearly US$730 million, up 55% over the same period in 2021. Compared to previous years, the export proportion of fresh and frozen tuna products and dried in total tuna exports is increasing, and more than twice as much as processed tuna products. With nearly 100 export markets, in the past 8 months, tuna exports to the main markets are increasing over the same period, except for Israel. According to the analysis of Ms. Ta Ha, tuna market expert of the Vietnam Association of Seafood Exporters and Producers (VASEP), in two main markets, the US and the EU, inflation is still quite hot. Specifically, the US consumer price index (CPI) of August 2022 has increased ...

Source: Vinanet