News

Tuna exports of Vietnam to Mexico doubled

Tuna
Seafood
Vietnam
Mexico
Published Jun 7, 2023

Tridge summary

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), for the past 3 months, Vietnam's tuna exports to Mexico have grown continuously. In April 2023 alone, tuna exports to this market increased by 117% over the same period in 2022, reaching nearly $1.9 million. Accumulated in the first 4 months of 2023, exports to Mexico reached nearly 7.4 million USD, up 44% over the same period in 2022. According to statistics of Vietnam Customs, Mexico mainly imported meat and fillets. tuna from Vietnam, accounting for 74% of total export value, the rest are other processed tuna products. With the entry into force of the CPTPP Agreement, Vietnamese frozen tuna loin products with code HS0304 exported to Mexico are currently being reduced from the base tax rate of 20% to 0%. Other processed tuna products, such as frozen steamed tuna loins, are exempt from tax when imported into Mexico. Thus, the entry into force of the CPTPP will create favorable conditions for Vietnam's tuna businesses to promote tuna exports.

Original content

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), for the past 3 months, Vietnam's tuna exports to Mexico have grown continuously. In April 2023 alone, tuna exports to this market increased by 117% over the same period in 2022, reaching nearly $1.9 million. Accumulated in the first 4 months of 2023, exports to Mexico reached nearly $7.4 million, up 44% over the same period in 2022. According to statistics of Vietnam Customs, Mexico mainly imports tuna meat and fillet from Vietnam, accounting for 74% of total export value, the rest is other processed tuna products. With the entry into force of the CPTPP Agreement, Vietnamese frozen tuna loin products with code HS0304 exported to Mexico are currently being reduced from the base tax rate of 20% to 0%. Other processed tuna products, such as frozen steamed tuna loins, are exempt from tax when imported into Mexico. Thus, the entry into force of CPTPP will create favorable conditions for Vietnam's tuna ...
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