Vietnam: Tuna exports to the EU increased nearly 2 times

Tuna

Seafood

Vietnam

Market & Price Trends

Published Mar 8, 2024

Tridge summary

Vietnam's tuna exports to the EU in January 2023 saw a significant increase of 96% from the previous year, reaching over 17 million USD, as reported by the Vietnam Association of Seafood Exporters and Producers (VASEP). This surge is largely due to tariff incentives provided by the Free Trade Agreement between the EU and Vietnam (EVFTA), with notable growth in markets such as Italy, Sweden, Belgium, and Cyprus. In total, Vietnam's tuna exports for the month amounted to 79 million USD, marking a 58% year-on-year increase, with the US being the largest market.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in January this year, tuna exports to the EU reached more than 17 million USD, an increase of 96% over the same period last year, which is nearly doubled. time. Tuna exports to most EU markets are growing. Among them, there are markets with very strong increases such as Italy, which increased by 364% compared to January 2023. Tuna exports to Sweden, Belgium and Cyprus increased 11 times, 2 times and 5 times respectively over the same period. Vietnam's exports of tuna product groups to the EU in the first month of the year also increased over the same period. Exports of fresh, frozen and dried tuna increased 317 times. Exports of other processed tuna, mainly frozen steamed tuna loin, increased more than 9 times. VASEP said that tariff incentives under the Free Trade Agreement between the EU and Vietnam (EVFTA) are ...

Source: Agriculture