Vietnam: Tuna exports to the EU "reversed" in the third quarter of 2022

Published 2022년 10월 30일

Tridge summary

Vietnam's tuna exports to the EU market have experienced a significant growth of 47% in the third quarter of 2022 compared to the same period in 2021, reaching over 46 million USD. This growth is also a 41% increase from the same period in 2019, despite the pandemic. The first nine months of 2022 saw a tuna export turnover of over 123 million USD, up 16% from the same period. This growth is attributed to the peak holiday season, the effect of the veda ban in the EPO area, and the competitive tariff advantages of Vietnamese tuna products under the EVFTA agreement. Despite high sea freight costs, EU canners are shifting away from the port of Rotterdam, with Belgium seeing an 111% increase in imports. Other EU markets like Romania, France, and Denmark are also showing strong growth in tuna imports.

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

Original content

This figure contributes to bringing the total tuna export value in the third quarter of 2022 to more than 46 million USD, up 47% over the same period in 2021. And so, after the decline in the second quarter, Vietnam's tuna exports South to this market has recovered. This is also an optimistic sign because this number is up 41% over the same period in 2019, the time before the pandemic. Cumulatively in the first 9 months of the year, tuna export turnover to this market group reached more than 123 million USD, up 16% over the same period. One of the reasons for this growth is that the markets prepare for the peak season for the year-end holiday. In addition, the veda ban in the EPO area from July 29 and lasted for 72 days has reduced the supply of tuna to the EU market from this area. Moreover, the price of tuna in the Manta region, Ecuador is much different from that in the area of Bangkok, Thailand, so the EU tends to strongly increase tuna imports from Asian countries at this ...

Source: Vinanet