Vietnam: Tuna exports to the EU "reversed" in the third quarter of 2022
Tuna
Vietnam
Published Oct 31, 2022
Tridge summary
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.
Original content
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 time. In this context, Vietnam's tuna products with tariff advantages under the EVFTA agreement are more competitive than countries such as the Philippines, Indonesia or Thailand. This year, due to high sea freight costs, EU canners are reluctant to ship their goods through the port of Rotterdam in the Netherlands, which will add to the cost of their CFR bills. Therefore, countries ...
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