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UKVFTA facilitates Việt Nam's tuna exports to UK market

Published Dec 18, 2024

Tridge summary

Vietnam ranks as the 13th largest supplier of tuna products to the UK, with a 56% surge in exports to the market in June, reaching US$742,000, and totaling $3.6 million in the first half of the year. The majority of these exports were frozen tuna meat/loins, accounting for 92% and competing with products from Ecuador, benefiting from the UKVFTA's tariff incentives. However, Vietnamese seafood producers are urged to comply with rules regarding illegal, unreported, and unregulated (IUU) fishing and improve product quality through science and technology to meet international standards and maintain export growth. The tuna export turnover hit a 25-month high in October, with projections to reach $1 billion by year-end, marking an 18% increase.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Việt Nam is the 13th largest tuna product supplier to the UK, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Việt Nam is the 13th largest tuna product supplier to the UK, after Ecuador, Philippines, Thailand and Indonesia, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Statistics from VASEP revealed that after three consecutive months of decline, Vietnamese tuna exports to the UK increased once again, with export values to the highly lucrative market soaring by 56 per cent to reach US$742,000 in June. The latest addition brought Việt Nam's tuna export turnover to this market total up to $3.6 million in the first half of this year, the association said, adding that frozen tuna meat/loins remained the nation’s major export product to the UK market, accounting for 92 per cent. The association said that tuna is sold in many types of products in the UK market such as raw, ready-to-cook, sushi, as a cake or breaded. Of ...
Source: WTOCenter
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