Vietnam's tuna exports to Italy in the first half of this year increased by 37% year-on-year

Published Aug 15, 2023

Tridge summary

Vietnamese tuna exports to Italy have increased by 37% in the first half of this year, with June seeing a 12-fold growth in trade. Italy now purchases over 50% of Vietnam's canned tuna, a five-fold increase from the previous year. The European Union and Vietnam's Free Trade Agreement (EVFTA) tariff preference and attractive pricing due to high tuna raw material costs are contributing factors to Italy's import of Vietnamese tuna products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to news from SeafoodMedia on August 10, the export value of Vietnamese tuna to Italy in the first half of this year reached 5.8 million US dollars, a year-on-year increase of 37%. the After the export of Vietnamese tuna to Italy declined in January this year, it continued to grow at a triple-digit rate in the following months. In June, the trade growth in a single month reached 12 times. the What is different from last year is that this year Italy purchases the most canned tuna from Vietnam, accounting for more than 50% of Vietnam's tuna export value. The export value of Vietnam's canned tuna to Italy has increased by 5 times compared with the same period in 2022. the In addition to canned tuna, Vietnam's exports of frozen tuna meat/loin (code HS0304) to this market also increased by 71% compared to the same period in 2022. the Italian importers said that in the context of the current high tuna raw material prices, the tariff preference negotiated in the Free ...
Source: Foodmate

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