Vietnam's canned tuna exports to the US and Portugal increase significantly

Published 2024년 12월 23일

Tridge summary

Vietnam's tuna exports to the United States have seen a significant increase, with canned tuna sales rising by 17% year-on-year to US$95 million, making the US the largest importer of Vietnamese canned tuna. Despite Thailand's dominance as the largest supplier, Vietnam has emerged as the second largest supplier to the US, with a 12% market share. The country has also experienced a 380% growth in tuna exports to Portugal, benefiting from its strategic location and the EU-Vietnam Free Trade Agreement, which boosts the competitiveness of Vietnamese exporters.

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Original content

According to SeafoodNews, the Vietnam Association of Seafood Exporters and Producers (VASEP) said that Vietnam's tuna exports to the United States rebounded strongly, with canned tuna sales increasing by 17% year-on-year to US$95 million. The United States remains the largest exporter of canned tuna from Vietnam, accounting for 36% of Vietnam's total canned tuna exports. Although Thailand remains the largest supplier of canned tuna to the United States, Vietnam has increased its exports and surpassed Mexico to become the second largest supplier to the United States, accounting for 12% of the US market share. Vietnamese exporters have also adjusted their pricing strategies, with the average price currently standing at US$4,670 per ton. In addition to the United States, Vietnam's tuna exports to Portugal have also grown significantly, with exports to this European market increasing by 380% year-on-year, and exports reaching more than US$10 million in the first 11 months. Located at ...

Source: Foodmate