Vietnam’s exports of frozen tuna meat and loin continue to surge

Published 2024년 10월 23일

Tridge summary

Vietnam's frozen tuna meat/loin exports have experienced significant growth in over 70 global markets, with the US, EU, Russia, Canada, and Israel as top importers. In the first eight months of 2024, exports to the US increased by 15% to $137 million, although growth is decelerating. EU exports rose by 9% to $55 million, driven by the Netherlands benefiting from EVFTA tariff preferences. However, rising transportation costs due to Red Sea tensions are affecting exports. Exports to Russia jumped by 80% to nearly $18 million, making it the second largest importer after the US, supported by tariff preferences and efficient transport systems.

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

Original content

Among the various exported tuna products, frozen tuna meat/loin under HS code 0304 consistently holds the highest proportion. These products include frozen tuna loin, tuna steak, and tuna saku. Vietnam's frozen tuna meat/loin products have been exported to over 70 markets worldwide, with the United States, the European Union, Russia, Canada, and Israel being the top five import markets. Exports of frozen tuna meat/loin from Vietnam to all five of these markets have seen an increase compared to the same period last year. Exports of frozen tuna meat/loin to the US have experienced continuous growth since the beginning of the year, peaking in August at more than $23 million. Accumulated in the first eight months of 2024, exports to this market reached $137 million, up 15% compared to the same period in 2023. However, the growth rate of exports to this market is slowing down towards the end of the year. Exports to the EU in the first eight months of 2024 reached $55 million, up 9% ...

Source: Vasep