Vietnam's giant fish is strongly purchased by Canada, the price has increased to a record, which province sells the most?

Published Apr 5, 2022

Tridge summary

Vietnam has experienced a 52% increase in tuna exports to Canada in the first two months of 2022, compared to the same period in 2021, rebounding from a decline due to the Covid-19 pandemic. Canada is the second largest tuna import market for Vietnam, accounting for nearly 5% of the total tuna export value. The country exports mainly frozen tuna meat/loin (HS0304) to Canada, which is its largest market for this product. Despite Thailand currently holding a larger market share, Vietnam's share is increasing. The trade agreement does not offer many tax incentives for Vietnamese tuna products in the Canadian market, but it has no export quotas and offers easy market access to the US. Tuna exports are mainly from Khanh Hoa province, with the price per ton reaching a nearly 10-year high.

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

Original content

According to information from the Vietnam Association of Seafood Exporters and Producers, in the second half of 2021, Vietnam's "tuna exports" to Canada have been continuously reduced due to the impact of the 4th Covid-19 wave. By 2022, Vietnam's tuna exports to this market have grown continuously. According to statistics of Vietnam Customs, the total value of Vietnam's tuna exports to Canada by the end of February 2022 reached US$7.5 million, up 52% over the same period in 2021. This is the level. the most optimistic growth after months of decline. Currently, Canada is Vietnam's second largest single tuna import market after the US, accounting for nearly 5% of total tuna export value and is the largest import market in the CPTPP bloc. Vietnam is mainly exporting frozen tuna meat/loin with code HS0304 to this market, accounting for 74% of total export value in the first 2 months of the year. Vietnam is currently the second largest tuna supplier to the Canadian market, after ...

Source: Danviet