Vietnam’s tuna exports to Japan recover faster than expected

Published 2024년 12월 10일

Tridge summary

Vietnamese companies have been leading in the export of processed tuna products to Japan, despite a decline in Japan's tuna imports from major suppliers. Over 20 Vietnamese enterprises are involved in this trade, with Mariso Vietnam, AHFishco, and Evertrust Food Co., Ltd. being the top three contributors. This growth is aligned with positive trends in Japan's economic indicators, such as increased household spending and a return to positive economic growth, which are anticipated to boost seafood consumption, including tuna, and further stimulate Japan's seafood import activities.

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

Original content

Among the tuna products exported to Japan, processed tuna products under HS code 16—such as smoked tuna and marinated tuna cuts (excluding canned tuna)—are the leading export category. These products are the only group to record an increase in export value during the first ten months of the year. Currently, over 20 Vietnamese enterprises are exporting tuna to Japan. Among them, Mariso Vietnam, AHFishco, and Evertrust Food Co., Ltd., are the top three exporters, accounting for 66% of Vietnam's total tuna export turnover to the Japanese market. Despite Japan's overall decline in tuna imports from major suppliers in the first eight months of 2024, Vietnam has managed to record the smallest drop, according to data from the International Trade Centre (ITC). Japan’s economic indicators also signal a positive shift. The Japanese Ministry of Internal Affairs and Communications (MIC) reported that household spending in May 2024 increased for the first time after 14 consecutive months of ...

Source: Vasep