Vietnam's tuna exports to large markets started to be positive

Published Sep 25, 2020

Tridge summary

Despite the Covid-19 pandemic negatively affecting Vietnam's tuna export values, with overall decreases except for canned tuna which saw a 23% increase between January and August, the market dynamics are mixed. The United States and Israel have shown significant growth in imports of processed and canned tuna from Vietnam in August, with increases of 5.2% and 238% respectively. Conversely, exports to the European Union and Japan experienced declines, mainly due to the pandemic's impact on demand. However, the EU market remains strong for Vietnam as it expects tariff preferences under the EVFTA Agreement. The average export prices for tuna products vary by market, highlighting the diverse demand and pricing strategies in these markets.

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

Original content

Currently, due to the impact of the Covid-19 epidemic, Vietnam's export of tuna products has decreased, except canned tuna. The export value of canned tuna of Vietnam in the first 8 months of this year increased by 23% over the same period in 2019. In August, the export value not only increased to Canada and Egypt, Vietnam also increased exports. to the US and Israel. In particular, after a period of decline, tuna exports to Israel reversed and had a higher and higher growth rate. In August alone, tuna exports to this market increased by 238% over the same period. In the US, after a period of consecutive decline, Vietnam's tuna exports to Vietnam increased by 5.2% over the same period. In August alone, the export value of processed and canned tuna from Vietnam to the US increased by nearly 97% over the same period in 2019. The main export products of Vietnam to this market in the month these are frozen steamed yellowfin tuna (code HS16041490) and frozen tuna meat (code ...

Source: CafeF