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Tuna exports hit highest level since the beginning of the year

VnExpressVnExpress20/09/2023


In August, tuna exports reached more than 87 million USD, down 5% year-on-year, but the highest value since the beginning of the year, according to VASEP.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), tuna exports to major markets in August saw many fluctuations. The highlight was the growth of the US market after a period of continuous decline. Figures showed that fish exports to this market increased by 2% in August thanks to a 24% increase in canned tuna. However, due to the small increase, in the first 8 months, exports to this market still decreased by 45% compared to the same period, reaching nearly 208 million USD.

Tuna exports to the EU also continued to accelerate, increasing by 37%. Of which, the Italian market increased by 45 times. In Germany and the Netherlands, export value is still increasing, but the pace is slowing down.

In addition, in smaller markets such as Thailand and the Philippines, Vietnamese tuna also had good growth.

On the other hand, the Israeli market, after a period of good results, fell sharply by 57% in the month. In the CPTPP market, the situation has not improved much, in which exports to Japan, Canada and Mexico all fell sharply by 53%, 49% and 14% respectively.

In the first 8 months of this year, tuna exports reached 545 million USD, down 25% over the same period.

VASEP assessed that, up to now, Vietnam's tuna exports have gradually narrowed the decline compared to the same period last year. However, the possibility of recovery in key markets such as the US, Japan or Canada to the same period last year is very difficult.

However, businesses reported that the market is gradually recovering. The decrease in raw tuna prices in the world is boosting demand from importers in the final period of the year. Therefore, it is likely that tuna in the coming months will return to the same level as in the same period in 2022.

Duc Minh



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