Growth in tuna exports of Vietnam

Published Aug 3, 2021

Tridge summary

Despite facing challenges like increased production costs and container rental prices, Vietnam's tuna exports experienced a 21% increase in the first half of 2021, generating $355 million. The exports saw positive growth to most major markets, except for Japan and Israel, with the US becoming the second largest tuna supplier market. The EU market also grew, with Spain becoming the third largest single market in the EU. The total export value to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) participating countries increased by 16%, with Canada and Mexico showing significant growth. Additionally, there was impressive growth in exports to small markets such as Russia, Ukraine, Lebanon, and Korea.

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

Original content

Growth in Vietnam tuna exports. Continuously from the beginning of the year until now, Vietnam’s tuna exporters have faced many difficulties such as: increased production costs, increased container rental prices, and increased transportation rates, reports the Vietnam Association of Seafood Exporters and Producers (VASEP). However, with unremitting efforts and market acumen, the country’s tuna export results in the first half of 2021 still increased by 21% over the same period of last year, reaching 355 million USD. In June 2021 alone, exports to the main import markets all grew positively, except for Japan and Israel, which decreased by 0.8 and 9% respectively. Vietnam’s tuna products have been exported to 103 markets around the world. USA: After deploying rapid vaccination for people, the US economy is recovering quickly. The reopening of food service chains, restaurants, and hotels is increasing the demand for tuna in the US, boosting imports. By the end of June 2021, the total ...

Source: Fish Focus