Vietnam tuna exports to Italy jumped 283% in June 2021

(seafood.vasep.com.vn) In the first half of 2021, Vietnam's tuna exports to Italy continued to grow at a high rate of triple digits. In June alone, the value of tuna exports to this market jumped 283% over the same period in 2020, reaching nearly $2.1 million. Accumulated in the first 6 months of 2021, the export value of tuna to Italy reached nearly 22.5 million USD, up 130% over the same period in 2020.

Vietnam tuna exports to Italy jumped 283 in June 2021

Among the tuna products exported to this market, it is notable for the sudden growth in exports of frozen steamed tuna loin products. In the first half of 2020, Vietnamese enterprises did not export any shipment of frozen steamed tuna loin to Italy, this year the export of this product to this market reached more than 11.4 million USD, accounting for more than 50%. total value of tuna exports to Italy. Export of fresh and frozen tuna with HS code 03 also increased by 19%. Meanwhile, canned tuna exports fell 63%.

One of the drivers of this growth is the effect of the Free Trade Agreement between the European Union and Vietnam (EVFTA), which is promoting the export of Vietnamese tuna products to the market.

Currently, there are 7 enterprises exporting tuna to the Italian market. In which, Tuna Vietnam is the enterprise with the largest export value to this market, followed by Dragon Waves and Nha Trang Bay.

According to the latest statistics of ITC, in the first four months of this year, Italy also imported tuna from more than 42 countries around the world, of which Vietnam is the fourth largest supplier of tuna outside the bloc to Italy, after Indonesia and Ecuador and Mauritius. While tuna imports from Indonesia and Ecuador to Italy decreased, imports from Vietnam increased. In addition, some other large tuna suppliers are also focusing on exporting tuna to the Italian market such as Mauritius, China...


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