(seafood.vasep.com.vn) On the afternoon of November 6th, Vietnam time, U.S. media announced the preliminary vote count showing that Donald Trump won the 2024 U.S. presidential election. His victory is expected to bring significant changes in taxes, trade, investment, and more. As a result, Vietnam's tuna exports will also be affected.

Tuna exports are projected to reach 456.8 million USD in the first half of 2024, a year-on-year increase of 20%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.

(vasep.com.vn) In the first two months of 2024, Poland—which ranks as Vietnam's fourth-largest EU supplier of tuna—became a noteworthy market. Vietnam's tuna exports value to Poland increased by 786% in comparison to the same period last year, totaling over $2 million USD and contributing about 2% of the country's overall tuna exports revenue.

(vasep.com.vn) If last year, Spain was Vietnam's third largest tuna import market in the EU, this year this market has dropped out of the top. Tuna exports to Spain have continuously declined. Accumulated in the first 8 months of 2023, tuna exports to Spain decreased by 49% compared to the same period in 2022, reaching more than 7 million USD, this is the lowest level in the past 5 years.

(seafood.vasep.com.vn) Vietnam's tuna exports in July 2022 slowed down with an export value of more than 85 million USD, up 32% over the same period in 2021. This figure brought the total tuna export turnover in the first 7 months of 2022 to reach 638 million USD, up 52% over the same period in 2021.

(seafood.vasep.com.vn) Tuna is one of the products that have made good use of FTAs ​​such as EVFTA and CPTPP to increase exports in the first months of 2022.

(seafood.vasep.com.vn) After the turbulent year of 2021, Vietnamese exports of tuna to the EU have burgeoned during the first months of 2022. Robust y-o-y growth of 82% signals a promising year for Vietnamese exporters to this market.

(seafood.vasep.com.vn) While Vietnam's tuna export markets all declined in August, China is one of the few markets with positive growth compared to the same period in 2020. Tuna exports to this market in August 2021 increased by 8% over the same period in 2020, reaching 286,000 USD. In the first half of September 2021, the export value to this market increased sharply by 332% over the same period last year.

(seafood.vasep.com.vn) In March 2021, Vietnam's tuna exports recovered with a 27% increase over the same period in 2020 reaching $66 million. As a result, the total value of Vietnam's tuna exports in the first three months of the year increased by 3.2% compared to the first quarter of 2020 to more than 151 million USD.

(seafood.vasep.com.vn) In the first 3 months of 2021, Vietnam's tuna exports to the EU reached 28.4 million USD, up 8.6% over the same period in 2020. The EU continues to be Vietnam's second largest tuna import market. South, accounting for 19% of total export value.

(vasep.com.vn) After a continuous decline in the first 2 months of 2021, Vietnam's tuna exports to the US recovered in March. According to statistics of Vietnam Customs, in March alone, Vietnam exported nearly 31 million USD from tuna products, up 33% over the same period in 2020, bringing the total export value in the first 3 months of 2021 to more than 63 million USD, up 2.1%.

(seafood.vasep.com.vn) In February 2021, Vietnam's tuna export decreased by 22% compared to the same period in 2020, reaching nearly 43 million USD. Accumulated in the first two months of the year, the total export value of tuna reached 85 million USD, down by 10% compared to the same period in 2020. Vietnam has exported tuna to 54 markets around the world.

(seafood.vasep.com.vn) In the first months of 2021, Vietnamese tuna exports to markets were extremely prosperous, especially to the US market.

(seafood.vasep.com.vn) The Free Trade Agreement between the European Union and Vietnam (EVFTA) was a lever for tuna exports to the EU market in the fourth quarter of 2020. The value of Vietnam's tuna exports to this market increased continuously in the fourth quarter, reaching nearly 38 million USD, up 20% over the same period in 2019. As a result, the total value of exports to the EU in the whole year 2020 went up to 136 million USD, up by 2.4% compared to 2019.

(vasep.com.vn) Over the past 5 years, the UK has been one of the 17 largest tuna export markets for Vietnam. But in 2020, Vietnam's tuna exports to the UK were unstable. The export value of Vietnamese tuna to this market reached nearly 7 million USD, going down by 2% compared to 2019 due to the impact of the Covid-19 epidemic and Britain's departure from the European Union (EU) changed British consumer behavior.