In 2022, the price of transportation, vegetable oil, and steel soars have skyrocketed, pushing up the price of finished canned tuna. This has caused the import demand of canned tuna to decline and countries tend to increase imports of frozen tuna loins for domestic production to reduce costs. This has affected the structure of Vietnam's export tuna products.
Besides, from the end of 2022 until now, the price of whole fresh/frozen tuna on the world market has remained high, due to the low catch in the sea. Therefore, the market demand for whole tuna imports in the first month of 2023 is low. Moreover, the preferential tariff quotas for the group of frozen steamed tuna loins under free trade agreements such as the EVFTA, the CPTPP boosted export orders.
Exports of processed tuna products HS code 16, mainly frozen steamed tuna loin, increased by 25% over the same period in 2022
According to statistics of Vietnam Customs, Vietnam's exports of other processed tuna products HS code 16 have grown continuously from August 2022 until now.
This growth is thanks to the promotion of other processed tuna exports to key markets. The top 10 largest import markets accounted for 93% of the total export value of this product group in January.
In January 2023, tuna exports to main import markets such as the US, Japan, Egypt and Australia decreased over the same period. However, Vietnam's other processed tuna exports to Israel increased at a "galloping" rate of 2,283% over the same period. With this growth rate, Israel from the 10th position in the top of other processed tuna import markets of Vietnam in January 2022 has risen to become the second largest importer.
Along with Israel, Vietnam's other processed tuna exports to other main markets such as Peru, Canada, Thailand, Korea, Italy, Mexico or Chile all increased over the same period.
Currently, the price of whole tuna in the world market has not shown any signs of cooling down. The preferential tariff quotas are gradually used up. All of these are expected to further boost exports of processed tuna products, especially frozen steamed tuna loins in the first three months of 2023.
|
VIETNAM’S OTHER PROCESSED TUNA EXPORTS ( HS CODE 16) (Unit: USD) |
|||
|
Market |
Jan/2022 |
Jan/2023 |
Change(%) |
|
The US |
6,133,016 |
3,731,517 |
-39 |
|
Israel |
98,400 |
2,345,059 |
2,283 |
|
Peru |
993,640 |
1,522,653 |
53 |
|
Canada |
837,784 |
1,290,866 |
54 |
|
Thailand |
682.758 |
1,028,698 |
51 |
|
South Korea |
132,000 |
816,380 |
518 |
|
Japan |
886,838 |
814,476 |
-8 |
|
Italy |
|
696,357 |
|
|
Mexico |
590,604 |
676,143 |
14 |
|
Chile |
|
507,630 |
|
|
Others |
1,205,998 |
1,043,758 |
-13 |
|
Total |
11,561,038 |
14,473,536 |
25 |
Compiled by Thuy Linh
(vasep.com.vn) Vietnam’s tuna exports sustained their upward trajectory in August 2026, though the pace remained modest at just 2%. The month saw divergent trends across key markets: the US maintained its leading position, Japan and Canada improved, Russia surged and the EU continued to experience a steep downturn. These developments suggest that exporters are entering the final months of the year amid a market environment marked by greater uncertainty.
(vasep.com.vn) Vietnam’s shrimp exports reached $3.3 billion in the first eight months of 2026, up 12% year on year. However, growth momentum is moderating and market divergece is becoming more pronounced, while the US and EU continue to present significant challenges. The latest insights from the Global shrimp forum 2026 (GSF 2026), held in early September, also indicate that the final months of the year will remain highly competitive as global supply continues to expand and buyers place greater emphasis on quality, product specifications, supply consistency and the ability to meet market-specific demand.
(vasep.com.vn) Vietnam’s pangasius exports continued to grow in August 2026, bringing total export value in the first eight months of the year to US$1.5 billion, up 10% year-on-year. August exports alone reached US$205 million, up 6%. However, market performance has become increasingly divergent, with China and Brazil posting positive growth while the U.S. continued to record a sharp decline.
(vasep.com.vn) Vietnam’s seafood exports reached US$1.14 billion in August 2026, up 6.4% year on year, bringing the total for the first eight months to more than US$8.0 billion, an increase of 11.9%. Monthly export value remained above US$1 billion, but August growth was only around half the rate recorded cumulatively through the first eight months. This indicates that the eight-month result was supported significantly by stronger performance in earlier months, while market conditions are entering a less predictable period.
(seafood.vasep.com.vn) Pangasius is attracting growing interest from Japanese seafood companies as prices of many traditional whitefish species remain high and supply becomes increasingly volatile. Notably, seafood group Kyokuyo has recently continued to feature pangasius among its priority products, highlighting its competitive pricing and stable supply.
(seafood.vasep.com.vn) As Vietnam’s tilapia industry searches for new growth opportunities, venturing into brackish-water aquaculture could unlock a formidable competitive moat. Bypassing the volume-and-price bloodbath against established global heavyweights, Vietnam could differentiate itself through high-quality tilapia products tailored to specific farming conditions and value-added market segments.
(seafood.vasep.com.vn) 2026 is rapidly shaping up to be a formidable stress test for Vietnamese pangasius exports to the United States. While exports to alternative markets maintain a resilient growth trajectory, the U.S market has declined significantly. In the first eight months of the year, pangasius exports to the U.S fell by nearly 14% year-on-year, with August alone recording a decline of more than 50%. The trend shows that difficulties in the U.S. market are not driven solely by weak consumer demand, but also by multiple layers of trade barriers that are intensifying simultaneously, particularly additional import tariffs, anti-dumping duties and growing protectionism for the domestic catfish industry.
(vasep.com.vn) Vietnam’s pangasius exports to Japan are showing positive signals in 2026, indicating that the market is opening up greater opportunities for pangasius products, particularly processed and value-added products. In the first seven months of 2026, Vietnam’s pangasius exports to Japan reached US$31 million, up 20% year-on-year. In July alone, export value reached approximately US$5 million, up 30%.
On July 22, 2026, the Government issued Decree No. 292/2026/ND-CP detailing certain articles and providing measures for the organization and implementation of the Law on Foreign Trade Management. The Decree takes effect on September 5, 2026, replacing Decree No. 69/2018/ND-CP.
(vasep.com.vn) Vietnamese pangasius producer Vinh Hoan has won the top prize at the 2026 Seafood Excellence Asia Awards for its Cured Panga Croquette, highlighting the growing potential of value-added pangasius products in international markets.
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