According to statistics of Vietnam Customs, Vietnam’s tuna exports in April 2018 reached US$50 million, up 3% compared with April 2017. The figure in the first four months of this year amounted to over US$187 million, up 10% over the same period in 2017.
The proportion of fresh/frozen/dried tuna of Vietnam increased compared to the previous months, reaching over 52%, the remaining included processed and canned tuna products. Exports of Vietnamese tuna products went up over the same period last year except for those of fresh/frozen/dried tuna (HS code 03).
In April 2018, out of major markets of Vietnamese tuna, exports to the EU market declined.
The U.S
Vietnam’s tuna exports to the U.S continued to decline in April 2018. Therefore, tuna exports to the U.S market in the first four months of this year were still down 7.4% over the same period in 2017.
Exports of Vietnamese tuna products to the U.S decreased compared with the same period last year, except for other processed tuna. This year, the U.S still mainly imported Vietnam's tuna loins/fillets, followed by canned tuna products.
The EU
In April 2018, Vietnam's tuna exports to the EU decreased by 4% over the same period last year, reaching over US$10 million. However, the figure in the first four months of this year still increased by 17%, touching US$45 million.
Frozen tuna loins/fillets continued to be the main export products of Vietnam to the EU.
With the good growth rate from the beginning of the year, Vietnam's tuna exports to the EU in the first four months of this year increased nearly 30% compared with the same period in 2017, reaching nearly US$21 million.
Israel
Exports of Vietnamese processed and canned tuna to Israel increased over the same period last year. Meanwhile, exports of fresh/frozen/dried tuna declined. Notably, canned tuna exports to this market increased sharply by nearly 303%, reaching over US$6 million.
Japan
Vietnam’s tuna exports to Japan in April 2018 reached over US$2 million, the figure in the first four months totaled over US$8.5 million, up 24% over the same period. 2017.
Exports of Vietnam’s frozen tuna loins/fillets and other processed tuna to Japan continued to increase over the same period in 2017, and these were also the main export products to this market. Meanwhile, exports of other tuna products were on the downward trend.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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