In Russia, tuna is not a traditional product. However, in recent years tuna has become increasingly popular in this market. Imports of tuna products into Russia are on the upward trend.
In this market, tuna is being positioned in the high-end and middle-class segments, but in fact it is a premium product. The reason is that 100% of tuna products are imported from other countries.
According to statistics from the International Trade Center (ITC), tuna imports into Russia in the first half of 2018 reached 3.4 thousand MT, worth by nearly US$17 million, up 20% in volume and 50% in value over the same period in 2017.
Imports of canned tuna into Russia currently picked up 59% of the country's total tuna imports, followed by frozen tuna loins/fillets with 39%. Compared to the same period in 2017, imports of both items into the Russian market went up.
As of June 2018, Russia imported tuna from 16 countries around the world. Among them, ASEAN stayed as the largest supplier of tuna to the Russian market, accounting for 77% of the total volume of tuna imports. In the period, ASEAN exported 2.6 thousand MT of tuna products to this market, worth by US$11 million, up 50% in volume and 42% in value.
Thailand, Vietnam and China held as the three largest tuna suppliers to the Russian market, accounting for 37%, 28% and 26% respectively.
In the processed/canned tuna segment, Thailand and China were the two largest suppliers to the market, followed by China.
Meanwhile, Vietnam, China and Indonesia were the three largest suppliers of frozen tuna loins/fillets to the Russian market. If in previous years, Indonesia was the leading exporter of this item to the market, this year Vietnam overtook this country to become the biggest exporter of this item to Russia. Vietnam's frozen tuna loins/fillets are currently competing with the same items from China and Indonesia.
Currently processed and canned tuna products imported into Russia are subject to the tax of 12.5% (according to MFN) and 9.375% (according to GSP). As for frozen tuna loins/fillets, the tariff rate is 5% (MFN) and 3.75% (GSP).
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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