Statistics from Vietnam Customs, Vietnam's tuna exports to the EU in H1/2015 reached nearly 54.4 million, down nearly 22% over the same period. Exports of processed tuna increased while fresh and frozen tuna fell.
Among EU nations, Germany, Spain and Italy continued to be the biggest tuna importers of Vietnam. According to Eurostate, in 2014, the EU imported 13,000 MT of canned tuna from Vietnam, 60% of which were for Germany. However, Spain tuna imports from Vietnam increased by 28%, reaching US$ 7 million while those of Germany decreased by 17% and those of Italy were down 49%.
The first 4 months of this year witnessed a drop in tuna imports of the EU. Statistics from the International Trade Centre (ITC) showed that from January to April 2015, tuna imports of 28 EU countries reached nearly $ 1.3 billion, down 18% year on year. Imports from most major sources fell sharply, in which those from Ecuador were down 29%, those from Thailand fell by 51% and those from the Philippines decreased by 34%. Currently, Vietnam is the 9th biggest source.
When EVFTA takes effect, with the exception of canned tuna, all tuna products imported to the EU from Vietnam will be exempt from tax while canned tuna products need 7 more years to achieve this. In the short run, this would reduce the competitiveness of tuna from Vietnam as products from Ecuador and the Philippines have already been exempt.
Statistics showed that canned tuna imports into the EU fell sharply in the beginning of this year after growth in 5 successive years. In Q1/2015, imports of canned tuna to the EU fell by 15% by volume, at the lowest level since 2008.
The Philippines has taken advantage of GSP+ to increase exports to the EU, especially to Germany. In Q1/2015, imports of canned tuna of EU countries from the Philippines were up 7% year on year. Meanwhile, canned tuna from Vietnam exported into the EU is taxed at 20.5%.
After all, in the long run, EVFTA will create advantage for tuna exports of Vietnam, especially raising quality. However, in the short term, difficulties are still there.
(vasep.com.vn) According to data from the Department of Fisheries, as of March 20, 2024, the shrimp farming area reached about 348,670 hectares, including 334,799 hectares of black tiger prawn farming area and 13,871 hectares of white leg shrimp farming area.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(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.
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