In 2013, tuna sales to Germany made up 8 percent of Vietnam’s total tuna export value. From 2009 up to now, Vietnam tuna shipment to the market increased by 213 percent from US$13.7 million to US$43 million.
Vietnam’s canned tuna exports to the U.S. (the largest importer of Vietnam tuna) are on the down ward trend while exports of the item to Germany (the second largest importer) are on the increase. In 2013, tuna exports to Germany accounted for over 19 percent of the country’s’ total canned tuna exports.
Besides, shipment of canned and processed tuna by Vietnam to Germany in the last 5 years reported a continuously positive growth and made up over 80 percent of the total tuna exports to the market. Exports of the item rose from US$11 million in 2009 to US$38.6 million in 2013.
However, in the same period, exports of frozen/live/fresh tuna by Vietnam to Germany witnessed an unstable growth.
Germany sourced tuna from 42 suppliers throughout the world, in which Philippines and Ecuador were two leading suppliers in the last 5 years.
Due to unstable supply of raw tuna and changes in EU's Generalized System of Preferences (GSP), tuna exports from Philippines, Thailand and Indonesia to the market saw ebbs and flows.
While tuna exports from Vietnam to Germany reported a continuous growth in the last 5 years. After the decline in 2010, Vietnam tuna exports to Germany recovered and surpassed Thailand and Indonesia to hold the fifth largest supplier.
Thanks to advantages in large fishing fleet and abundant tuna resources, Ecuador’s tuna exports to Germany showed positive growth. The country’s tuna exports to Germany are expected to continue climbing up.
Leading tuna suppliers (Philippines, Vietnam, Indonesia, Spain and Thailand) to Germany are strongly competing with Ecuador because the country is enjoying tariff preferences on canned tuna exports to EU thanks to Free Trade Agreement (FTA) signed by two sides. Meanwhile, the above suppliers must pay the duty rate of 20.5-24 percent to export their tuna products to EU.
(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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