How does the Russia-Ukraine conflict affect Vietnam's tuna exports?

News 08:07 09/03/2022 Lê Hằng
(seafood.vasep.com.vn) Russia's military campaign in Ukraine is having a comprehensive and profound impact on the world tuna market, affecting production and export activities of countries, including Vietnam.

Hai Trieu's tuna loin

According to statistics of Vietnam Customs, by the end of 2021, Russia and Ukraine are two of the 20 largest importers of Vietnamese tuna by value. Both these countries are importing a lot of frozen tuna from Vietnam.

As for the Russian market, the 13th largest tuna import market of Vietnam, the value of Vietnam's tuna exports to this market in the past 10 years has increased from 364 thousand USD in 2012 to more than 14 million USD in 2021, increased more than 39 times. Although in the past 5 years, the export value of tuna to this market has not been stable, but it is on an uptrend and recovering well after the pandemic. 

Tuna exports to Russia in 2021 account for 2% of the total tuna export value of foreign fish, an increase of 58% compared to 2020, and even higher than in 2019, the time before the outbreak of the Covid-19 pandemic. And in January 2022 alone, tuna exports to this market increased by 427% over the same period.

For Ukraine market, the 19th largest tuna import market of Vietnam, the export value of tuna has increased 58 times in 10 years, from 115 thousand USD in 2012 to 6.8 million USD in 2021. In the past 5 years, the value of tuna exports to Ukraine has increased continuously. In 2021 alone, exports increased by 106% compared to 2020, and tripled compared to 2019, accounting for 1% of Vietnam's total tuna export value.

According to businesses, the conflict between Russia and Ukraine broke out, some orders had to be returned, and tuna export transactions to both countries had to be halted due to risks in banking transactions.  Supply chains for production and import and export are broken. Businesses are having to monitor the situation to handle inventory or find ways to export to other markets.

Besides, Russia and Ukraine are the most important suppliers of sunflower oil to the global market, including Vietnam, so if the conflict between Russia and Ukraine continues to escalate, this will affect directly to the tuna industry. Prices for most vegetable oils are now up to all-time highs in January 2022, while canned tuna processors are facing unprecedentedly high sunflower oil prices. The high price of sunflower oil will push up the production cost of canned/bag tuna.

The oil market has been under pressure from the global pandemic and the Omicron variant. Prices have also begun to rise since the escalation of tensions between Russia and Ukraine. Rising fuel costs are expected to push up raw tuna prices due to rising fishing costs. Besides, sea freight rates already at exorbitant levels are expected to continue to rise higher. And now major shipping lines have announced not to transport to and from Russia, increasing shipping costs...

Faced with this situation, although the two markets do not account for a large proportion of Vietnam's total tuna exports, but before the above impacts, it is expected that Vietnam's tuna exports in the coming months will "decelerate".

Bạn đang đọc bài viết How does the Russia-Ukraine conflict affect Vietnam's tuna exports? tại chuyên mục News của Hiệp hội VASEP
vietnam tuna exports in 2022 russia - ukraine conflict

TIN MỚI CẬP NHẬT

Vietnam Seafood Summit 2026: Exploring new growth opportunities for Vietnam’s seafood industry

 |  08:46 16/10/2026

(vasep.com.vn) On November 11, 2026, in Can Tho, the Vietnam Association of Seafood Exporters and Producers (VASEP) will organize the Vietnam Seafood Summit 2026 (VSS 2026) under the theme “Seafood Market Outlook 2027–2029: Opportunities and Headroom for Double-Digit Export Growth.”

Business leader Do Ngoc Tai: Vision, determination, and ambition to take Vietnam’s seafood industry further

 |  11:56 14/10/2026

(seafood.vasep.com.vn) Business leader Do Ngoc Tai, General Director of Tai Kim Anh Seafood Processing Joint Stock Company, was honored by the Vietnam Chamber of Commerce and Industry (VCCI) with the title “Outstanding Vietnamese Entrepreneur – Thanh Giong Cup 2026” at a ceremony celebrating Vietnam Entrepreneurs’ Day (October 13). The event took place on the evening of October 11, 2026, at the National Convention Center in Hanoi.

Global tilapia supply is being reshaped, opening new opportunities for Vietnam

 |  08:27 13/10/2026

(vasep.com.vn) The global tilapia market is becoming increasingly segmented, not only among producing countries but also by product type and destination market. Supply is divided into groups with distinct competitive advantages: large volumes of whole fish and frozen fillets from Asia, high-value fresh fillets from Latin America, and substantial domestic consumption in several major producing countries.

Vietnam’s tuna exports to the UK rise 12%, with further market share gains still possible

 |  08:38 12/10/2026

(vasep.com.vn) Vietnam’s tuna exports to the UK grew in the first eight months of 2026, despite signs of slowing import demand in the market. However, sharp fluctuations in orders, competition from major suppliers, and new traceability requirements are creating challenges for Vietnamese exporters.

Marine conservation to be strengthened to protect livelihoods and blue economy

 |  09:11 08/10/2026

(seafood.vasep.com.vn) Vietnam is stepping up efforts to combat illegal fishing, protect marine ecosystems, expand digital monitoring, and develop science-based management to ensure the sea can support communities and the economy for generations to come.

Vietnam’s shrimp exports to the EU: opportunities remain as the market shifts

 |  09:18 07/10/2026

(seafood.vasep.com.vn) The EU remains a critical market for Vietnamese shrimp; however, purchasing demand and import patterns are undergoing notable changes. According to Vietnam Customs data, as of September 15, 2026, Vietnam’s shrimp exports to the EU reached nearly $374 million, down 5% year-over-year and accounting for 10.7% of the country’s total shrimp export value. Meanwhile, the EU’s stotal shrimp imports through July 2026 contracted by 7% in volume, exhibiting divergent trends across Southern Europe, Northwestern Europe and Eastern Europe. These dynamics necessitate that Vietnamese enterprises closely monitor individualized market demand, rather than approaching the EU as a monolithic consumer block.

Vietnam’s surimi exports: the imperative for continued expansion into high-demand markets needed

 |  08:25 06/10/2026

(seafood.vasep.com.vn) In the first eight months of 2026, Vietnam’s exports of surimi and fish cakes remained relatively stable year-over-year compared to 2025. Following a contraction in the initial months, export performance demonstrated improvement from June onward, peaking in August. However, the recovery has been uneven, characterized by divergent trends across major markets: robust growth was recorded in China, Japan, Malaysia, the United States, and Taiwan, whereas export volumes to South Korea, Indonesia, and select European markets contracted.

Dong Thap accelerates pangasius farming and deep processing

 |  08:27 05/10/2026

(seafood.vasep.com.vn) Pangasius remains one of Dong Thap’s key aquaculture species, with the province focusing on developing an integrated value chain covering seed production, commercial farming, deep processing and by-product utilization. The province is promoting high-tech, circular pangasius farming models featuring reduced water exchange and enhanced biosecurity, aiming to improve production efficiency and strengthen control over raw material quality.

Seafood exports surpass US$9 billion in the first nine months, growth slows in Q4

 |  09:24 02/10/2026

(vasep.com.vn) Vietnam’s seafood exports in September 2026 are estimated at US$1.135 billion, up 11.9% year-on-year, bringing total exports in the first nine months of the year to US$9.103 billion, up 11.4%. Behind this double-digit growth, however, increasingly divergent market trends are emerging: China–Hong Kong and ASEAN posted strong growth, while the U.S., EU and Japan all recorded declines in September.

Vietnamese tilapia to Brazil: growth recovers but challenges remain

 |  13:31 01/10/2026

(vasep.com.vn) In the first eight months of 2026, Brazil became the largest market for Vietnamese tilapia, with export value reaching US$44 million, up 22,142% year-on-year and accounting for 49% of Vietnam’s total tilapia exports. In August alone, exports to Brazil reached US$4 million. However, behind this remarkable growth is a market that is imposing increasingly stringent requirements on imported supplies.

VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM

Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC