Vietnam's tuna products have been exported to 81 markets. In general, in the first quarter, Vietnam's tuna exports to major markets increased over the same period. The US, EU, Canada, Israel, Japan, Egypt, Thailand and the Philippines are the 8 largest single tuna import markets of Vietnam.
The US
After a decline in the first two months of the year, Vietnam's tuna exports to the US in March recovered, so cumulative exports in the first three months of the year increased by 2.1% over the same period in 2020, reaching more than 63 million USD. Vietnam exports the most frozen tuna meat/fillets with HS code 03048700 and frozen steamed tuna meat/loin with HS code 16041490 to the US market. The average export price of tuna products with HS code 03048700 in the first three months of this year was at $6,488/ton, down 14% over the same period in 2020. The average export price of tuna products with HS code 16041490 was at $6,488/ton, down 10%. Currently, the average export price of these two product groups of Vietnam tends to increase gradually month by month, contrary to the trend of the same period last year.
EU
In March, Vietnam's tuna exports to the EU also increased, bringing the total export value to this market in the first three months of the year to more than 28 million USD, up 9% over the same period in 2020. The Covid-19 pandemic continues to spread in the EU countries has made the demand for canned tuna in this region continue to increase. Besides, the Free Trade Agreement between the EU and Vietnam (EVFTA) taking effect, allowing 11,500 tons of canned tuna from Vietnam to be exempt from export tax to the EU, is creating a driving force to promote exports to the market bloc. this. Therefore, Vietnam's canned tuna exports to the EU increased by 27% over the same period. Along with that, exports of fresh and frozen tuna with HS code 03 (except frozen tuna meat/fillet code SH0304) also increased over the same period.
Other markets
In the first three months of the year, Vietnam's tuna exports to large traditional markets such as the US and EU faced many difficulties due to lack of containers, increased transportation costs, etc. Therefore, many Vietnamese tuna exporters Nam has shifted to expand exports to other markets such as Korea, China... to offset the decline in major export markets. Compared to the same period last year, the growth rate of exports to Korea and China in this quarter was 378% and 51% respectively.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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