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.
(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.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
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