Through Feb 2018, the total value of tuna exports amounted to US$86.1 million, up 22.2% over the same period last year. In particular, the export value to most of major markets witnessed the good growth compared to 2017.
The U.S held as the largest tuna importer of Vietnam with the value of US$25.8 million, accounting for 29.9% and slightly increasing by 2.1% over the same period last year; followed by the EU with US$20.9 million, up 35.6% year on year. Frozen tuna loins/fillets and processed/canned tuna are the main export items of Vietnam to these two largest markets.
The value of tuna exports to Israel, ASEAN and Japan continued the upward trend in the first two months of this year with the rises of 10.3%; 31.1% and 29.9% respectively over the same period of 2017.
The potential market in the first two months of 2018 was the Chilean market. During this time, Vietnam’s tuna exports to Chile hit US$2.5 million, up 191% over the same period last year. Despite a small share of Vietnam’s total tuna sales, the value of tuna exports to this market began to grow steadily since the end of 2017.
According to ITC, Vietnam ranked the fifth largest tuna supplier to Chile (behind Ecuador, China, Thailand and Spain). In particular, Ecuador and Thailand have taken up nearly all the market share of tuna in Chile. However, since late 2017, this was shared by a number of suppliers, including Vietnam.
In the beginning of 2018, the average import price of tuna into Chile quoted at US$1.95 to US$2.2/kg. In particular, the prices from Vietnam and Thailand were being paid the highest level in this market.
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.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.
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