The U.S
As of Oct 2016,Vietnam’s tuna exports to the U.S valued at US$164.9 million, accounting for 40.2% of total exports, increasing by 0.6% year on year. The shipments to this market remained stable in the last three years. So far, the U.S kept the 1st rank in top largest importers of Vietnam’s tuna.
Currently, Viet Nam stayed as the 2nd largest supplier of tuna to the U.S (behind Thailand). In particular, imports of processed tuna (HS code 160414) accounted for the largest share of 53-55% in total tuna imports into the country. According to the ITC, in the first 8 months of 2016, Thailand, Ecuador, Fiji, China and Vietnam were top 5 largest sellers of processed tuna (HS code 160414) to the U.S. However, processed tuna products from Thailand picked up 37-48% in total import value of processed tuna into the U.S.
The EU
In the first 10 months of 2016, Vietnam’s tuna exports to the EU reached US$87.8 million, accounting for 21.4% of total export value, rising by 4.9% over the same period last year. Of that, shipments to 2 biggest importers in the bloc, including Italy and Belgium increased by 147.7% and 19.2%, respectively; while those to other major markets such as Germany (-36%) declined compared to the same period last year.
In the period,exports to Italy took up the highest growth. In Oct 2016, sales to this market reached US$6.8 million, sharply increasingly by 340.4% compared to Oct in 2015. In the first half of this year, tuna imports into Italy were worth by US$421 million, up 2.7% year on year. Of that, imports of frozen tuna touched US$71.5 million, rising by nearly 17%, accounting for over 17%, whereas those of canned/processed tuna hit nearly US$350 million, climbing by 0.2%, accounting for 83%.
Viet Nam mainly exports frozen yellowfin tuna (HS code 030487) to Italy, and ranks the 1st out of top suppliers to this market, accounting for 28%. The item will be an advantage of Viet Nam in the coming time, when the EVFTA takes effect, then frozen tuna is subject to the import duty of 0%.
ASEAN and others
Through Oct 2016, Vietnam’s tuna exports to ASEAN reached US$37 million, accounting for 9% of total imports and increasing by 16.8% over the same period last year. Of that, exports to Thailand reached US$26.5 million, up 22.8%. Currently, Viet Nam stayed as the 11th largest tuna supplier to Thailand. In the first 8 months of 2016, Thailand mainly imported tuna from Taiwan, China and Papua New Guinea as well as increased exports to the U.S, Australia and Japan.
In the first 10 months of 2016, Vietnam’s tuna exports to other potential markets such as Israel and China also significantly increased by 22.7% and 54.6%, respectively, over the same period last year. However, exports to Japan fell by 12%, those to Canada down 2.7%, and those to Mexico down nearly 25% year on year.
TOP 10 LARGEST IMPORTERS OF VIETNAM FROZEN TUNA (HS code 03) |
TOP 10 LARGEST IMPORTERS OF VIETNAM PROCESSED TUNA (HS code 16) |
||||||
No. |
Markets |
Value (US$) |
Variation (%) |
No. |
Markets |
Value (US$) |
Variation (%) |
1 |
The U.S |
95,964,814 |
11.0 |
1 |
The U.S |
48,561,034 |
-11.6 |
2 |
Italy |
15,117,377 |
63.9 |
2 |
Thailand |
20,679,311 |
+19.5 |
3 |
China-Hong Kong |
13,129,664 |
76.7 |
3 |
Germany |
10,488,974 |
-45.7 |
4 |
Israel |
7,926,279 |
0.7 |
4 |
Israel |
8,757,551 |
+58.5 |
5 |
Japan |
7,444,692 |
-29.4 |
5 |
Japan |
6,632,808 |
+22.5 |
6 |
Belgium |
6,208,289 |
38.7 |
6 |
Italy |
5,439,943 |
+1,852.9 |
7 |
Philippines |
6,170,161 |
-1.5 |
7 |
Tunisia |
4,760,285 |
+535.9 |
8 |
Mexico |
5,885,452 |
-1.6 |
8 |
Poland |
3,155,092 |
+32.8 |
9 |
Canada |
5,473,249 |
-4.9 |
9 |
Croatia |
2,863,807 |
+63.6 |
10 |
Russia |
4,250,268 |
25.0 |
10 |
The Netherlands |
2,844,477 |
-43.6 |
Source: Vietnam Customs |
Written by Ta Ha
Compiled by Dieu Thuy
Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices.
(seafood.vasep.com.vn) After increasing to the highest level in 2022, Canada's tuna imports in 2023 dropped to the lowest level in the past 10 years, reaching 35 thousand tons, down 24% over the year. Canada is currently one of the 15 largest tuna import markets in the world.
(seafood.vasep.com.vn) Chile, one of the countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has tended to increase tuna imports from Vietnam in the past 3 years. According to statistics from Vietnam Customs, this South American country imported nearly 3 million USD of tuna products from Vietnam in the first 2 months of 2024, an increase of 58% over the same period in 2023.
Economic and social development activities, overexploitation, pollution, diseases, and climate change have adversely affected the ecological environment, leading to a severe decline or the extinction of many precious indigenous aquatic species.
(seafood.vasep.com.vn) The prices of pangasius fingerlings and raw pangasius in ponds fell in March, following steady increases in the first two months of this year.
(seafood.vasep.com.vn) In February 2024, the average export price of Vietnamese pangasius to markets increased by 4%, although the volume decreased by 40% compared to the previous month.
(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.
(vasep.com.vn) In the first two months of 2024, Poland—which ranks as Vietnam's fourth-largest EU supplier of tuna—became a noteworthy market. Vietnam's tuna exports value to Poland increased by 786% in comparison to the same period last year, totaling over $2 million USD and contributing about 2% of the country's overall tuna exports revenue.
Regulations on the protection and sustainable development of aquatic resources, Việt Nam's legitimate rights at sea in accordance with international law and the achievements that the country has carved out to remove the European Union’s “yellow card” will be brought closer to local people.
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