Exports of fresh/live/frozen/dried tuna declined by 16%, while those of other tuna products all increased compared to the same period in 2017. Sales of frozen tuna loins/fillets (HS code 0304) continued to take a large share of 49%, followed by canned tuna with 28%.
The top eight major tuna importing markets of Vietnam included the U.S, the EU, Israel, ASEAN, Japan, Canada, Mexico and China, accounting for 88% of Vietnam’s total tuna export value. Exports to most of these markets witnessed the good growth, except the U.S, Canada and Mexico.
The U.S
After the growth in January, tuna exports to the U.S were on the downward trend. In the first three months of this year, Vietnam's tuna exports to the U.S gained US$40.8 million, down 8.4% over the same period last year. However, the U.S continues to be Vietnam's largest tuna buyer in Jan-Mar 2018, accounting for 30%.
In the period, although Vietnam's other processed tuna exports to the U.S increased by 164% over the same period last year, with the share of 8% in the total export value, this didn’t offset for the decrease in the total exports. Specifically, exports of frozen tuna loins/fillets hit US$24 million, down 12%; exports of canned tuna were US$13 million, down 11%; and exports of fresh/live/frozen/dried tuna reached US$534 thousand, down 58%. In this quarter, frozen tuna loins/fillets remained as the main export product of Vietnam.
The EU
Vietnam's tuna exports to the EU continued the upward trend. The figure in the first three months of 2018 was US$34.5 million, up 25% over the same period.
Exports of Vietnam’s tuna products in this period increased, except for canned tuna. Frozen raw tuna loins/fillets HS code 0304 remained as still the key export products, accounting for 40% of total export value. In the period, sales of other processed tuna to the market sharply increased by 332% to see US$ 6 million.
Japan
In the first three months of this year, Vietnam's tuna export to Japan showed the good growth from a year before. The figure in Jan-Mar this year reached US$6.2 million, up 27% over the same period in 2017.
Exports of fresh/live/frozen/dried tuna to Japan decreased by 95% over the same period while sales of other tuna products of Vietnam to the market had grown well.
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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