The U.S.
Until the end of January, 2017, the U.S. remained to be the largest importer of Vietnam tuna, accounted for 35.8% of the total export value, reached US$12.2 million. However, Vietnam tuna exports to the market downed 6% compared with that of the same period in 2016.
Sales of frozen tuna fillet/loin (HS code 0304) to the market reached US$7.4 million, down 10% year on year. Meanwhile exports of canned tuna up 9% with the sales of US$4.2 million.
EU
Vietnam tuna exports to the EU in Jan 2017 declined 8.4% compared with that of Jan 2016 and reached the sales of US$7.1 million. The EU accounted for 21% of total tuna export value of Vietnam in Jan 2017.
In Jan 2017, Vietnam tuna exports to Italy- the largest single market of Vietnam tuna in 2016 – reported the decrease. Meanwhile, Vietnam exporters strengthened shipping to the Netherlands. Thus, the Netherlands has become the second largest market of Vietnam tuna in the EU bloc. Germany, the Netherlands and Belgium are in turn three leading markets of Vietnam tuna in the EU.
Japan, Isarel and ASEAN
Tuna exports to these three markets in Jan 2017 has changed the trend compared with Jan 2016. Tuna exports to Japan and Isarel increased while that to ASEAN decreased.
With the year-on-year growth of 87.6% in tuna imports from Vietnam, Israel has become the 3rd largest market of Vietnam tuna, making up 11% of total tuna exports by Vietnam.
Tuna exports to Japan in Jan 2017 showed sharp growth of 113%. Exports of all tuna products to these two markets showed the increase. Sales of canned tuna to Israel rose 213%; sales of frozen/live/fresh tuna to Japan (HS03 ext 0304) rose 1,524%.
In this month, Vietnam tuna exports to Thailand- the largest tuna import market in ASEAN, accounting for 62% in the total import value of the bloc, has 58% decrease compared with that of Jan 2016. Tuna exports to ASEAN downed 54% to reach US$1.9 million.
Amid the decline in tuna exports to main markets like the U.S. and the EU, Vietnam boosted exporting tuna to the emerging and potential markets such as the Middle East or North African countries.
According to the prediction, due to high tuna price in global market, tuna imports to US and EU will be still low. Tuna exports to the emerging markets like Isarel, Tunisia…will continue to increase in the first half of this year.
Written By Nguyen Ha
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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