However, in July, Vietnam's tuna exports to some main markets have tended to go down. Specifically, tuna exports to Israel and ASEAN continued to decline. Besides, after a period of good growth, exports to the EU and China in July dropped. In contrast, exports to Japan have a good recovery.
The US
In July, the US continued to increase tuna imports from Vietnam. The share of the US in total tuna exports of Vietnam is increasing and now accounts for 44%. By the end of July 2019, Vietnam's tuna exports to the US reached US $ 189 million, up nearly 61% over the same period in 2018. This shows the export trend in the first half of this year, most of the Vietnamese tuna products are exported to the US market after exports to EU and Israel slid.
EU
This year, Vietnam's tuna exports to the EU were not very favorable. After the recovery in the second quarter of 2017, Vietnam's tuna exports in July were not satisfactory. Tuna export value of Vietnam to this market in July 2019 decreased by 20%, reaching US$10 million. Therefore, in the first 7 months of 2019, Vietnam's tuna exports to the EU was only nearly US$82 million, down by 2.4% compared to the same period in 2018.
In July, while exports to Italy continued to increase incredibly by 337% over the same period.Tuna exports to Germany and the Netherlands continuously dropped.
The US have increased import tax on Chinese tuna products in this year, so China have switched to export tuna to the EU.This has led to increased competitiveness in the EU tuna market. Besides, tuna inventory in the EU is currently at a high level. All of these have affected EU tuna imports from Vietnam.
Japan
Vietnam's tuna exports to Japan continued to have good growth in July 2019. This has helped to raise the total value of Vietnam's tuna exports to this market in the first 7 months of 2019, up from the same period in 2018. Exports of frozen tuna loin/fillets from Vietnam to this market continuously declined.
ASEAN
In July, Vietnam's tuna exports to ASEAN reversed to increase. Tuna export value of Vietnam to this market increased by 47% over the same period, reaching US$5.5 million. However, due to the decline in previous months, the total export value in 7 months still declined by 2.5%. The growth in exports to ASEAN in July was due to the growth in tuna exports to Thailand in this month. This year, exports of processed tuna from Vietnam to Thailand decreased, while exports of fresh/live and frozen tuna increased over the same period.
It is forecasted that Vietnam's tuna exports in the coming months will continue the current growth momentum.
(vasep.com.vn) According to data from the Department of Fisheries, as of March 20, 2024, the shrimp farming area reached about 348,670 hectares, including 334,799 hectares of black tiger prawn farming area and 13,871 hectares of white leg shrimp farming area.
(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.
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