Among the tuna products exported to Japan, processed tuna products under HS code 16—such as smoked tuna and marinated tuna cuts (excluding canned tuna)—are the leading export category. These products are the only group to record an increase in export value during the first ten months of the year.
Currently, over 20 Vietnamese enterprises are exporting tuna to Japan. Among them, Mariso Vietnam, AHFishco, and Evertrust Food Co., Ltd., are the top three exporters, accounting for 66% of Vietnam's total tuna export turnover to the Japanese market.
Despite Japan's overall decline in tuna imports from major suppliers in the first eight months of 2024, Vietnam has managed to record the smallest drop, according to data from the International Trade Centre (ITC).
Japan’s economic indicators also signal a positive shift. The Japanese Ministry of Internal Affairs and Communications (MIC) reported that household spending in May 2024 increased for the first time after 14 consecutive months of decline. Furthermore, Japan's economy has returned to positive growth after two quarters of contraction. The Japanese government is also considering a JPY 21.9 trillion (approximately USD 141 billion) stimulus package to mitigate the impact of inflation on households.
This economic rebound is expected to boost seafood consumption, including tuna, and drive Japan’s seafood imports upward
Top 10 Tuna Exporters to Japan, January – October 2024 |
|
No. |
Company Name |
1 |
Mariso Vietnam Co., Ltd. |
2 |
An Hai Seafood Co., Ltd. |
3 |
Mai Tin Food Co., Ltd. |
4 |
Foodtech Joint Stock Company |
5 |
Dai Thuan Food Joint Stock Company |
6 |
Golden Shrimp Seafood Joint Stock Company |
7 |
Fujiura Nha Trang Co., Ltd. |
8 |
LDFOODS Co., Ltd. |
9 |
Highland Dragon Co., Ltd. |
10 |
Hai Vuong Co., Ltd. |
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
(seafood.vasep.com.vn) In the first ten months of 2024, 448 Vietnamese companies were involved in exporting pangasius to international markets. Vinh Hoan remains the top exporter, holding a 14% share of Vietnam's total pangasius export value.
(seafood.vasep.com.vn) Vietnam's seafood sector is making impressive strides as it nears the end of the year. Aquaculture has maintained steady growth, while fishing activities have recovered thanks to favorable weather conditions.
(seafood.vasep.com.vn) To ensure sustainable shrimp farming and environmental protection, Soc Trang Province emphasizes raising awareness and improving the capacity of shrimp farmers through various forms of communication and by developing and replicating effective models.
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