The majority of the exports were fresh and frozen tuna, but compared to the same period last year, exports of these categories fell by 9.6 percent, while exports of processed tuna products went up by nearly 12 percent.
The exports went to 87 markets, with the US being the largest buyer, followed by the EU, ASEAN, and Japan, the association said.
Tuna exports to the US were worth 111.6 million USD, a year-on-year increase of 0.5 percent.
Exports of fresh and frozen tuna accounted for more than 76.8 million USD of total exports to the US, up nearly 11 percent over the same period last year, while exports of processed tuna (code HS 16) decreased by over 16 percent.
Exports to ASEAN member countries increased by 24.9 percent from the same period last year, but exports to the EU and Japan were down by 8.2 percent and 10.6 percent.
In the case of Japan, while fresh and frozen tuna shipments were down by 26.5 percent, exports of processed tuna enjoyed good growth of 10 percent.
The association forecasts that tuna exports to the US, ASEAN countries and China will continue to increase.
Le Hang, Deputy Director of VASEP.PRO, said Vietnam’s tuna products, especially processed ones, were subject to high tariffs in many import markets.
An ongoing trial project for tuna fishing, buying, processing, and consumption is expected to help improve quality and competitiveness, she said.
Israeli market
As a developed country in the Middle East region, Israel is a potential market for Vietnamese tuna products, according to the Africa, Southwest Asia Market Department under the Ministry of Industry and Trade.
Tuna exports to the market in the first half of the year were worth 8.6 million USD , a year-on-year increase of over 4 percent.
According to VASEP, Israel is one of eight key export markets of Vietnamese tuna.
With a population with an obesity rate at over 20 percent, the Israel Ministry of Health has recommended that residents consume tuna as a supplement of healthy omega 3-fatty acid.
Currently, exports of frozen tuna fillet (HS0304 code) to the market accounted for approximately 60 percent, and processed tuna (HS16 code) about 30 percent, it said.
According to UN Comtrade statistics, Thailand is the largest tuna exporter to Israel, with an export value of 18.6 million USD last year.
Israel’s tuna imports from China decreased from over 40 million USD in 2013 to 13.9 million USD last year.
Last year, Vietnam earned 15.5 million USD from tuna exports to Israel. The department said there is still more room for Vietnam to boost tuna exports to the market.
Source: VNA
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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