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) 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.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
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