According to statistics of Vietnam Customs, Vietnamese tuna exports to Mexico decreased in the first months of 2019, but then continued to grow. By the end of September 2019, export value to this market increased by 55% over the same period in 2018, reaching nearly US $ 12 million.
Vietnam and Mexico are currently participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Under commitment of this agreement, frozen tuna loin products (HS0304) - main export product of Vietnam to Mexico, will be reduced tax according to the 3-year schedule, from the base rate of 20% to 0%. Thus, in 2019, the first year that the CPTPP agreement officially come into effect for Vietnam, the tax rate applied for Vietnamese frozen tuna loin products in this market will be reduced to 13%. It will continue to reduce to 6.6% by 2020 and to 0% from 01/01/2021.
Therefore, frozen tuna loin products in Vietnam are more advantageous than that of other countries such as Indonesia, China and the Philippines, which are subject to 15% tax. Vietnam is still the largest supplier of frozen tuna loin for Mexico.
Mexico has the largest fishing fleet in the world. The country's commercial tuna fishing output reached a peak of 166 thousand MT in 1997. However, due to declining fishing resources and the application of fishing bans, tuna catches of Mexico are gradually declining. Hence, Mexico is tending to increase imports of raw tuna to serve the domestic canned processed tuna industry.
Mexico currently consumes most of the tuna caught in the country. Only a limited amount of canned and frozen tuna is exported.
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.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.
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