According to the statistics of Vietnam Customs, Vietnam tuna export to Russia, from 2013 to 2015, Vietnam's tuna export to Russia grew continuously, but at a low level. But since FTA Vietnam - EAEU comes into effect, Vietnam's tuna export has grown strongly in the period of 2015 - 2017. Export value increased from 3.2 million USD to over 10.2 million USD. However, in 2018, Vietnam's tuna export to Russia tends to decrease.
Currently Russia imports mainly fresh, frozen and dried tuna of Vietnam, especially frozen tuna fillets (tuna cut pieces of saku, frozen yellowfin tuna, steak). This is a product that, according to the commitment in VCUFTA, countries in the EAEU will erase the immediate and rapid tariff reductions for Vietnam from 10% to 0% as soon as the agreement comes into effect. With this advantage, Vietnamese enterprises are "mastering" the playground in the market segment of frozen tuna fillets.
As for canned processed tuna products, Vietnam's products so far have not really penetrated into this market, while being high demand products in Russia. Because tuna is being located in the high-end and middle-class segments, it is in fact a premium product. The reason is that 100% of tuna products are imported from abroad. In addition, price is directly proportional to product quality. Therefore, it is difficult to find fresh tuna at Russian goods or very high price of fresh tuna. Russians also like to buy canned tuna and use it to prepare dishes than fresh tuna. Besides, tuna is one of the few species that does not lose its useful properties when canned, and is a very low-fat product so it is considered a diet product favored by Russians.
With canned tuna products, Vietnam's canned tuna products HS160414 Export code to EAEU will be reduced from 15% to 13.6% as soon as the agreement comes into effect, and then reduced. gradually 1.4% over the following years and about 0% by 2025. With this roadmap, Vietnam's closed canned tuna products are more advantageous than other countries.
If enterprises want to promote export of tuna to the Russian market, they must ensure the quality of goods, always improve packaging, design, change the language to make customers in the market. This field can capture complete information about the product.
(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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