In September alone, Vietnam exported US$53 million worth of tuna products to the markets, bringing the total export value in the first nine months to nearly US$474 million, increasing by 10.3% over the same period in 2017.
The US
After the recovery in August, Vietnam's tuna export to the US decreased. Tuna exports to this market in September only reached nearly US$19 million, down by 7.2% over the same period. The US-China trade war has created opportunities for Southeast Asian countries such as Vietnam, the Philippines and Thailand to dominate China's market share in this market.
EU
Vietnam's tuna exports to the EU had the tendency to slow down, of which the growth rate from 47% in August fell to 1.3% in September. However, for the first nine months of 2018, tuna exports to the market this year has grown well by 22% over the same period in 2017, reaching US$118 million.
In addition, in September, the tuna export of Vietnam to the individual markets in the EU had many unexpected changes. Specifically, exports to Spain with a sudden growth rate of up to 336% has surpassed the leading position of Germany. Meanwhile, Vietnam's tuna exports to Germany and the Netherlands in September experienced negative growth.
Israel
After the decline in August, tuna exports to Israel in September recovered. The value of tuna exports to this market in September reached US$4.3 million, increasing by 75% compared to September 2017, bringing the total export value in the first nine months to US$53 million, up by 51% over the same period last year. With the increasing trend of consumption, this market is very attractive to Vietnamese enterprises.
ASEAN
Tuna exports to ASEAN continued to grow well. Export value of tuna exports to this market in September increased by 75%, reaching nearly US$6 million, higher than Israel. However, due to the low growth of exports to this market in the recent months, in the first nine months of this year, ASEAN continued to be the fourth largest export market of Vietnam. Among ASEAN countries, Thailand still accounted for the highest proportion of Vietnam's tuna exports. In September, Vietnam's tuna exports to Thailand continued to grow well, reaching 56% with the worth of US$3 million.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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