According to Vietnam customs, Vietnam’s tuna exports of Portugal in the first five months of 2018 totaled US$5.9 million, accounting for 2.4% of the total value of Vietnamese tuna export. Compared with the same period in 2017, Vietnam's tuna exports to this market inched up over 262%.
This year, Vietnamese companies boosted exports of other processed tuna products. While last year other processed tuna products of Vietnam did not reach this market, but this year exports of this item to the market hit more than US$3.5 million. This year, Vietnamese exports of frozen tuna fillets to the country also rose by over195%.
|
VIETNAM’S TUNA EXPORTS TO PORTUGAL |
|||
|
Products |
Value (US$) |
||
|
Jan-May 2017 |
Jan-May 2018 |
Variation (%) |
|
|
Processed tuna (HS code 16) |
0 |
3,533,131 |
|
|
Canned tuna (HS code 16) |
0 |
0 |
|
|
Other processed tuna (HS code 16) |
0 |
3,533,131 |
|
|
Tuna HS code 03 |
1,631,780 |
2,377,954 |
45.7 |
|
Live/fresh/frozen/dried tuna (HS code 03) (except for tuna HS code 0304) |
1,116,220 |
854,774 |
-23.4 |
|
Tuna HS code 0304 (except for fish paste and surimi) |
515,560 |
1,523,180 |
195.4 |
|
Total |
1,631,780 |
5,911,085 |
262.2 |
|
(Source: Vietnam Customs) |
|||
Meanwhile, imports of tuna into Portugal also increased. According to ITC statistics, in the first 4 months of 2018, tuna imports of this country reached nearly 18 thousand MT, worth by nearly US$71 million, up 4% in volume and 24% in value over the same period in 2017.
In the range of products, processed/canned tuna is the most imported products into this market; followed by frozen yellowfin tuna products. The import price of processed/canned tuna into Portugal during this period ranged from US$5.77 to US$6.43/kg. That of frozen yellowfin tuna ranged from US$2.36 to US$4.4/kg. The import price of these two products imported into Portugal tended to decrease in the last 3 months.
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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.
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