After peaking at 54 million USD in 2012, Vietnam’s tuna exports to Japan went down to below 20 million USD in 2016. From the third largest importer of Vietnamese tuna, Japan dropped to the sixth place the same year.
The high import tariff reduces Vietnam’s tuna competitiveness against products from other regional countries such as Thailand and the Philippines, which enjoy a 0 percent tariff in the Japanese market.
Tuna exports showed optimistic signs in 2016 when export value rose 9.3 percent on-year to over 500 million USD, but shipments to Japan accounted for only 4 percent of the total figure.
The Vietnam Association of Seafood Exporters and Producers (VASEP) has urged the Ministry of Industry and Trade to put tuna in the list of products subject to tariff cut during negotiations for the Vietnam-Japan Economic Partnership Agreement (VJEPA).
Preliminary statistics from Vietnam Customs showed that Vietnam’s tuna export turnover in January 2017 reached nearly 34 million USD.
Shipments to Japan unexpectedly surged in the month, making Japan Vietnam’s fourth biggest tuna market, after the US, EU and ASEAN, with a year-on-year surge of 113 percent.
However, it would be difficult for the Southeast Asian country to maintain these exports if the Japanese government still maintains the current import tax levels.
Currently, Vietnamese tuna accounts for a small proportion in the Japanese market, with 0.5 percent of fresh and frozen tuna market share and two percent of canned tuna.
To help tuna exporters gain a competitive edge, the Ministry of Industry and Trade has pledged to discuss the issue with the Japanese side when the two countries review the VJEPA in the time ahead.
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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