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
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(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
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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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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