Tuna exports from Vietnam to Chile increased slightly

(seafood. vasep.com.vn) Vietnam's tuna exports to Chile in the first 6 months of 2021 reached $3.3 million, accounting for nearly 1% of Vietnam's total tuna export value during this period, increased by 4.4% over the same period. Although the proportion is not high, thanks to the effective free trade agreements between Vietnam and Chile, Vietnamese tuna will have many opportunities to expand its market share in this market in the near future.

Tuna exports from Vietnam to Chile increased slightly

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) was officially signed in March 2018 by 11 countries, including Vietnam and Chile. Accordingly, Vietnamese tuna products such as frozen tuna meat/fillets with HS code 030487 or processed and canned tuna with HS code 160414 are committed to reducing tax to 0% from the date of entry into force of the agreement. force.

According to statistics of Vietnam Customs, among tuna products exported to Chile, frozen tuna meat/fillets with HS code 0304 is Vietnam's main export product group to this market, accounting for more than 75% of total export value. Followed by canned tuna products. Exports of frozen tuna meat/fillets with HS code 0304 increased, the rest of other products decreased compared to the same period in 2020.

The average price of frozen tuna meat/fillet products from Vietnam with HS code 030487 exported to Chile in the first 6 months of this year fluctuated at $6,526 - $7,166/ton.

The entry into force of the CPTPP Agreement has created a positive effect, promoting Vietnam's tuna exports to this market. However, due to the impact of the pandemic, plus the relatively long geographical distance, in the context of the current high sea freight rates, which reduces the competitiveness of enterprises in terms of price and delivery time, so Vietnam's tuna export turnover to Chile has not been able to break through.

Currently, Vietnam is the fourth largest tuna supplier to Chile after Thailand, Ecuador and China. In general, this year, Chile's tuna imports from other countries are not stable.

Currently, there are 10 Vietnamese enterprises exporting tuna to the Chilean market. In which, Hai Vuong Company Limited (Havuco) is the enterprise with the largest export value to this market, followed by Nha Trang Bay Joint Stock Company (Nha Trang Bay) and Binh Dinh Seafood Joint Stock Company (Bidifisco).

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Ms Van Ha

Email: vanha@vasep.com.vn

Tel: +84 24 37715055 (ext. 216)

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