EU market

(seafood.vasep.com.vn) According to Vietnam Customs, Vietnam's tuna exports to the EU decreased continuously in the second quarter of 2022. However, thanks to good growth in the first 3 quarters of the year, accumulated for the first 6 months of 2022, tuna export value to this market still increased by 4% compared to the same period, reaching more than 77 million USD.

(seafood.vasep.com.vn) Vietnam's shrimp exports to the EU as of June 15, 2022 reached US$338 million, up by 51% over the same period last year. Shrimp exports to this market grew quite steadily, ranging from 34%-83% in the first months of this year.

(seafood.vasep.com.vn) Similar to the US market, the demand for seafood in EU is recovering after the Covid pandemic. For that reason, despite difficulties such as food inflation, increased freight and high container costs, Vietnamese seafood enterprises are taking advantage of promoting exports to this market. In the context of inflation in overall price, the EVFTA is a beneficial factor boosting exports to EU. Vietnam seafood exports to the EU in the first 5 months of this year also recorded a high growth of 45%, reaching nearly 562 million USD.

(seafood.vasep.com.vn) In the first half of this year, Vietnamese pangasius exports to the EU market have revitalized after more than three dismal years. As of the first half of May 2022, export value of frozen Vietnamese pangasius to this market reached 76,8 million USD, up 95% compared to the same period last year. In that, the Netherlands is the most attractive market, accounting for 31,7% of the total value of Vietnamese pangasius exports to the EU.

(seafood.vasep.com.vn) The Free Trade Agreement between the European Union and Vietnam (EVFTA) was a lever for tuna exports to the EU market in the fourth quarter of 2020. The value of Vietnam's tuna exports to this market increased continuously in the fourth quarter, reaching nearly 38 million USD, up 20% over the same period in 2019. As a result, the total value of exports to the EU in the whole year 2020 went up to 136 million USD, up by 2.4% compared to 2019.