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Monday, July 22, 2024

Vietnam’s April tuna exports skyrocket

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HCMC – Vietnam exported tuna products worth US$74 million in April, up a staggering 50% against the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

During the first four months of this year, the country’s tuna export revenue reached US$226 million, inching up 15% versus last year’s figure.

Vietnam has shipped tuna products to 63 markets around the world, down 27 markets compared to last year’s figure. The country recorded positive growth in tuna export revenues from the EU, the United States, Israel and member economies of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

Specifically, the United States remains Vietnam’s biggest tuna buyer, accounting for 41% of Vietnam’s tuna export volume, equivalent to 7,000 tons being shipped annually. Last month, Vietnam’s tuna exports to the United States soared 56% versus the 2020 figure. Further, the export of fresh and frozen tuna products increased, while that of canned items declined.

In the EU and CPTPP markets, Vietnam’s tuna exports expanded from 31% and 42% in March to 37% and 47% in April, respectively.

VASEP forecast that Vietnam’s tuna exports to these markets will continue to rise in the upcoming period thanks to tariff incentives buoyed by free trade agreements.

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